Proton announces lower prices of its vehicles across the board following the government’s sales tax exemption of vehicles, as part of the Penjana Economic Recovery Plan. The sales tax exemption is effective from 15 June 2020 until 31 December 2020.
For CKD vehicles, this effectively means the current sales and services tax (SST) of 10 per cent is zero-rated. This tax holiday is similar to when the six per cent goods and services tax (GST) was abolished in 2018.
The Saga gets a marginal reduction of up to MYR500, or 1.4 per cent, while the Iriz is cheaper by MYR800 or 1.58 per cent.
Moving up, the Persona gets a reduction of up to MYR900 or 1.65 per cent.
Meanwhile, the Exora receives up to MYR2,500 cut or 4.18 per cent.
If you’re in the market for an SUV, then you’ll benefit from the discounts you’ll be getting for the X70, which is the biggest beneficiary of the sales tax exemption. The premium SUV gets up to MYR7,000 (for the Premium X 2WD) or a discount of 5.7 per cent.
The standard 2WD model is MYR4,900 cheaper or 5.17 per cent, pushing the price down to just under MYR90,000.
As pointed out by Paul Tan, the X70 was the only new car to be launched after the 2018 zero-rated tax exercise, which explains why the model gets the largest drop in price as compared to other models. During the 2018 tax holiday, reduced car prices became permanent and when the tax was reintroduced in September 2018, Proton continued to absorb the tax.
Full price list below:
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