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PETALING JAYA: Car buyers who want to take advantage of the tax exemption, before the introduction of sales and service tax, may have to pay the tax if their cars are delivered after September 1st.
are not able to meet the demand in time following an increase in bookings. The long waiting list for new cars will see the delivery of some cars only after the introduction of the SST
Datuk Aishah Ahmad, president of the Malaysian Automotive Association (MAA), said the customers who could benefit from their new cars registered during the tax holiday period.
"But if the vehicle is delivered and registered after September 1, then buyers will have to pay a higher amount for the car because of SST.
" In terms of vehicle production, there is always an advance of four months time. You need local suppliers to develop it.
"We only knew that the GST was zero-rated in May, and there is no way to increase or demand that production happen or that your suppliers do more."
"We can only sell what is in stock or is already in the pipeline, we can not get more than that, because of this period of time," she said at the time. a press briefing yesterday.
The demand for cars has skyrocketed following the zero-rating of the goods and services tax (GST) by the new Pakatan Harapan government. It started on June 1st.
The tax holiday saw many auto companies announce GST prices that drove down the price of cars.
A bottleneck also arose in several loan applications.
Representatives of Honda and Toyota, who attended the briefing, said that the waiting list for vehicles was two to three months
"If you order your car now, you do not have it. Next month, beyond September, the SST awards will come, "said MAA Vice President Roslan Abdullah, also President and CEO of Honda Malaysia.
Ravindran K., president of UMW Toyota Motor, confirmed the waiting list of his Toyota models. In 1965, total vehicle sales increased by 28% to 64,502 units from 50,273 a year earlier, also supported by Hari Raya campaigns and promotions.
The rise in sales would not last, however. MAA expects that the huge demand for new vehicles will stop once OHS comes into operation.
In this regard, the MAA revised down its total sales in 2018 to 585,000 units against 590,000 previously. rising post-SST, adding that it was still early to determine what the quantum would be.
"It will depend on the model to model," she said. "Also, we are still waiting for technical details;"
See also:
Old exemptions from TVS mean more money for people
"Corruption in customs and government gets RM3bil "
" We'll absorb SST if cars booked before September 1, but delivered after that "(19659019) Make sure SST does not burden people, MCA says Govt
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