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Values of imported cars - From Treasury website
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<blockquote data-quote="anxious" data-source="post: 123765" data-attributes="member: 193"><p>No its not the pricing of new cars.From what I understand its the base price on what customs is going to tax the cars imported...CBU.</p><p></p><p>Previously an importer would give a value to a car he imports and sometimes this value may be ridiculously low but somehow customs uses it! For example Golf GTI valued at RM25000#@%@?</p><p></p><p>Anyways to overcome this problem of under declaring customs has now standardise the value as set out in the Treasury website.</p><p></p><p>see <a href="http://www.treasury.gov.my/index.php?ch=37&pg=128&ac=1501&lang=eng" target="_blank">http://www.treasury.gov.my/index.php?ch=37...c=1501&lang=eng</a></p><p></p><p>Now this method is not new.Infact I believe Singapore calculates its tax on a similar method.</p><p></p><p>See <a href="http://app.lta.gov.sg/motoring_vo_omv.asp" target="_blank">http://app.lta.gov.sg/motoring_vo_omv.asp</a></p><p></p><p>Also see </p><p></p><p><a href="http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/car_cost.MainPar.0028.File.tmp/Car_Cost_2005.pdf" target="_blank">http://www.onemotoring.com.sg/publish/onem...r_Cost_2005.pdf</a></p><p></p><p>How it works out is left to be seen?</p></blockquote><p></p>
[QUOTE="anxious, post: 123765, member: 193"] No its not the pricing of new cars.From what I understand its the base price on what customs is going to tax the cars imported...CBU. Previously an importer would give a value to a car he imports and sometimes this value may be ridiculously low but somehow customs uses it! For example Golf GTI valued at RM25000#@%@? Anyways to overcome this problem of under declaring customs has now standardise the value as set out in the Treasury website. see [url=http://www.treasury.gov.my/index.php?ch=37&pg=128&ac=1501&lang=eng]http://www.treasury.gov.my/index.php?ch=37...c=1501&lang=eng[/url] Now this method is not new.Infact I believe Singapore calculates its tax on a similar method. See [url=http://app.lta.gov.sg/motoring_vo_omv.asp]http://app.lta.gov.sg/motoring_vo_omv.asp[/url] Also see [url=http://www.onemotoring.com.sg/publish/onemotoring/en/lta_information_guidelines/buy_a_new_vehicle/car_cost.MainPar.0028.File.tmp/Car_Cost_2005.pdf]http://www.onemotoring.com.sg/publish/onem...r_Cost_2005.pdf[/url] How it works out is left to be seen? [/QUOTE]
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