Extension of Sales Tax Exemption for the Purchase of Locally Assembled Bus
Updated: Jul 17
Update: The Ismail Sabri Government Budget is no longer applicable. Malaysia's national budget for 2023 was re-tabled again in February 2023.
To Download Revised Budget 2023 Speech and some other related publications - https://www.ccs-co.com/post/budget-2023-malaysia-madani.
This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included in Budget 2023 (Re-tabled) on 24 February 2023.
MOF's response: Off-budget.Current Position
A sales tax exemption of 10% on the purchase of buses, including locally installed air conditioning, is given to eligible bus operators such as:
School Buses,
Stage Buses,
Express Buses,
Excursion Buses; and
Employee Buses.
The sales tax exemption is effective from 1 January 2021 to 31 December 2022.
Proposal [This tax incentive included in Budget 2023, tabled in Parliament on 7 October 2022, was not included in Budget 2023 (Re-tabled) on 24 February 2023]
To reduce the operating costs and assist the bus operators during the transition phase to endemic, it is proposed sales tax exemption be extended for a period of 2 years.
Effective Date
For applications received by the Ministry of Finance from 1 January 2023 until 31 December 2024.
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