QUOTE(neuFERT @ Jun 14 2008, 12:52 PM)
under The Malaysia My Second Home (MM2H) programme,
One of the fringe benefits from this programme is the option for successful applicants to either import one (1) used car that belongs to the applicant personally from his or her country of residence (subject to Approved Permit but exempted from payment of import duty, excise duty and sales tax if done within 6 months from MM2H pass endorsement date) OR to purchase one (1) locally made passenger car in Malaysia which is exempted from payment of excise duty and sales tax (within 1 year from MM2H pass endorsement).
For foreigners... especially retired people... Like many Japanese have done so... bringing in their high powered/big cc euro made cars.One of the fringe benefits from this programme is the option for successful applicants to either import one (1) used car that belongs to the applicant personally from his or her country of residence (subject to Approved Permit but exempted from payment of import duty, excise duty and sales tax if done within 6 months from MM2H pass endorsement date) OR to purchase one (1) locally made passenger car in Malaysia which is exempted from payment of excise duty and sales tax (within 1 year from MM2H pass endorsement).
Jun 15 2008, 06:04 AM
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