Vehicle sales tax exemption ends June 30, says Finance Ministry

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PETALING JAYA: The vehicle sales tax exemption will end on June 30 as planned, says Finance Minister Tengku Datuk Seri Zafrul Aziz.

However, buyers who booked their vehicles during the tax holiday period have until March 31, 2023, to register their vehicles with the Road Transport Department .

He said this is because 264,000 units of vehicles booked during this sales tax exemption period have not yet completed installation and cannot be supplied to the buyer, owing to a worldwide microchip shortage. "The extension of this vehicle registration period is a mid-point solution to balance the interests of consumers and national tax revenue which needs to be re-enhanced post-pandemic to ensure the welfare of the people and the economic well-being of the country continues to be preserved," said Tengku Zafrul in a statement on Monday .

 

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