Excise Duty and Sales Tax Exemption on the Sale or Transfer of Individually owned Taxis & Hired Cars
Updated: Nov 9, 2022
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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.
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:
the exemption is expanded to:
executive taxis and TEKS1M; and
airport taxis (budget, premier and family).
vehicle age is relaxed to at least 5 years from the registration date.
For applications received by the Royal Malaysian Customs Department from 1 January 2023.
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