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Finance minister says SST exemption for vehicles only until June 30, no more extension

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KUALA LUMPUR, June 20 — The federal government will not be extending the sales and service tax (SST) exemption for the purchase of new vehicles past June 30. However, Finance...

KUALA LUMPUR, June 20 — The federal government will not be extending the sales and service tax exemption for the purchase of new vehicles past June 30.

“The extension of the vehicle registration period is a midpoint solution to balance the interests of consumers and national tax revenue that needs to be increased post-pandemic to ensure the welfare of the people and the country's economic well-being continue to be preserved,” he added. It was originally supposed to end on December 31, 2020 but an extension was granted until end of this month.

 

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