2017 New Guideline for Car Tax Incentive
#16
Re: 2017 New Guideline for Car Tax Incentive
Both Mulsanne & Golf GTI no manufacture in Malaysia. Unable to enjoy the tax exemption.
Only 1 car per family application. Only either import your own car (which you need to prove owned the car for more than 3 years) or purchase 1 local assemble tax free.
#17
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Joined: Jan 2017
Posts: 392
Re: 2017 New Guideline for Car Tax Incentive
Will just have to pay full price then
#18
Re: 2017 New Guideline for Car Tax Incentive
If you wanted to import your car from your home country, you must prove that you owned the car for more than 3 years.
If you want to purchase a local assemble car, you can enjoy the tax exemption within 2 years from the day you granted your MM2H visa.
#19
Re: 2017 New Guideline for Car Tax Incentive
I'm in UK and thinking of moving to Iskandar in a few years under MM2H. Disappointed they've changed the length of time you need to own a car in your home country in order to bring it in tax free. What would RM150,000 get you? Any links so I can see what kind of car that would get us? Many thanks!
#20
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Joined: Oct 2015
Posts: 464
Re: 2017 New Guideline for Car Tax Incentive
No have. Check the Malaysia webpages of Toyota, Nissan and Honda. Keep in mind that not all models qualify. Some MM2Hers favourites are the Toyota Fortuner, the Nissan X-Trail and the Honda CRV and HRV for example.
#21
Re: 2017 New Guideline for Car Tax Incentive
The RM 150k is the amount of tax deduction, not the price of the car.
For example, a car selling price RM 300k, tax deduct 30% = 90K
a car selling price RM 600k, tax deduct 30% = 180K, the extra 30K tax need to pay by buyer.
For example, a car selling price RM 300k, tax deduct 30% = 90K
a car selling price RM 600k, tax deduct 30% = 180K, the extra 30K tax need to pay by buyer.
#22
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Joined: Jan 2017
Location: Kuching, Sarawak
Posts: 674
Re: 2017 New Guideline for Car Tax Incentive
Here's a list of approximate car prices in Malaysia https://www.carlist.my/new-car-deals
Toyota Fortuner RM187,000 Proton Perdana RM111,000 Honda Odyssey RM 229,000 Ford Everest RM200,000 KIA Sorento RM156,000 not sure if they all qualify, though.
And here's an article with a list of foreign models manufactured in Malaysia.
The models built in Malaysia and where they are built | Motor Trader Car News
Toyota Fortuner RM187,000 Proton Perdana RM111,000 Honda Odyssey RM 229,000 Ford Everest RM200,000 KIA Sorento RM156,000 not sure if they all qualify, though.
And here's an article with a list of foreign models manufactured in Malaysia.
The models built in Malaysia and where they are built | Motor Trader Car News
#23
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Joined: Oct 2014
Location: Penang
Posts: 618
Re: 2017 New Guideline for Car Tax Incentive
If you want to know the approximate MM2H tax free price for the eligible cars, just check the price for Langkawi on the respective dealers site.
#24
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Joined: Aug 2015
Location: Penang
Posts: 959
Re: 2017 New Guideline for Car Tax Incentive
And here's an article with a list of foreign models manufactured in Malaysia.
The models built in Malaysia and where they are built | Motor Trader Car News
The models built in Malaysia and where they are built | Motor Trader Car News
#25
Re: 2017 New Guideline for Car Tax Incentive
This is what I used but unfortunately it hasn't been updated since 2014:-
Latest 2014 MM2H Car Price List- Latest savings!
Latest 2014 MM2H Car Price List- Latest savings!
#26
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Joined: Jan 2017
Location: Kuching, Sarawak
Posts: 674
Re: 2017 New Guideline for Car Tax Incentive
Yes anyone investing in getting a major purchase like a car would certainly want to ask the dealership if the models were eligible and what the current price and taxes were. I just offered it as a guideline and am hoping someone might supply something that will be useful today, and for the next ten years in the future.
#27
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Joined: Jan 2017
Location: Kuching, Sarawak
Posts: 674
Re: 2017 New Guideline for Car Tax Incentive
This is what I used but unfortunately it hasn't been updated since 2014:-
Latest 2014 MM2H Car Price List- Latest savings!
Latest 2014 MM2H Car Price List- Latest savings!
#28
Re: 2017 New Guideline for Car Tax Incentive
It may be worth noting that GST came into effect on 1 April 2015
The rate is 6%
Vehicles purchased or imported under the MM2H programme are NOT exempt from GST
JC3
The rate is 6%
Vehicles purchased or imported under the MM2H programme are NOT exempt from GST
JC3