The vehicle sales tax exemption, which is supposed to expire at the end of next month, has helped boost local vehicle sales and cushion the impact of the Covid-19 pandemic.
PETALING JAYA: UMW Holdings Bhd
’s automotive segment is expected to continue performing strongly, driven by an anticipated tax holiday extension and steady sales performance from 38% associate, Perodua.
The vehicle sales tax exemption, which is supposed to expire at the end of next month, has helped boost local vehicle sales and cushion the impact of the Covid-19 pandemic.
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