100 pct tax exemption provided for sales of locally-assembled passenger cars

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