Follow MyMM2H on......

Facebook Page Twitter
application-online
Car Purchase Print E-mail

Is a participant who buys a second-hand local car eligible for tax exemptions?

Second hand cars are transacted on a willing buyer, willing seller basis and the government do not levy any sales tax and excise duty on such transactions. As such tax exemptions do not arise. However, second hand cars which are imported are subject to sales tax and import duty at the point of entry.


If I had a car accident and as a result I need to change the car, do I have to pay back the tax exemptions?

Given the following situations:

  • i. If the car is repaired and sold it will be subject to the applicable tax/duty according to the prevailing rates.
  • ii. If car is written off, taxes will be waived.
  • iii. If the participant wishes to buy another car, their application will be processed on the merit of each case. Under normal circumstances a participant of this program is allowed tax exemption for a car on a one time basis.

When can I sell the car, which has been given all the tax exemptions?

Cars that have been exempted from taxes and duties under this program can be sold or its ownership transferred provided the prevailing taxes and duties on the car have been paid prior to the transaction. However, for imported cars the condition stipulated in the AP should be complied before any sale or transfer can be permitted.

 

Currency Converter by Google

Convert   into    

Licensed by

Ministry of Tourism, Malaysia Tourism Malaysia Imegresen Malaysia Malaysia My Second Home

Member of

SME International