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Proton Car prices set to increase with SST

Last update: 09/08/2018
 SHAH ALAM, Aug 9 (Bernama) -- Proton Edar Sdn Bhd expects the prices of Proton vehicles are set to increase by between RM1,500 to RM3,000 with the reintroduction of the Sales and Service Tax (SST) in September.

Hence, its Chief Executive Officer, Abdul Rashid Musa advised the public to buy the car of their choice during the transition from the zero-rated Goods and Services Tax (GST) to SST, to enjoy the savings.

“We expect the price of Proton vehicles to go up after the implementation of the SST even though we have yet to ascertain the accurate figures as the government has yet to announce the tax mechanism.

“The calculation of the price increase (RM1,500-RM3,000) was made based on the GST introduced by previous government to replace the SST where the prices of Proton cars then were reduced by between RM1,500 and RM3,000.

"As such, when the SST is re-introduced, we expect there will be a similar increase in the quantum price," he told reporters after the Proton Wealth on Wheels (WOW) Challenge prize presentation here today.....


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