KUALA LUMPUR: The Finance Ministry, together with the Investment, Trade, and Industry Ministry and the automotive industry, is reviewing the vehicle valuation method to ensure that tax is imposed fairly, neutrally, and consistently.
Regarding reports about a significant increase in vehicle prices expected in 2026 due to new excise tax regulations under PU(A) 402/2019-Excise Tax Regulations (Determination of Value of Locally Produced Goods for Excise Tax Purposes, the Finance Ministry clarified that these reports are inaccurate.
