malaysia car import tax calculator

5 cars with the highest road tax price in Malaysia

Some say that our road tax structure is archaic and demand an emissions-based system. One way to pay less road tax in Malaysia is to opt for a smaller engine, which usually means opting for turbocharged cars or hybrid cars. The road tax of a car can be a deal-breaker to some, and it is one of the reasons we don’t see that many V8 engines around. Used cars with big engines are a big turn off, since the annual road tax is almost half their value. So, just how expensive can the road tax be? Well, h


Jan 5, 2021

Economist calls to lift import and excise duties on CBU cars in Malaysia

An economist has called for the government to consider ending Malaysia's protectionist measures for the automotive industry by lifting import and excise duties on imported completely built up (CBU) cars. Barjoyai Bardai, a lecturer from the Universiti Al-Madinah, told Free Malaysia Today that the protectionist measures will ultimately have to come to an end one day. The government should take this opportunity during the Recovery Movement Control Order (RMCO) to make a trial run. Under the presen


Jun 23, 2020

Indonesia will limit import of Proton X70 until Malaysia opens up its car market further

Last week, this column discussed the challenges that lie ahead in exporting the Proton X70 to Indonesia. While the Proton X70 was able to race to the top of the sales chart almost as soon as it was launched, it will not enjoy such luxury in Indonesia. As an imported model, the Indonesian government will certainly not grant Proton any tax incentives the way the Malaysian government does. Without a significant price advantage, it’s will have a harder time going up against the Honda CR-V. To win ov


Apr 10, 2020

5 kereta dengan harga ‘road tax’ termahal di Malaysia

Sesetengah pihak berpendapat bahawa struktur cukai jalan (road tax) di negara kita agak melampau. Malah mereka menggesa industri untuk guna sistem yang berasaskan kadar pelepasan (emission-based). Salah satu cara untuk membayar road tax dengan murah ialah dengan enjin yang berkapasiti lebih kecil. Dalam erti kata lain, pembeli harus memiliki kereta yang menggunakan enjin turbo ataupun hibrid. Harga road tax yang mahal mungkin menjadi penghalang buat pembeli. Sebab inilah kereta dengan enjin V8 j


Jan 8, 2021

No 10% drop in car prices despite 10% Sales Tax exemption, here’s why

As you already know, the government has announced that all new locally-assembled (CKD) passenger cars will be exempted from paying the 10 percent sales tax starting 15-June until 31-December. Imported new cars will be given a 50 percent discount on sales tax, meaning that sales tax is still applicable, but at a lower 5 percent rate. However, this doesn’t mean that the prices of new CKD cars will drop by 10 percent. Most cars only saw a reduction of between 3 to 6 percent. Why is that so? The sim


Jun 17, 2020

Is the road tax actually cheaper for electric cars in Malaysia?

We’ve seen the launch of the Porsche Taycan and the MINI Cooper SE in Malaysia this year. They were surprisingly priced lower than our expectations. The MINI Cooper SE has a price tag of RM 218,380 and the Taycan 4S starts at RM 725,000. We did expect the MINI to be priced lower than the BMW i3s, but the Taycan is cheaper in Malaysia than it is in Thailand. The “low” price of these cars could be a result of the 10% excise tax on all electric cars as opposed to 60% to 105% for ICE cars. When we t


Sep 20, 2020

Road tax paid to JPJ don’t go to road maintenance, so what are we paying for?

Most of us take it for granted that road tax, by virtue of its name, goes directly into maintenance of non-tolled roads, but that's actually not true. Instead, road tax is just yet another channel of government revenue, and it's not used exclusively for road maintenance. Which begs the obvious question, what are we paying for then? Before we go further and for the benefit of those who missed our last article, here's some background. The former Director General of MIROS (Malaysian Institute of Ro


Jan 10, 2021

Sales tax exemption: Car companies scrambling for answers

It’s a frantic start of the week for many staff at car companies. Following Friday’s announcement by the Prime Minister that locally-assembled cars will be exempted from paying 10 percent sales tax while imported vehicles will see the rate reduced by half, many car companies are swamped by calls from their dealers and stakeholders asking for details on what’s the next step. Without the necessary paperwork, the Accounts/Finance division at car companies are unable to proceed or give any answers.


