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GST zero-rated: MINI prices reduced by up to RM19k

GST zero-rated: MINI prices reduced by up to RM19k

https://paultan.org/2018/05/18/gst-zero-rated-mini-prices-reduced-by-up-to-rm19k/

BMW Group Malaysia has released a new price list for MINI that will come into effect from June 1, when the goods and services tax (GST) will be rolled back to 0% from the current 6%. The effective removal of GST was announced by the new Pakatan Harapan government two days ago, fulfilling a major campaign promise.

These new prices – which are on-the-road excluding insurance – will remain in effect until the sales and services tax (SST) comes back in to replace GST. The latest update is that it will happen “in two, three months” time according to Tun Daim Zainuddin of the government’s Council of Eminent Persons. That’s a fairly large tax-free window of opportunity, should you want to take full advantage.

Click to enlarge

Without GST, savings range from RM11,241 for the MINI 5 Door Urbanite Edition to RM19,707 for the MINI John Cooper Works Countryman. There are slight variations in the percentage of reduction, which is typically slightly less than 6% flat. This is because 6% GST is only applied on the selling price of a car (and in the case of CBU models, a Puspakom inspection fee), before GST-free registration essentials (road tax, registration fee, ownership endorsement fee) are added on.

Buying a MINI from the official source will also get one four years of unlimited mileage warranty with free scheduled service, and MINI Black Card membership.

The post GST zero-rated: MINI prices reduced by up to RM19k 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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