- 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
Petron Lubricants Gains SIRIM Certification & Label
Petron Malaysia acquires SIRIM genuine product licence certification and label for engine lubricant product line-up.
23-09-2025
Govt Will Allow Commercial RV Rentals from 2026 - Loke
Starting January 2026, RVs can be licensed for commercial use, making self-drive RV holidays safer and regulated.
23-09-2025
BUDI95: RON95 Ban on Foreign Cars Still On, RM1.99 for Malaysians
BUDI95 keeps foreign-registered cars out of subsidised RON95, only Malaysians with local vehicles can pump at RM1.99 per litre.
23-09-2025
Rapid Rail Set To Launch Real-Time Crowd Tracking & AI Security
Rapid Rail will introduce a live tracker showing coach crowd levels so commuters can board with less stress.
23-09-2025
Rafizi: Budi95 Quota Won’t Deliver Savings or Fairness; T20 Gains the Most
Rafizi Ramli says Budi95 quota will keep subsidies at RM10–15 billion a year, but wealthier households enjoy biggest share.
23-09-2025
Budi95: JPJ Extends Operating Hours; JPN to Issue Free MyKad Replacement
More than 16 million Malaysians stand to benefit from Budi95, but only with both their MyKad and valid driving licence.
22-09-2025
BHPetrol Lubricants Receive SIRIM Certification
BHPetrol garners SIRIM certification for its SyGard, Trans and Dash engine lubricants range.
22-09-2025
