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Pekema wants more APs for used cars, requests MITI for 35k-unit annual limit to be increased to 50k units

Pekema wants more APs for used cars, requests MITI for 35k-unit annual limit to be increased to 50k units
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Home Ownership Campaign will help incentivise the market in 2022

AT Budget 2022 last month, property players had high hopes that the nationwide Home Ownership Campaign (HOC), which ends on Dec 31, will be extended into 2022.

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New Year cheer for auto sector

Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad said the exemption would greatly benefit the auto sector, considering the economic uncertainties created by the Covid-19 pandemic.
PETALING JAYA: The vehicle sales tax exemption, which is supposed to end tomorrow, has been extended until June 30,2021.
Malaysian Automotive Association (MAA) president Datuk Aishah Ahmad said the exemption would greatly benefit the auto sector, considering the economic uncertainties created by the Covid-19 pandemic.
“We’re very pleased that the government has chosen to extend the sales tax exemption. It will benefit not just the automotive industry, but also the public and financial institutions, ” she told StarBiz.

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MOF: SST exemption for new CKD and CBU cars extended until 30 June 2021

MOF: SST exemption for new CKD and CBU cars extended until 30 June 2021
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Government extends SST exemption period to June 30, 2021 - 100% on new CKD cars, 50% for CBU

29 December 2020 5:18 pm / 33 comments
In a new twist, the government has now announced via a memo issued to the Malaysian Automotive Association (MAA) and Malaysian Association of Malay Vehicle Importers and Traders (PEKEMA) that there will be an extension to the new vehicle sales tax exemption period to June 30, 2021. We’ve since checked with MAA, who confirmed the matter.
The sales tax exemption, which has been in place since June 15, was originally scheduled to come to an end on December 31 this year. According to the memo, the percentage of sales tax exemption remains unchanged from what was announced before, with 100% for locally-assembled (CKD) cars and 50% for fully-imported (CBU) cars.

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