GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
Utama Berita Berita Kereta Fake News: No SST For Cars - How The Media Got It Wrong Fake News: No SST For Cars - How The Media Got It Wrong Berita Kereta Eric | July 30, 2018 11:52 PM News reports claiming that new locally-assembled cars will be exempted from the upcoming 10 percent sales tax are not true. According to a press release by the Royal Malaysian Customs Department, the document titled ‘’Proposed Goods Exempted From Sales Tax" uploaded to the official Customs site has been erroneously interpreted by many local news sites. Section 87.03 on the document includes a clause that says Completely Knocked Down (CKD) vehicles are exempted from sales tax. Earlier reports by MalaysiaKini and The Sun Daily, which has since been corrected, had based their reports on the document, claiming that prices of new locally-assembled cars will not see any increase post-SST implementation on 1-September 2018. The Customs Department clarified that the items exempted from SST on the said list only refers to knocked down kits that are for completely knocked down (CKD) packages.At this point, we need to clarify that the definitions of CKD and CBU used in policy papers are different from consumers’ understanding. CKD here doesn’t necessarily mean locally-assembled cars, but imported components and kits used to assemble a vehicle.Obviously sales tax cannot be imposed at this level as that would result in double taxation of the vehicle – at plant’s assembly level and at point-of-sale at the showroom, hence the exemption on CKD cars.In short, the clause merely says that unfinished cars are exempted from sales tax, only finished cars that are sold will be slapped with the 10 percent sales tax. It should be noted that the exemptions listed under Section 87.03 have been around for decades, since the pre-GST era.This trusted news content is brought to you by Carlist.my. ✕ Mari berhubung dengan Whatsapp Kami mematuhi Akta Pelindungan Data Peribadi untuk melindungi anda Saya bersetuju dengan Terma Penggunaan dan Polisi Privasi Carlist.my Saya bersetuju untuk menerima komunikasi yang diperibadikan daripada Carlist.my dan penjual kereta, ahli gabungan dan rakan kongsi perniagaannya. Lihat tawaran kereta terbaik! Prev Next Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. Tag Berkaitan GST SST Cetak Berita Berkaitan MoF: SST To Be Re-Introduced In Malaysia Berita Kereta Hans | May 18, 2018 Now that Goods and Services Tax (GST) has been made zero-rated, the Ministry of Finance announced yesterday that the Sales and Services Tax (SST) is ... SST To Be Implemented In September 2018 Berita Kereta Hans | May 30, 2018 The government of Malaysia has confirmed that Sales and Services Tax (SST) will be reintroduced in September this year.Speaking at a press conference ... Post-GST: Sales Tax Confirmed At 10 Percent, Service Tax At 6 Percent Berita Kereta Hans | July 17, 2018 The Ministry of Finance has confirmed that Sales and Services Tax (SST) will return in September and that the rate will be set at 10 percent for ... MoF: SST Is Selective, To Have 5% And 10% Categories Berita Kereta Eric | July 18, 2018 Finance Minister Lim Guan Eng has stated that not all products and services will be imposed with the sales and service tax (SST), which is set to be ... Komen
Fake News: No SST For Cars - How The Media Got It Wrong Berita Kereta Eric | July 30, 2018 11:52 PM News reports claiming that new locally-assembled cars will be exempted from the upcoming 10 percent sales tax are not true. According to a press release by the Royal Malaysian Customs Department, the document titled ‘’Proposed Goods Exempted From Sales Tax" uploaded to the official Customs site has been erroneously interpreted by many local news sites. Section 87.03 on the document includes a clause that says Completely Knocked Down (CKD) vehicles are exempted from sales tax. Earlier reports by MalaysiaKini and The Sun Daily, which has since been corrected, had based their reports on the document, claiming that prices of new locally-assembled cars will not see any increase post-SST implementation on 1-September 2018. The Customs Department clarified that the items exempted from SST on the said list only refers to knocked down kits that are for completely knocked down (CKD) packages.At this point, we need to clarify that the definitions of CKD and CBU used in policy papers are different from consumers’ understanding. CKD here doesn’t necessarily mean locally-assembled cars, but imported components and kits used to assemble a vehicle.Obviously sales tax cannot be imposed at this level as that would result in double taxation of the vehicle – at plant’s assembly level and at point-of-sale at the showroom, hence the exemption on CKD cars.In short, the clause merely says that unfinished cars are exempted from sales tax, only finished cars that are sold will be slapped with the 10 percent sales tax. It should be noted that the exemptions listed under Section 87.03 have been around for decades, since the pre-GST era.This trusted news content is brought to you by Carlist.my. ✕ Mari berhubung dengan Whatsapp Kami mematuhi Akta Pelindungan Data Peribadi untuk melindungi anda Saya bersetuju dengan Terma Penggunaan dan Polisi Privasi Carlist.my Saya bersetuju untuk menerima komunikasi yang diperibadikan daripada Carlist.my dan penjual kereta, ahli gabungan dan rakan kongsi perniagaannya. Lihat tawaran kereta terbaik! Prev Next Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. Tag Berkaitan GST SST
Tawaran istimewa - hubungi sekarang! Hari Jam Hrg. Psrn. Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik. I Kenapa tiada harga disenaraikan? Kadang-kadang, penjual ingin anda hubungi mereka untuk dapatkan harga yang terbaik.
MoF: SST To Be Re-Introduced In Malaysia Berita Kereta Hans | May 18, 2018 Now that Goods and Services Tax (GST) has been made zero-rated, the Ministry of Finance announced yesterday that the Sales and Services Tax (SST) is ...
SST To Be Implemented In September 2018 Berita Kereta Hans | May 30, 2018 The government of Malaysia has confirmed that Sales and Services Tax (SST) will be reintroduced in September this year.Speaking at a press conference ...
Post-GST: Sales Tax Confirmed At 10 Percent, Service Tax At 6 Percent Berita Kereta Hans | July 17, 2018 The Ministry of Finance has confirmed that Sales and Services Tax (SST) will return in September and that the rate will be set at 10 percent for ...
MoF: SST Is Selective, To Have 5% And 10% Categories Berita Kereta Eric | July 18, 2018 Finance Minister Lim Guan Eng has stated that not all products and services will be imposed with the sales and service tax (SST), which is set to be ...