PURCHASE
OR IMPORT A CAR
Please be informed
that starting from November 2010, the application for tax exemption for the
locally purchased and imported car need to be done through the online
application system at https://smpc.treasury.gov.my/sop/apps/smpc/CertVerificationBI.
Manual application is no longer acceptable.
Ø Car Purchase
The MM2H participant
may purchase one new motorcar made or assembled in Malaysia. He/ she will be
exempted from paying excise duty and sales tax on the new motorcar.
An application to
PURCHASE a new motorcar made or assembled in Malaysia must be forwarded to the
Ministry of Finance within a period of one year from the
endorsement date of Malaysia My Second Home (MM2H) social visit pass.
*Note: Do not make an outright purchase of the
motorcar before obtaining approval for tax/ duty exemption from the Ministry of
Finance. However, a booking for a motorcar may be made prior to obtaining
approval from the Treasury.
Ø Import Personal Car
The MM2H participant
may import one motorcar, which belongs to him/her country of citizenship or
where he/she last domiciled. He/she will be exempted from paying import duty,
excise duty and sales tax on the imported motorcar.
Application to
IMPORT a motorcar from the participant's country of citizenship/ last domicile
must be forwarded to the Ministry of Finance within a period of six
months from the endorsement date of Malaysia My Second Home (MM2H)
social visit pass.
IMPORTANT:
The condition for
the car import is that the MM2H participant should be the owner of the motorcar
for at least 6 months prior to obtaining the MM2H visa, as
evidenced in the motorcar registration document.
*Note:
Ø Participants are only allowed to sell their
imported/ locally purchased car after 2 year's stay on the programme. Should
the wish to sell their imported/ locally purchase car, they are subjected to
repayment of import duty, excise duty and sales tax according to the prevailing
rates.
Ø Importation or puchase of motorcar must be for
personal use only and not for commercial use.
Ø The MM2H participant is eligible for tax/duty
exemption for only ONE car.
