Malaysia’s Prime Minister Tun Dr Mahathir has announced that the new SST or Sales and Services Tax will start on 1 September 2018.
From now until the end of August, the 0% GST rates will be implemented which will see prices drop for bikes, cars, and more.
Manufacturers have already begun promoting the new prices plus Hari Raya Aidilfitri promotions.
Gather around folks as this is big news for all Malaysians. Our beloved Prime Minister, Tun Dr Mahathir Mohamad has just announced that the new Sales and Services Tax or SST will be implemented on 1 September 2018.
As promised earlier in the new government’s manifesto, the current Goods and Services Tax (GST) will be abolished and their first step is to start implementing the 0% GST rate beginning next month. This means that all goods and services will see drops in prices, including cars and bikes.
In the next three months of 0% GST tax regime is the best time to buy brand new cars and bikes. In fact, some manufacturers like Harley-Davidson, BMW Motorrad, Moto Guzzi, Ducati, Triumph, Honda, and Yamaha are already starting their 0% GST promotions plus Hari Raya Aidilfitri extras. In short, there’s no better time than now if you’re looking for your dream bike or car at lower prices.
In a press conference made by Tun Dr Mahathir this afternoon, he did not mention the new SST rate. As the previous SST tax sits at 10% prior the introduction of GST, what we can confirm is the fact that there will be new higher prices introduced again in September.
So what are you waiting for? Get your dream machine before the end of August!