Jun 9, 2020

Kerajaan Sarawak digesa hapuskan cukai 2.5% untuk tayar import

Seperti yang pernah kami laporkan sebelum ini, tayar import yang dibawa masuk ke Sarawak dikenakan cukai 5 peratus bermula 1 Januari 2020. Dalam konteks jualan, cukai ini bernilai RM 10 untuk satu tayar kereta bawah 5 tan dan ia melibatkan semua tayar yang dibawa masuk ke Sarawak. Namun, setelah mendapat banyak tentangan dari ramai pihak, ia ditangguhkan berikutan impak pandemik COVID-19 yang melanda negara. Namun, pada hujung tahun lepas, kerajaan negeri melalui Pengawal Selia Cukai Jualan Nege


Feb 2, 2021

Zero tax for EVs in Malaysia soon, but there's a catch

Prices of electric vehicles (EVs) in the near future could be cheaper, as a draft roadmap by the Malaysian Green Technology and Climate Change Centre (Greentech Malaysia) revealed. As part of the upcoming roadmap aptly called Low Carbon Mobility Blueprint (LCMB), one of the proposals is to waive excise duty and import tax for up to 100,000 units of EVs until 2022. Though curiously, if you take a look at the LCMB booklet (which can be downloaded on MGTC's website), the figure changes to 10,000 un


Apr 19, 2021

Malaysians pay over RM 10 billion in car taxes every year. How did we end up like this?

Malaysia is known for having one of the world’s highest taxes on cars. Sales of new cars and spare parts for motor vehicles are the single largest contributor in import and excise duties collection, eclipsing tobacco and alcohol products. How much taxes do car sales contribute to the Malaysian government? The government doesn’t provide a breakdown of its tax collection by industry, but it is safe to estimate that the automotive sector contributes well over RM 10 billion in taxes every year. So i


Jan 30, 2020

The Toyota RAV4 is cheaper than the Honda CR-V, before tax – wait what??

As you would’ve already know, UMW Toyota Motor has announced the prices for the all-new 2020 Toyota RAV4, which is estimated to range from RM 203,880 for the 2.0L variant and RM 223,880 for the 2.5L variant (but to temporarily discounted to RM 196,436 and RM 215,665 respectively). With or without discounts, those prices put it way off from its segment rivals the Honda CR-V and Mazda CX-5, which tops out at RM 175,900 and RM 181,660 respectively. The latter is the stonking 230 PS/420 Nm CX-5 Turb


Jun 12, 2020

Mansuh duti import juga bukan cukai jualan sahaja, seru ahli ekonomi

Ahli ekonomi terkenal negara, Prof Emeritus Dr Barjoyai Bardai menyeru kerajaan untuk memansuhkan cukai kereta import selama 6 bulan. Beliau berkata sedemikian dalam sebuah laporan akhbar tempatan. Prof Emeritus Dr Barjoyai Bardai berkata lambat laun kerajaan Malaysia perlu menamatkan sebarang bentuk dasar yang melindungi industri automotif tempatan. Dengan bebanan duti import, cukai eksais dan cukai jualan, penjualan kereta import menjadi terlalu mahal untuk rakyat marhaen dengan tempoh hutang


Jun 23, 2020

Sales tax exemption: Some cars save you just RM 1k, others over RM 10k, find out which is which

As you already know, the government has announced that it will be waiving the 10 percent sales tax for locally-assembled (CKD) cars while imported (CBU) cars will see their sales tax reduced by half, to 5 percent. The sales tax exemption/reduction is applicable from 15-June to 31-December 2020. Specifics on how will this be implemented are still unclear, so we will have to wait a little longer. For example, will the kick-off/cut-off date be determined based on the vehicle’s registration date or


Jun 8, 2020

How to get your car loan approved? Here are 5 things that affect your chances

In 1949, the loan tenure for a VW Beetle was 12 months with an interest rate of 9 % per annum. Things have changed. In Malaysia today, car loan tenures are usually of 5,7, or even 9 years with interest rates hovering around 3% per annum (calculated on principal). Cars are getting more expensive and are almost impossible to purchase without using a loan. But is taking a car loan a bad financial decision? Well, it depends on your financial circumstances (mainly your income), how much you benefit f


