It’s confirmed – the SST exemption for passenger cars in Malaysia will end as scheduled on 30 June 2022. However, the silver lining is that the government has taken into consideration the severe stock issues currently faced by the automotive industry and has allowed the SST exemption to apply for any car booked before the deadline as long as it is registered before 31 March 2023.
Thanks to the combined after effects of the pandemic, war and chip shortages, there are many cars with waiting lists of a few months in Malaysia. This will mean someone who booked a car in January but have yet to receive delivery of the car will still be able to enjoy SST exemption as long as the stock arrives and is registered before the 31 March 2023 deadline.
For cars launched in July 2022 onwards though, no luck! Though we wonder if pre-launch bookings will qualify as long as it is before the 30 June 2022 deadline? What exactly defines a booking that qualifies for the exemption – this little detail still remains to be cleared up. According to MOF, there are currently a total of 264,000 undelivered bookings so far – that’s a lot!
We will update any further details on this as soon as we know.
Source: Read Full Article