I did. The fee quoted for the service is around RM10k-RM15K. I feel it is too much as he doesn't take into the account the severe depreciation of our cars after few years and with the additional fee we need to pay him and possibly to the government, we may as well just keep the car.

If for 2 years car, pay back tax is around 30% from the tax u save when u bought Ur car..

I doubt that selling the REP requires the services of an agent. At a rate of RM10k, I might as well use my leave to go to MOF, KASTAM and JPJ to settle the sale of my REP car. Even if I need 10 days to do the running around, it will still be cheaper than RM10k.

Why would there be a severe depreciation of the REP car? It would just follow the normal market price of a 2nd hand car. As I understand, the buyer will buy at market price and our "profit" is actually the depreciated tax that will be paid to Customs.

Just got this email.
----------------------

NOTICE ON GOODS AND SERVICES TAX (GST) RELATED TO THE CAR TAX EXEMPTION UNDER THE RETURNING EXPERT PROGRAMME

Following the introduction of the Goods and Services Tax (GST) on 1 April 2015, the Ministry of Finance (MoF) have confirmed that the GST will be charged on the tax exempted car of all successful applicants under the Returning Expert Programme (REP) approved after 1 April 2015. This 6% GST is separate from the exempted RM150,000 taxes and duties related to the purchase or import of the car.

However, successful REP applicants whose applications were approved before 1 April 2015 are exempted from GST. This exemption is valid for a period of up to two years from the date of the approval letter issued by TalentCorp.

Effective immediately, successful REP applicants approved after 1 April 2015 will have to apply for the tax exemption of their car online at http://smpc.treasury.gov.my.

Meanwhile, successful REP applicants approved before 1 April 2015 will have to manually apply for the tax exemption on their car to MoF's Bahagian Cukai.

For further information/clarification, kindly contact us at: +603 8892 3800 from 9am-6pm (Mondays to Fridays) or e-mail: rep@talentcorp.com.my

Thank You.

Regards,
REP SECRETARIAT
Talent Corporation Malaysia Berhad

Has anyone purchased a Mazda CX5. What is the price of the 2L and 2.5L (CKD under Talentcorp). Thanks

you only get 10-15k less the current selling price. IMO its not worth it.

Thanks for the info.

Anyone did the GST exemption at MOF directly? I cant get any info from their site...and all calls rings off the hook. Typical gomen sector.

Any documents apart from the surat akuan to bring?

EDIT: never mind...got the form and list from REP site

This post has been edited by WildChai: May 12 2015, 03:07 PM

hi guys, any idea on peugeot new 308 price after tax?

Good morning to all sifus,
anyone can share the contact detail of a nissan representative who is an expert in REP tax free cars? planning to gete a Nissan car. Thank you in advance.
chizzu

This post has been edited by limo82: May 18 2015, 11:21 AM

anyone bought a Ford Focus using REP tax free? or do you know how much is the discount?

thanks in advance

my bad just saw this message.

The one i went is at Setia Alam but they changed to Renault showroom tho. overall those big Tan Chong showrooms should be quite well versed with REP. hope that helps.

For Focus is not under REP tho. but the closest to ford focus is Volvo V40 which is sharing same platform the V40 T4 is using ford ecoboost 1.6 turbo with ford's dual clutch gearbox adds more luzury feel to it

thanks for the info... luxury feel... not bad :-)

and it is one of the cars that has a very good price for REP applicants. you are looking at around 70k difference from the retail price

Hi everyone, nice to find a forum discussing REP duty exempt car. I wonder why we only get 25-30% discount from Auto Dealer when the Excise duty rate 90-105% (above 2000cc) plus 10% sales tax as per MAA website http://www.maa.org.my/info_duty.htm

Thanks

the price for the tax exemption is determined by the customs. It does not include the profit

So now u know how big the profit margin car manufacturers made

Thanks Chizzu.

I'm reading the Panduan for SMPC. In this dokumen sokongan part:



For no. 3 - Anyone know why they need kad pengenalan anak, do I need to submit them if the car is going to be registered to my name not my children.

For no. 4 - Salinan kad pendaftaran kenderaan atau geran kenderaan atau invois belian. Is this needed or this is for bring in own used car from oversea etc.

For no. 5 - What it mean by 'Surat kelulusan Kementrian Sumber Manusia' which surat is that. I only got surat kelulusan REP and surat akuan kembali.

Thanks.
Han.

I'm learning this image embedding stuff, here a bigger picture.

Just go to the car dealer to ask for REP programme. they will assist in the documentation

I have done myself before and also another case the car dealer prepared all the docs for me.

Would be best if you can get them to do it or you

Any REP purchaser realized that buying a car with EEV incentive will incurred higher cost when we sell the car. Let’s take Mercedes C200 as example because this is the car that can compare before and after EEV price for REP.

Before EEV
Selling price RM268,888 REP price RM188,523.51 (with GST)
(Assuming a tax reduction of 30%)
After EEV price
Selling price RM248,888 REP price RM 208,870.25 (with GST)
The price increase due to EEV incentive that REP is not entitled. We have to pay the extra RM20,000.

Selling the car after 2-3 years
Estimated market price at 50% depreciation RM124,444

Cost to REP purchaser
Tax you have to pay back for selling the car based on market value RM124,444*30%=RM37,333.
REP Initial Purchase Price depreciation of 50% RM208,870.25= RM104,435.
TOTAL COST for REP RM141,768 but you can sell only at market price RM124,444. So you loose quite a lot. Even you sell after 5-7 years there is still a loss to REP buyer compare to non-REP.

Some might say just don’t buy car with EEV incentive. There will be more car with EEV incentive in the future as the car are getting more fuel efficient. Mazda all sky activ engine, Mercedes c200, Honda City CRV. So for all REP who has not purchase the car or FUTURE REP there isn’t an incentive to us but a burden.
I have checked with TalentCorp and they will revert in 5 working days.

This post has been edited by egoiste.rm: Nov 7 2015, 04:04 PM