GST zero-rated: Honda absorbs 6% GST for Civic, City, CR-V and HR-V; rebates up to RM9.5k – May 18-31
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.
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.
via Paul Tan’s Automotive News https://paultan.org
May 18, 2018 at 03:47PM