Mitsubishi Motor Malaysia slashed vehicle prices by up to RM8.7k following zero-rated GST

KUALA LUMPUR: Mitsubishi Motors Malaysia (MMM) has revealed a new price list for its entire model lineup following the announcement made by the Pakatan Harapan government last week. According to the government announcement, the Goods & Services Tax (GST) which currently stands at 6%, will be completely removed effective June 1, 2018. This has made Mitsubishi Motors Malaysia reduce their prices by up to RM8.7k.

The new on-the-road prices excluding insurance will continue until the Sales and Services Tax (SST) replaces GST. There hasn’t been any official confirmation regarding the start date of SST, but according to Tun Daim Zainuddin, head of the government’s Council of Eminent Persons, it will take anywhere between two to three months to implement the SST.

The minimum amount of savings due to GST removal will be of RM4,314 for the Triton Quest which is currently priced at RM77,390, while the Outlander 2.4L which is currently priced at RM154,988 will get the maximum saving benefits of RM8,712.

You may notice that the differences listed above are not exactly 6%. That’s because GST is only applied to the selling price of the car. The road tax, registration fees and ownership endorsement fee are being later added in the selling price of the car (without GST) to calculate On-the-road price without insurance.

Not to forget, Mitsubishi Motors Malaysia is already running its Hari Raya promotion under which they are offering discounts starting from RM4,000 on the entire model lineup of Outlander and Triton. So, that’s a double bonus for buyers from June 1.