NATIONAL ECONOMIC RECOVERY PLAN (PENJANA)
100 pct tax exemption provided for sales of localy-assembled passenger cars
05/06/2020 04:51 PM
KUALA LUMPUR, June 5 -- The government will give a full sales tax exemption on locally-assembled passenger cars in an effort to promote the growth of the country’s automotive industry.
This tax incentive was announced by Prime Minister Tan Sri Muhyiddin Yassin in a special address on the Short-term Economic Recovery Plan (PENJANA) broadcast live over television and radio today.
He also announced a 50 per cent sales tax exemption for imported passenger cars for the period of June 15 to Dec 31, 2020.
-- BERNAMA
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