Govt may extend vehicular sales tax exemption to aid automobile industry's recovery, says Dr Wee

According to Dr. Wee Ka Siong, the government may extend the sales tax exemption for new automobiles to help the automobile industry recover from the lockdown, which has faced numerous obstacles.

The government, according to the Transport Minister, has put in place a series of stimulus initiatives to help the economy recover.

One of them is the car sales tax exemption for new vehicle purchases, which has been extended until June 30 of this year.

"The administration is now debating whether or not to extend the exemption, and an announcement will be made soon."

At the Federation of Motor and Credit Companies Associations of Malaysia (FMCCAM) annual general meeting on Saturday, he remarked in a recorded statement (June 11).

Datuk Tony Khor, president of the FMCCAM, also encouraged the government to prolong the sales tax exemption for new automobiles, which is slated to expire in June.

He said there had been delays in vehicle deliveries due to a worldwide supply chain disruption and a chip shortage.

The SST exemption was part of the Penjana stimulus package, which was designed to help people cope with the effects of the pandemic.