Planning on buying a locally assembled motorcycle with an engine capacity of 150cc and below? Well, folks here is the good news! Prime Minister, Tan Sir Muhidyinn recently announced that locally-assembled (CKD/ Completely Knocked Down) motorcycles with an engine capacity of 150cc and below get a 100% tax excise duty exemption from 1st April 2021 – 31st December 2021! The announcement of the tax exemption was made on the 17th of March 2021 together with the announcement of PMERKASA [Strategic Program to Empower the People and the Economy]. Besides the announcement, more in-depth details on the tax excise duty exemption haven’t been released yet.
With the 100% tax excise duty exemption the prices of 150cc and sub-150cc CKD motorcycles are expected to drop. So if you are looking to buy a locally assembled motorcycle with an engine capacity of 150cc and below, this might be a piece of good news for you. Take note and be sure to follow up with us for more details!
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