Govt loses RM4.8bil from SST exemption on purchase of vehicles

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the SST exemption had been extended for three times since, and the ministry is currently studying the impact and weighing its next action

PUTRAJAYA: The current sales and service tax (SST) exemption for the purchase of vehicles, which was first announced on June 5, 2020 and is set to end on June 30, 2022, has resulted in the loss of RM4.8bil in revenue to date.

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said the SST exemption had been extended for three times since, and the ministry is currently studying the impact and weighing its next action, Bernama reported.