Jan 28, 2021

Prices of imported (CBU) cars in Malaysia to increase by June 2020, gap between CBU/CKD to reduce

Following our earlier report that prices of new cars in Malaysia, especially locally assembled ones, will go up in prices after Chinese New Year, we now have additional information confirming that prices of imported cars will also increase, also due to changes in taxation. Come June 2020, prices of imported (CBU) vehicles will also see an increase, although the quantum of increase will be a lot lesser than those of locally-assembled models, which are projected to go up by around 15 to 25 percent


Jan 16, 2020

No further increase in 2021 car prices, government suspends plan to revise OMV

Malaysia Automotive Association (MAA) has confirmed that the earlier announced plan by the (previous) government to revise existing Open Market Value (OMV) calculations for new cars, which could raise new car prices by up to 20 percent, has been temporarily suspended until 31-December 2022. Car buyers, dealers and manufacturers can now take a breather, as there won’t be any increase in new car prices for 2021, apart from re-instatement of 10 percent Sales tax starting 1-Jan 2021, which has alway


Dec 28, 2020

Thailand announces 8-year tax breaks for EV investments, now including bikes and ships

The Thailand government is working overtime to move the country’s automotive industry from away from its current reputation as ‘Detroit of the East,’ which carries with it an image of it being a very truck-centric industry. Although Thailand is now also a regional manufacturing hub for A/B segment cars like the Mitsubishi Mirage/Attrage as well as the Toyota Vios/Yaris Ativ, Honda City, and Nissan Almera. Thailand is very well aware of its neighbour Indonesia’s ambitions in manufacturing electri


Nov 5, 2020

Thailand plans yet another tax reduction for electric cars, 3-year tax holiday is just the beginning

Despite the existing incentives for electric vehicles in Thailand, Finance Minister Arkhom Termpittayapaisith wants the Excise Department to reconsider which components of EVs deserve improved tax reductions to make them more enticing to consumers. Electric cars in Thailand are already on a three-year tax holiday under the current excise tax structure in Thailand. (Jan 1 2020 to Dec 31 2022). This applies to car makers granted with Board of Investment (BoI) privileges*. * Manufacturers that did


Nov 17, 2020

Ketahui 5 kereta dengan road tax paling mahal di Malaysia!

Ramai orang mengidamkan sebuah kereta berprestasi tinggi atau mewah. Namun, tak semua orang berpeluang memilikinya. Jadi, dengan lambakan kereta berprestasi tinggi dan mewah dalam pasaran, kereta manakah yang benar-benar lambang kekayaan pemiliknya? 1. Bugatti Chiron 8.0L – RM 24,630* 2. Rolls-Royce Phantom / Bentley Mulsanne 6.75L – RM 19,005* 3. Rolls-Royce Ghost 6.6L – RM 18,330* 4. Lamborghini Aventador/Ferrari 812 6.5L – RM 17,880* 5. Bentley Continental GT 6.0L – RM 15,630* *anggaran mengi


Jun 11, 2020

Govt mulls carbon tax and return of GST

The Ministry of Finance (MoF) has set up a committee to study various revenue enhancing measures including the possibility of reintroducing the Goods and Services Tax (GST) and imposing new taxes like carbon tax. In a note from Maybank Investment Bank (Maybank IB) Research, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz was quoted as saying that MoF is also analysing other aspects of the taxing system. Amongst them included analysing weaknesses in the current tax regime and impact of new t


Nov 23, 2020

This is the cheaper Toyota GR Yaris that recond dealers will import to Malaysia next year

We first heard about the Toyota GR Yaris way back in December 2019, and since then pretty much nobody could get enough of it. It’s been an unequivocal hit in almost every market its 18-inch wheels touch - including Malaysia where ‘less than five’ of the RM 286k hatchback remain unsold. But what if you really, really want one? Your chance may just come around again, but probably in a way you didn't expect. Enter the GR Yaris RS You may know from our encyclopedic closer look article that the GR Ya


