- News
- Auto News
- Will The SST Exemption Extended, Or Will It Remain?
According to The Star, the government may extend the sales tax exemption (SST) for new vehicles to help the automotive industry.
“The government is currently considering the proposal to extend the SST exemption, and a decision will be announced soon,” Datuk Seri Wee Ka Siong, the transport minister said in a recorded statement at the Federation of Motor and Credit Companies Associations of Malaysia (FMCCAM) annual general meeting.
The Malaysian Automobile Association (MAA) has also been steadfast in its requests to the Finance Ministry to extend the SST exemption period; a response from the MOF is still pending.
The SST exemption scheme, which was first introduced as part of the Penjana stimulus package, has already been extended three times, with the most recent one set to expire at the end of June 2022.
“We welcome initiatives that will help economic recovery, and we will look into the matter to see if the Transport Ministry can help facilitate this proposal.“ Wee added.
Will the SST exemption be extended, or will it remain?
Stay tuned to Caricarz for further updates!
Gallery
Tagged:
Written By
Anis
Previously in banking and e commerce before she realized nothing makes her happier than a revving engine and gleaming tyres........
Related News
No Reservations And Transfers Allowed For Cars Booked Before June 30
Most major car companies won't accept requests to change reservations made before the June 30 sales tax exemption deadline.
12-07-2022
Due To The SST Exemption, Car Bookings Will Increase, Followed By Cancellations The Following Year
The government has refused to extend the tax holiday, but it has decided to postpone the expiry date for vehicle registrations until March 31, 2023, giving automakers enough time to fulfil the onslaught of orders.
24-06-2022
Government Announces No SST Extension
Ministry of Finance (MOF) SST exemption for passenger cars in Malaysia will end by June 30 this year which has been changed thrice since Dec 31, 2020.
20-06-2022
SST Vs GST – Which Tax Will Result In Lower Car Prices?
The Sales and Services Tax (SST) is about to be over and the Goods and Services Tax (GST) will be back!
08-06-2022
The Continuation of SST Exemption & Its Effect on The Economy - What Do Economists Say? Here's Their Answer!
Exclusive story: The Continuation of SST Exemption & Its Effect on The Economy
25-04-2022
Latest News
BYD Shark PHEV Pick-Up Truck Teased by BYD Cars Malaysia – Coming Soon?
BYD Cars Malaysia has dropped a teaser for the BYD Shark PHEV pick-up truck. Coming to Malaysia soon?
12-11-2025
Malaysia Scraps Rule of 78, Car Loan Savings Ahead - Analysts
Malaysia ends the Rule of 78, letting car loan borrowers save more with fairer interest.
12-11-2025
Govt Not Forcing Aeroline To TBS, Corus KLCC Stop Unsuitable
Express bus operators aren’t forced to use TBS or TBG but must run from safe, licensed terminals.
12-11-2025
Oct 2025 Vehicle Sales Up 30%, xEV Share at 8.7%
Malaysia’s car market surged in Oct 2025 with 81,413 new registrations, up 30% from Sept’s 62,598 units.
12-11-2025
LATAR Interchange Opens, Direct Access To Eco Grandeur
The Eco Grandeur Interchange and Toll Plaza has officially opened, offering direct access through Exit 2502 to Eco Grandeur.
11-11-2025
Penang Sentral Set to Become Mainland’s Integrated Transport Hub
The Butterworth KTM station, Mutiara Line LRT, and airport expansions will turn Penang Sentral into key transport and logistics hub.
11-11-2025
Six Bidders Eye Barrier-Free MLFF Toll System - Report
Six consortiums are reportedly competing to roll out Malaysia’s long-awaited MLFF toll system.
11-11-2025
