Zero-rated GST preview will save you up to RM10,638 on KIA cars until May 31

KUALA LUMPUR: Post the announcement made by the finance ministry to fixate the GST figure to 0%,  Naza Kia Malaysia is all set to release the new price list of Kia vehicles without the six percent GST. However, following the footsteps of some other automobile companies, they have decided to soak up the cost of GST till May 31 before the new rule sets in and gets the price to be zero-rated GST from June 1.

The new policy has brought in another welcome advantage in the scheme of things for the buyers, as they will receive an immediate concession on the four-wheelers purchased from May 18.

According to the official statement of Naza, buyers will have the advantage of rebate until the Goods and Service tax is reintroduced in the tax structure. The head of the Government's Council of eminent person, Tun Daim Zainuddin, came up with a statement that the new tax regime will be implemented in 2 to 3 months’ time. Until then, the general masses can enjoy the benefit from savings.

The numbers on the savings will be around RM 10,638.05 for the KIA Grand Carnival 2.2 SX and RM2,808 for the Picanto. Interestingly, savings on the likes of Grand Carnival 2.2 CRDi EX and Sorento 2.2 CRDi HS will also cross the RM 10,000 mark.

Amidst all the changes that are taking place in light of newer taxation policy, Naza sniffed out an opportunity to crop some of the models out of the list. The Cerato range has been trimmed down to just one model, the 1.6KX, while the top end 2.0 SX has been discontinued. This could probably be sighting of the arrival of newer models.

However, the top 2.0SX is not the only model that has been shown the way to exit. The Rio Sedan and Sorento 2.2 CRDi LS has also been taken out of the picture and so has the RM3,498 Novus S package of the Picanto.