The Sales & Service Tax (SST) exemption currently enjoyed by passenger vehicles since June 2020, will end as planned on June 2022. This full waiver covers locally assembled cars with a 50% waiver on imported cars. The program was aimed at helping the automotive sector through the pandemic. We discuss the effectiveness of this initiative and the current state of the industry.

Image Source: PHOTOBUAY, Shutterstock

Produced by: Alia Zefri

Presented by: Lee Chwi Lynn, Sharmilla Ganesan

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Tags:  sst,  tax,  waiver,  vehicle,  sales,  transportation,  automotive,  industry,  cars,  pandemic,  initiative,  Financial Services,  Personal Finance,  investments,  Cars/Motoring