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Excise Duty and Sales Tax Exemption on the Sale or Transfer of Individually owned Taxis & Hired Cars

Updated: Nov 9, 2022

To Download Budget 2023 Speech and some other related publications - https://t.me/YourAuditor/3276


Current Position

In Budget 2012, excise duty and sales tax exemption were given on the sale/transfer/private use/disposal of budget taxis and hired cars subject to the following conditions:

  • limited to individually owned budget taxis and hired cars only; and

  • age of the vehicle must exceed 7 years from the date of registration.

Proposal

To assist individual taxi owners affected by the COVID-19 pandemic, it is proposed excise duty and sales tax exemption on the sale/transfer/private use/ disposal of individually owned taxis and hired cars be reviewed as follows:


  1. the exemption is expanded to:

  2. executive taxis and TEKS1M; and

  3. airport taxis (budget, premier and family).

  4. vehicle age is relaxed to at least 5 years from the registration date.

Effective Date

For applications received by the Royal Malaysian Customs Department from 1 January 2023.



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