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GST zero-rated: Honda absorbs 6% GST for Civic, City, CR-V and HR-V; rebates up to RM9.5k – May 18-31

GST zero-rated: Honda absorbs 6% GST for Civic, City, CR-V and HR-V; rebates up to RM9.5k – May 18-31

https://paultan.org/2018/05/18/gst-zero-rated-honda-absorbs-gst/

Honda Malaysia has announced a GST Bonus programme that will see it absorb the 6% GST (Goods and Services Tax) on selected vehicles. This, after the newly-formed Government revealed that it will roll back GST to 0% (effective June 1) from the current 6%.

The Honda models applicable for this are the City (non-hybrid), Civic, CR-V and HR-V. As expected, the rebates get bigger the more expensive the car is, ranging from RM4,282 for the City 1.5 S all the way up to RM9,497 for the CR-V 1.5 TC-P in White Orchid Pearl. These rebates go on top of those already offered for Honda’s “Welcome Ramadan Rewards” campaign, resulting in a saving of up to RM11,497.

Click to enlarge

Other models such as the Jazz, Jazz Hybrid, BR-V, Accord, Odyssey, Civic Type R and City Hybrid are not eligible. Instead, those models are only entitled to the aforementioned Ramadan bonus.

The GST Bonus programme starts from May 18 to May 31. Honda Malaysia will soon announce its new vehicle pricing prior to the re-introduction of the Sales and Services Tax, or SST. In the meantime, you may read in further detail on how GST affects the selling price of a car, here.

The post GST zero-rated: Honda absorbs 6% GST for Civic, City, CR-V and HR-V; rebates up to RM9.5k – May 18-31 appeared first on Paul Tan’s Automotive News.

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via Paul Tan’s Automotive News https://paultan.org

May 18, 2018 at 03:47PM
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