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

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PETALING JAYA: The Authorities may possibly extend the sales tax exemption for new motor vehicles to assist restoration for the car business, which has been facing numerous problems throughout the lockdown, states Dr Wee Ka Siong.

The Transport Minister mentioned the government had launched a sequence of stimulus offers for financial restoration.

“One particular of them is the car or truck income tax exemption for the purchase of new cars and the exemption has been prolonged to 30 June this yr.

“The governing administration is now thinking about the proposal for the extension of the exemption and a final decision will be declared before long,” he reported in a recorded statement at the Federation of Motor and Credit rating Organizations Associations of Malaysia (FMCCAM) annual typical conference right here on Saturday (June 11).

FMCCAM president Datuk Tony Khor also urged the federal government to extend the exemption of profits tax for new motor vehicles, which is set to expire on June 30.

He explained there had been delays in the delivery of automobiles prompted by a worldwide disruption of the supply chain and lack of chips.

Extending the exemption, he reported, would guide to additional prospective car or truck prospective buyers.

The SST exemption was carried out as section of the Penjana stimulus offer, which was intended to mitigate the effects of the pandemic.

The plan was originally scheduled to conclude on Dec 31, 2020, but has been prolonged a few moments, with the latest expiry day set for June 30.

Khor also urged JPJ to look into the probability of facilitating similar day shipping of applied automobiles soon after the bank loan is authorized.

“FMCCAM is also proposing to JPJ to contemplate minimizing street tax by 75% for automobiles which are additional than 15 a long time outdated, 50% for cars which are far more than 10 years old and 25% for motor vehicles which are 5 several years aged.

Dr Wee claimed in spite of the obstacles and problems faced, the business should proceed to uncover ways to strengthen the problem.

“We welcome initiatives that will support financial recovery, and we will glance into the subject to see if the Transportation Ministry can aid to aid this proposal.

“On the proposal to lower road tax for autos which are more than 10 many years outdated, we need to study this proposal further more which will have to be appeared at holistically to make sure the result will advantage the vast majority,” he reported.

Dr Wee also explained he chaired the JPJ Integrated Digitalisation Blueprint briefing at the Transport Ministry in April to appear for the ideal solution to adopting the digitisation procedure of JPJ.

“The ministry is checking out options for JPJ to go electronic and pick the ideal ecosystem that is sustainable and able to advantage the folks the most.

“Specially, the Transportation Ministry is discovering options to digitise and allow for much more core companies to be completed on the internet.

“We want initiatives that will gain people and corporations by creating it simpler to finish their transactions with JPJ,” he explained.

Dr Wee also reported the Ministry has launched e-testing, an automated driving take a look at and instruction program to enhance JPJ’s supply process and driving examination process.

“The [email protected] is a different platform released to deliver a variety of services to consumers and stakeholders as properly as effectively handle grievances of different companies.

“Extra providers will be created accessible on-line in potential to enhance efficiency and shipping and delivery.

“As usually, the Transport Ministry is open up to dialogue sessions and welcomes feed-back from all of you to provide the best companies for the men and women,” he reported.



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