Perodua asks gov’t to consider extending sales tax exemption, says it will help industry maintain growth

0
45

Like different carmakers, Perodua hasn’t been immune to the consequences of Covid-19, which has disrupted component supplies as well as production, however whereas these points are nonetheless current, the nationwide automaker mentioned it was ready to work with its suppliers and sellers to reduce their impression.

This is mirrored by the improved sales numbers for the primary quarter of 2022, through which it offered 61,624 autos, a rise of 6.4% from 57,909 registrations it recorded in the identical interval final yr. It registered 26,759 autos in March, a 9.5% improve from the 24,433 models offered in the identical month final yr, and a 53.2% leap from the 17,421 models it completed in February.

While the corporate is continuous its efforts to expedite supply of autos to its prospects earlier than the sales tax exemption deadline ends on June 30, Perodua president and CEO Datuk Zainal Abidin Ahmad is hoping that the federal government will consider extending the sales tax exemption past the interval, as requested by the Malaysia Automotive Association (MAA).

“Perodua echoes the MAA’s request to further extend the sales tax exemption as factors such as the global semiconductor supply disruption and Covid-19 cases are still impacting the industry,” he mentioned, including that such a transfer would go a great distance in aiding the industry.

“Right now, the local automotive ecosystem is starting to recover and an extension in the sales tax exemption is what the industry needs for sustained growth during this recovery period,” he defined. He mentioned that the automotive industry, together with its native ecosystem, was ready to maintain demand excessive and maintain the industry all through the worst of the pandemic thanks to the sales tax initiative by the federal government.

The SST exemption has been prolonged thrice since then-prime minister Tan Sri Muhyiddin Yassin introduced it back in June 2020. Originally slated to finish on December 31 that yr, the deadline was then pushed back at the last moment to June 30, 2021. Another six-month extension was given in May 2021, adopted by the most recent, which was confirmed during the tabling of Budget 2022 in October final yr. Will there be a fourth extension?

Source link