Jan 15, 2021

Take advantage of the 100% sales tax cut, here’s a list of CKD cars

Beginning from 15th June to 31st December 2020, all new car buyers will be exempted from paying sales tax. CKD (locally assembled) passenger cars will see a cut of 100 percent. If you want to take advantage of the tax cut, here’s a list of cars assembled in Malaysia for your reference. Note that the sales tax makes up 10 percent, other taxes like excise duty and import duty still applies. BMW BMW 3 Series BMW 5 Series BMW 6 Series GT BMW 7 Series BMW X1 BMW X3 BMW X4 Haval Haval H1 Haval H2 Hond


Jun 5, 2020

Top-5 cars with the most expensive road tax in Malaysia

Let’s get right down to it, the top 5 most expensive road tax in Peninsular Malaysia (privately owned): 1. Bugatti Chiron 8.0L – RM 24,630 2. Rolls-Royce Phantom/Bentley Mulsanne 6.75L – RM 19,005 3. Rolls-Royce Ghost 6.6L – RM 18,330 4. Lamborghini Aventador/Ferrari 812 6.5L – RM 17,880 5. Bentley Continental GT 6.0L – RM 15,630 The figures above are not exact as engine capacities are almost never rounded to say, 6,000 cc for example, so there may be slight discrepancies. But even so, the actua


Oct 20, 2019

Renewal of road tax at Pos Malaysia counters suspended until 31 March 2021

In a statement issued by Pos Malaysia Berhad, the Road Transport Department (JPJ) has suspended road tax renewal processes for private vehicles at all post offices nationwide. The suspension will start on 23 February 2021 and end on 31 March 2021. All other services such as renewal of driving license and vehicle insurance are still available at all post offices nationwide. Other than that, Pos Malaysia’s statement also reminded the public that the Ministry of Transport has imposed an exemption f


Feb 23, 2021

LGE denies car prices going up, but also said changes (if any) will be gradual – wait…what?

More than a week after The Star reported that prices of locally-assembled cars will be going up, Minister of Finance Lim Guan Eng have finally gave a reply on the matter, but unfortunately it only served to confuse more than inform. Speaking at yesterday's press conference of the Budget 2020: Government Guarantee Schemes for SMEs, Lim was asked by reporters from the mainstream media (no automotive media were present, as it was a non-automotive related event) to comment on the matter, Lim asked r


Jan 22, 2020

How is this possible? Proton X50 is cheaper than tax-free Honda HR-V

As all Malaysians know, taxes weigh very heavily in pushing car prices up in our country. The government relies on the car industry to fill up over RM 10 billion worth of taxes annually. Free-trade agreements aside, the only way to go around this is to assemble the cars locally, but this only allows a manufacturer to skip the 30 percent import duty. The elephant in the room is excise duty, which ranges between 75 percent to 105 percent depending on engine capacity and body type. Excise duty appl


Nov 3, 2020

Thailand to propose tax hike for combustion engine cars, pushing for EV adoption

The Thailand government and car companies will meet in January 2021 to discuss a proposal to increase the tax on combustion engine vehicles. Bangkok Post reports that the proposal is part of the effort to promote electric vehicles and reduce air pollution in Thailand. The current excise tax structure is due to end in 2025, hence the proposal for the tax hike for combustion engine vehicles. Electric cars in Thailand are currently enjoying a 3-year tax holiday, and the proposed tax hike (for combu


Dec 18, 2020

Car prices to go up by 15 to 25 percent after Chinese New Year.

Earlier this week, The Star published an article “Locally assembled cars may cost more.” The article claims that prices of locally-assembled (CKD) cars will cost more due to potential restructuring in tax structures. Yes, the claim mentioned by the English daily is true. WapCar’s own sources within the automotive industry have also confirmed the claim. The reason behind the increase in prices is due to two factors: Withdrawal of EEV incentives and changes in Open Market Value (OMV) calculation –


Jan 15, 2020

10 new models still to be launched in Malaysia! Oct. to be 2020’s most intense month for new car launches, why?

With at least five models confirmed to be launched in October, and another five more that are also very likely to join the growing list, October is definitely the busiest month of this year. That’s a nice problem to have considering the slump that the industry is in. Cumulative new vehicle sales in Malaysia for the first half of 2020 was down by over 40 percent compared to the same six-month period last year. The all-new 2020 Honda City, Nissan Almera, Proton X50, Hyundai Kona and Mitsubishi Xpa


Sep 13, 2020