*** KIA Pricing Updates ***
Implementation of Capital Value Tax + Increase in With Holding Tax + 3% further sales tax (conditions apply) .
There are NOW two conditions;
SALES TAX ACTIVE / NON-REGISTERED
SALES TAX REGISTERED/ NON-ACTIVE
Please read following and see attached tables ;
CVT was @ 2% on vehicles with value above 5 Million in budget but later it was reduced to 1% via an ammendment. It is rumored that CVT is NOW applicable on all vehicles 1300cc and above. A clarification is required on this matter.
Besides the CVT and WHT, Government has also imposed Further Sales Tax of 3% on all customers who are sales tax registered but non-active. All customers who are sales tax registered but non-filer will be charged a separate further sales tax of 3% in their price. Pricing table attached.
Lastly, this price updates is because of budget and based on government requirements. Another price increase is rumored and basically because of $ fluctuation in last 2 to 3 months. Again nothing is confirmed.
[ f-w@pakwheels.com]