1) The freeze on new manufacturing licence will be lifted for selected segments, namely passenger vehicles with engine capacity of 1,800cc and above and that are priced at RM150,000 and above (on the road). Also lifted is the freeze on manufacturing licence for hybrid and electric vehicles, pick-up trucks, commercial vehicles and motorcycles with engine capacity of 200cc and above. There will be no equity conditions imposed on these new manufacturing licences, meaning foreigners can own up to 100% equity in the operations.
2) The freeze on manufacturing licence for rebuilt vehicles (reconditioning and reassembling) is maintained.
3) The current rates of import duty and excise duty are maintained.
4) Increased exemption on statutory income from 10% to 30% for goods that attain at least 30% value-add from local content and from 15% to 50% for goods that attain at least 50% value-add.
5) To prevent under declaration, prices will be gazetted for imported used completely built up (CBU) motor vehicles. At the moment only prices for new CBU are gazetted
6) Companies undertaking design and production of critical and high value-added parts/components such as transmission, brake, airbag and steering systems will be given 100% pioneer status (PS) for 10 years (previously five years) or 100% investment tax allowance (ITA) (previously 60%) for five years.
2) The freeze on manufacturing licence for rebuilt vehicles (reconditioning and reassembling) is maintained.
3) The current rates of import duty and excise duty are maintained.
4) Increased exemption on statutory income from 10% to 30% for goods that attain at least 30% value-add from local content and from 15% to 50% for goods that attain at least 50% value-add.
5) To prevent under declaration, prices will be gazetted for imported used completely built up (CBU) motor vehicles. At the moment only prices for new CBU are gazetted
6) Companies undertaking design and production of critical and high value-added parts/components such as transmission, brake, airbag and steering systems will be given 100% pioneer status (PS) for 10 years (previously five years) or 100% investment tax allowance (ITA) (previously 60%) for five years.
7) To promote hybrid/electric vehicles and development of related infrastructure, local assemblers/manufacturers of such vehicles will be given 100% ITA or PS for a period of 10 years. They will also enjoy an exemption of 50% on excise duty for locally assembled/manufactured hybrid or electric vehicles or provision of grants under the Industrial Adjustment Fund (IAF). Similar incentives will also be given to manufacturers of selected critical components supporting hybrid/electric vehicles.
8) Effective June 2011, the government will prohibit imports of used parts/components. At the moment, there are no restrictions on such imports.
9) Imports of used commercial vehicles will be prohibited effective Jan 1, 2016.
10) Implementation of Euro 4 emission standard for fuel by 2011.
11)In line with the gradual introduction of Vehicle End of Life Policy, all vehicles above 15 years of age will undergo a mandatory annual comprehensive inspection before road tax renewal. After considering feedback from "rakyat", the gov decide to call off this policy. Bravo!!
12) The open AP system used for imports of used vehicles will be terminated by Dec 31, 2015. No new applications for open APs will be considered. Franchise APs will be terminated by Dec 31, 2020.
13) New strategic partnership between Proton and a global established OEM will be formed.
8) Effective June 2011, the government will prohibit imports of used parts/components. At the moment, there are no restrictions on such imports.
9) Imports of used commercial vehicles will be prohibited effective Jan 1, 2016.
10) Implementation of Euro 4 emission standard for fuel by 2011.
11)
12) The open AP system used for imports of used vehicles will be terminated by Dec 31, 2015. No new applications for open APs will be considered. Franchise APs will be terminated by Dec 31, 2020.
13) New strategic partnership between Proton and a global established OEM will be formed.
No surprise, still implementing self protection mode... risking Malaysians life to drive milo tin car for many years to come... Dissappointed
Companies benefit from the new policies will be Proton, Hiro and Ingress
Posts
kanasai.... old car get inspection every year???
ReplyDeleteThey want your Sunny to make more Milo Tin :)
ReplyDeleteNice call on Hiro, swing!!!
ReplyDelete