Categories: CarsNewsTransport

Muhyiddin: SST exemption for new CKD and CBU cars extended until 31 December 2021

Prime Minister Muhyiddin Yassin has announced Pemerkasa+, a new round of initiatives to help cushion the financial impact of the upcoming total lockdown which will start from 1st June 2021. One of the initiatives announced is the extension of the SST exemption for new vehicles.

According to the Prime Minister, the SST exemption will be extended from 1st July until 31st December 2021 and it’s applicable for both locally-assembled (CKD) and fully-imported (CBU) vehicles. The Ministry of Finance is expected to provide more details on the SST exemption.

The current SST exemption for new cars was first introduced under Penjana in June 2020 where buyers can get 100% SST exemption for CKD vehicles and 50% SST exemption for CBU units. Eventually, the exemption was further extended by another 6 months and it was supposed to end on 30th June 2021. This benefit is applicable to all passenger cars including MPV and SUV.

[ SOURCE ]

Related reading

Recent Posts

ChargEV Yearly Essential Plan has been discontinued, Legacy Plan still alive

ChargEV Yearly Essential Plan is now no longer available to customers. Launched back in June,…

2 hours ago

U Mobile eager to work with CelcomDigi and TM to build second 5G network, to reduce foreign majority shareholding to 20%

U Mobile has expressed gratitude to the Malaysian government for selecting them to implement Malaysia's…

10 hours ago

Shell Recharge Malaysia deploys card payment terminal to its EV charging station

Pavilion KL visitors can use credit or debit cards to utilise the Shell Recharge EV…

20 hours ago

MCMC: Malaysia’s second 5G network goes to U Mobile

[ UPDATE 2/11/2024 11:00 ] U Mobile thanked govt for second 5G network, to reduce…

1 day ago

The 2024 Mac Mini’s power button placement is dumb, but here are some solutions

Just a couple of days ago, Apple launched its long overdue updated 2024 Mac Mini.…

1 day ago

BYD Sealion 7 performance electric SUV coming to Malaysia soon?

Following the launch of the BYD M6 fully electric MPV, BYD has teased another upcoming…

1 day ago

This website uses cookies.