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Price cut for five makes of cars under SST
Published on: Wednesday, September 12, 2018

Kuala Lumpur: Several makes of cars, including imported ones, recorded a price reduction of up to RM3,000 after the implementation of the Sales and Service Tax (SST).

Finance Minister Lim Guan Eng (pic), when announcing the matter, said the five makes were Perodua, Honda, Toyota, BMW and Volkswagen.

"I have received information that several makes of cars whose prices when compared to the Goods and Services Tax (GST) are much lower.

"This is because we don't collect as much (tax) compared to the GST, the prices of goods can be flexible and it is also adopted by the Government to ensure prosperity for the people," he told reporters at a press conference, here, Tuesday. Lim said the price of a Axia car after the implementation of the SST was RM40,390 compared with RM41,497, a drop of RM1,107 during the imposition of the GST.

"For the Myvi 1.5 car, the price is now RM54,090 compared with RM55,300, Honda Jazz 1.5 is now priced at RM83,633 (previously RM85,750), Toyota Vios RM93,200 as against RM93,980 previously while the Volkswagen Polo is only RM74,900 compared with the current price of RM76,888 with GST," he added.

Besides the five makes of vehicles, Lim said the BMW 118i brand also saw a price drop of RM3,000 to RM185,800 from RM188,800.

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