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 Tan Chong Settling Its Overdue Customs Bill In RM 2.7 Million/Month x 36 Payments Tan Chong Settling Its Overdue Customs Bill In RM 2.7 Million/Month x 36 Payments 所有资讯 Aswan | April 28日, 2021 04:18 PM One of Malaysia's oldest car distributors is bouncing back. We earlier reported that Edaran Tan Chong Motor (ETCM) was hit with an extremely large and very overdue bill from the Royal Malaysians Customs Department (RMCD) to the tune of RM 180 million. It turns out that the amount was settled out of court and reduced to RM 109 million, with RM 10.81 million paid upfront and the rest to be paid over the next 36 months. That works out to around RM 8.1 million a quarter, or RM 2.7 million a month. This excise duty bill was accumulated from November 2016 to October 2019, and with this arrangement RMCD has agreed that the bill has been settled accordingly. The specific subsidiary of ETCM that had been hit with this bill was Tan Chong Motor Assembly (TCMA) which has manufacturing facilities in both Malaysia, as well as Vietnam and Myanmar. TCMA is responsible for producing both passenger and commercial vehicles for Nissan and Renault, the two core brands of ETCM, as well as doing contract assembly for Subaru, Mitsubishi, UD Trucks, Foto, and Bison trucks. The news has definitely impacted the share price, which fell to RM 1.18 as of writing. It has been on a steady decline over the last five years, with losses last year and this year being attributed to repayment of the overdue taxes - and of course, COVID-19. For more latest car news, reviews, car buying guides and videos visit us at Carlist.my Auto News. Check out all the best new & used car deals in Malaysia at Carlist.my. Sell your car fast with the best offer? Visit us at CarlistBid.my. Get the latest new car promotions at New Car website now. ✕ 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 Tan Chong TCMA ETCM Tax Customs 打印 相关文章 ETCM offers flood relief programme to Nissan customers caught in Klang Valley flash floods 所有资讯 Aswan | May 17日, 2016 Following the flash floods that hit the Klang Valley just last week, Edaran Tan Chong Motors (ETCM) has launched a program to help those owners who ... Tan Chong Motor Assembly Given An RM180 Million Bill By Customs Department 所有资讯 Arvind | September 29日, 2020 The Royal Malaysian Customs Department (RMCD) has dropped a whopping RM180.11 million bill to Tan Chong Motor Assemblies (TCMA) for excise duties due ... The Nissan Navara Returns As The 2016 Rainforest Challenge Official Car 所有资讯 Arvind | November 10日, 2016 Edaran Tan Chong Motor (ETCM) has announced that it will once again, return to participating in the upcoming and much anticipated off-road ... Government Reverses Excise Duty Hike For 1.5-litre MPVs 所有资讯 Hans | April 13日, 2017 Following backlash from vehicle manufacturers and the public alike, the Malaysian Customs have reversed its earlier decision to raise excise duties ... 留言
Tan Chong Settling Its Overdue Customs Bill In RM 2.7 Million/Month x 36 Payments 所有资讯 Aswan | April 28日, 2021 04:18 PM One of Malaysia's oldest car distributors is bouncing back. We earlier reported that Edaran Tan Chong Motor (ETCM) was hit with an extremely large and very overdue bill from the Royal Malaysians Customs Department (RMCD) to the tune of RM 180 million. It turns out that the amount was settled out of court and reduced to RM 109 million, with RM 10.81 million paid upfront and the rest to be paid over the next 36 months. That works out to around RM 8.1 million a quarter, or RM 2.7 million a month. This excise duty bill was accumulated from November 2016 to October 2019, and with this arrangement RMCD has agreed that the bill has been settled accordingly. The specific subsidiary of ETCM that had been hit with this bill was Tan Chong Motor Assembly (TCMA) which has manufacturing facilities in both Malaysia, as well as Vietnam and Myanmar. TCMA is responsible for producing both passenger and commercial vehicles for Nissan and Renault, the two core brands of ETCM, as well as doing contract assembly for Subaru, Mitsubishi, UD Trucks, Foto, and Bison trucks. The news has definitely impacted the share price, which fell to RM 1.18 as of writing. It has been on a steady decline over the last five years, with losses last year and this year being attributed to repayment of the overdue taxes - and of course, COVID-19. For more latest car news, reviews, car buying guides and videos visit us at Carlist.my Auto News. Check out all the best new & used car deals in Malaysia at Carlist.my. Sell your car fast with the best offer? Visit us at CarlistBid.my. Get the latest new car promotions at New Car website now. ✕ 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 Tan Chong TCMA ETCM Tax Customs
ETCM offers flood relief programme to Nissan customers caught in Klang Valley flash floods 所有资讯 Aswan | May 17日, 2016 Following the flash floods that hit the Klang Valley just last week, Edaran Tan Chong Motors (ETCM) has launched a program to help those owners who ...
Tan Chong Motor Assembly Given An RM180 Million Bill By Customs Department 所有资讯 Arvind | September 29日, 2020 The Royal Malaysian Customs Department (RMCD) has dropped a whopping RM180.11 million bill to Tan Chong Motor Assemblies (TCMA) for excise duties due ...
The Nissan Navara Returns As The 2016 Rainforest Challenge Official Car 所有资讯 Arvind | November 10日, 2016 Edaran Tan Chong Motor (ETCM) has announced that it will once again, return to participating in the upcoming and much anticipated off-road ...
Government Reverses Excise Duty Hike For 1.5-litre MPVs 所有资讯 Hans | April 13日, 2017 Following backlash from vehicle manufacturers and the public alike, the Malaysian Customs have reversed its earlier decision to raise excise duties ...