It looks like the affordable Proton will see an increase in prices as the Sales and Service Tax (SST) is re-introduced later this year (2018).
Earlier this week, we learnt that Goods and Sales Tax (GST) has been abolished for good and SST will make its comeback in September 2018. In light of that, Proton Edar Sdn Bhd predicts that its vehicles’ prices are set to increase “between RM1,500 to RM3,00o”, reported FMT.
Hence, chief executive officer Abdul Rashid Musa said that the transition period from the zero-rated GST to SST is the best time to purchase a car. He was quoted as saying,
“We expect the price of Proton vehicles to go up after the implementation of the SST even though we have yet to ascertain the accurate figures as the government has yet to announce the tax mechanism.”
“The calculation of the price increase (RM1,500-RM3,000) was made based on the GST introduced by the previous government to replace the SST where the prices of Proton cars then were reduced by between RM1,500 and RM3,000.”
Therefore, Proton cars will experience similar increase in the “quantum of price” when SST makes it return. Rashid then further revealed people can still book Proton vehicles as they still have enough stock to fulfil the demand of buyers during the zero-rated GST to SST transition period.
However, he requests buyers not be too picky with the variants and colours if they intend to purchase the vehicles on the spot. Remember not to be fussy over these two aspects, guys!
With that said, if you’re thinking of getting a medium-priced car, you might as well do it during this period of transition, as suggested by Rashid.
Do you think the price increase is significant? Leave us your thoughts below!
Also read: Proton Will Donate RM10 From Every Car Sold to Tabung Harapan Malaysia