GST, HVGT, could resurface as part of Budget 2025 alongside RON95 rationalisation, says RHB analyst. Are we ready?
主页 新闻 所有资讯 Post SST: Why There Is An Increase Of Price For CBU Models Post SST: Why There Is An Increase Of Price For CBU Models 所有资讯 Siew Weng | October 10日, 2018 09:46 AM A few main distributors have updated the prices of their products, reflecting the reintroduction of the Sale and Services Tax of 10% by the government with effect from 1 st of September 2018.Majority of locally-assembled models, be it mainstream or premium brands see a reduction in price when compared to the GST-era. From what we have gathered, only Volvo have maintained their prices between both phases of taxation.Locally-assembled models such as the Mercedes-Benz E250 saw a price reduction of RM16,000!Fully imported models meanwhile see an increase in prices, such as the Honda Civic Type R, Volkswagen Golf line-up, the MINI range except for the Countryman, and Toyota C-HR.We were told the reason for locally-assembled products enjoying a lower on-the-road price is due to incentives given out under the Industrial Linkage Programme (ILP) schemes. With ILP, locally-assembled products with high localization content enjoy a lower computed value, and thus, lower overall sales tax, as the sales tax element is the final taxation after import and excise duties. (Example below)Local-assembly receives incentives and lower excise duties through ILP. It thus reduces the computed value for sales tax calculationThe Toyota Hilux is locally-assembled in Shah Alam, but why the prices have gone up? As the Hilux is a pickup and classified as a commercial vehicle, the vehicle is already exempted from excise and import duties. Without any excise duties, there are no savings from the ILP scheme.Thus, the increase in tax rate from 6% to 10% directly affects the higher on-the-road price. Proton and Volkswagen meanwhile continue to offer buyers the price of their products at zero-rated GST. As for after-sales and servicing, a 6% service tax is applied to labour charges. Here are the quick links to the new SST-based prices with effect from 1st of September 2018.Mainstream brandsHondaKiaNissanPeroduaPeugeotToyotaVolkswagenMazda (Updated)Premium brandsBMW and MINIMercedes-BenzVolvo ✕ 使用 WhatsApp 联系 我们依据 PDPA 保护您的个人信息。 我同意 Carlist.my 的使用条款和隐私政策 我同意接收来自 Carlist.my 及其汽车销售商、业务附属机构和合作伙伴的个性化通信。 查看最佳汽车优惠! Prev Next 特价 - 马上拨电！ 天 小时 平均市场价格 为什么没有价格？ 有时经销商希望您以最优惠的价格联系。 I 为什么没有价格？ 有时经销商希望您以最优惠的价格联系。 相关标签 BMW Honda KIA Mazda Mercedes-Benz MINI Nissan perodua Peugeot Proton SST Toyota volkswagen volvo 打印 相关文章 Malaysia Day Special: The Who and Where Of Malaysia’s Car Industry 汽车专题 Hans | September 16日, 2017 When the late Tunku Abdul Rahman proclaimed Malaya’s independence from the British empire in 1957, our local roads were mostly travelled by imported ... 10 Most searched used car brands in Malaysia in 2022 - guess who didn't make the top 10 汽车专题 Adam Aubrey | November 11日, 2022 We list down the top 10 most searched used car brandsIf there's one thing true about Malaysians – it's that we love our food and our cars.Malaysia is ... New Car Launches For 2018 – Mainstream Brands 购买指南 Siew Weng | January 15日, 2018 Seeing that 2017 has been a rather quiet period for some car companies, let’s take a look at what new cars we can expect in 2018Perodua SUV / New ... 12 Days Of Christmas - Christmas Balik Kampung - Some Of The Best Travelers From Different Segments 汽车专题 Adam Aubrey | December 21日, 2020 There are many cars out there that can provide that long-distance comfort for that Christmas Balik kampung journey, but here are our picks.One of the ... 留言
Post SST: Why There Is An Increase Of Price For CBU Models 所有资讯 Siew Weng | October 10日, 2018 09:46 AM A few main distributors have updated the prices of their products, reflecting the reintroduction of the Sale and Services Tax of 10% by the government with effect from 1 st of September 2018.Majority of locally-assembled models, be it mainstream or premium brands see a reduction in price when compared to the GST-era. From what we have gathered, only Volvo have maintained their prices between both phases of taxation.Locally-assembled models such as the Mercedes-Benz E250 saw a price reduction of RM16,000!Fully imported models meanwhile see an increase in prices, such as the Honda Civic Type R, Volkswagen Golf line-up, the MINI range except for the Countryman, and Toyota C-HR.We were told the reason for locally-assembled products enjoying a lower on-the-road price is due to incentives given out under the Industrial Linkage Programme (ILP) schemes. With ILP, locally-assembled products with high localization content enjoy a lower computed value, and thus, lower overall sales tax, as the sales tax element is the final taxation after import and excise duties. (Example below)Local-assembly receives incentives and lower excise duties through ILP. It thus reduces the computed value for sales tax calculationThe Toyota Hilux is locally-assembled in Shah Alam, but why the prices have gone up? As the Hilux is a pickup and classified as a commercial vehicle, the vehicle is already exempted from excise and import duties. Without any excise duties, there are no savings from the ILP scheme.Thus, the increase in tax rate from 6% to 10% directly affects the higher on-the-road price. Proton and Volkswagen meanwhile continue to offer buyers the price of their products at zero-rated GST. As for after-sales and servicing, a 6% service tax is applied to labour charges. Here are the quick links to the new SST-based prices with effect from 1st of September 2018.Mainstream brandsHondaKiaNissanPeroduaPeugeotToyotaVolkswagenMazda (Updated)Premium brandsBMW and MINIMercedes-BenzVolvo ✕ 使用 WhatsApp 联系 我们依据 PDPA 保护您的个人信息。 我同意 Carlist.my 的使用条款和隐私政策 我同意接收来自 Carlist.my 及其汽车销售商、业务附属机构和合作伙伴的个性化通信。 查看最佳汽车优惠! Prev Next 特价 - 马上拨电！ 天 小时 平均市场价格 为什么没有价格？ 有时经销商希望您以最优惠的价格联系。 I 为什么没有价格？ 有时经销商希望您以最优惠的价格联系。 相关标签 BMW Honda KIA Mazda Mercedes-Benz MINI Nissan perodua Peugeot Proton SST Toyota volkswagen volvo
Malaysia Day Special: The Who and Where Of Malaysia’s Car Industry 汽车专题 Hans | September 16日, 2017 When the late Tunku Abdul Rahman proclaimed Malaya’s independence from the British empire in 1957, our local roads were mostly travelled by imported ...
10 Most searched used car brands in Malaysia in 2022 - guess who didn't make the top 10 汽车专题 Adam Aubrey | November 11日, 2022 We list down the top 10 most searched used car brandsIf there's one thing true about Malaysians – it's that we love our food and our cars.Malaysia is ...
New Car Launches For 2018 – Mainstream Brands 购买指南 Siew Weng | January 15日, 2018 Seeing that 2017 has been a rather quiet period for some car companies, let’s take a look at what new cars we can expect in 2018Perodua SUV / New ...
12 Days Of Christmas - Christmas Balik Kampung - Some Of The Best Travelers From Different Segments 汽车专题 Adam Aubrey | December 21日, 2020 There are many cars out there that can provide that long-distance comfort for that Christmas Balik kampung journey, but here are our picks.One of the ...