Automotive sector on the road to recovery

Win-win: The extension of the vehicle registration period is a midpoint solution to balance the interest of consumers and national tax revenue, says Tengku Zafrul.

PETALING JAYA: The vehicle sales tax holiday will not be extended beyond June 30, but buyers who have booked their cars during the tax exemption period have until March 31 next year to register their vehicles with the Road Transport Department (JPJ).

Finance Minister Tengku Datuk Seri Zafrul Aziz Tengku Abdul Aziz said this is to ensure that buyers can still benefit from the tax exemption despite the decline in vehicle production amid the shortage of semiconductor chips and global supply chain disruptions, which are also delaying the delivery of new vehicles.