18 May '18, 4am

GST zero-rated: VW prices down in June, up to RM17k

GST zero-rated: VW prices down in June, up to RM17k

We’ve heard from Toyota , and now it’s the turn of Volkswagen Passenger Cars Malaysia (VPCM) to release a price list without the 6% goods and services tax (GST), which will be zero-rated from June 1, 2018. The rolling back of GST rates was announced by the new Pakatan Harapan government two days ago. These new prices – which, typical for VPCM, are nett prices excluding registration and insurance – will remain in effect until the sales and services tax (SST) comes back in to replace GST. The return of SST was not mentioned in the 0% GST announcement two days ago, but the finance ministry confirmed yesterday that SST will be back , although no date was given. Without GST, savings range from RM4,400 for the Polo to RM17,102 for a Golf R . Note that VPCM has also made slight pricing adjustments – the Tiguan Comfortline’s new price is more than 6% lower than the previous RRP, w...

Full article: https://paultan.org/2018/05/18/gst-zero-rated-vw-prices-d...

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