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BeastX
post Nov 17 2007, 11:15 PM

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Outdated info...

latest revision as I know of... (posting 3rd time.....)
user posted image

the max they can charge u now is 165%....... all vehicle types....

sakuraguy,... you r in Japan?...want to bring a car back?...

Stating this the 4th time..

Apply AP from MITI no charge .. except a few ringgit for Form..
No difference if you r a student/profesional..
Live in the country for more than 1 year... own the car for more than 9 months.

10% devalued every for year.... less than 6 years
70% off evaluated value for a 6 year old car..
10% devalued every year after 6 years

Japanese made car get 25% off the initial value too....... then you times the value of the car with engine capacity in the table above... that would be the tax that you need to pay...

This post has been edited by BeastX: Nov 17 2007, 11:25 PM
BeastX
post Nov 18 2007, 08:43 AM

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QUOTE(RaFaLe @ Nov 18 2007, 07:17 AM)
so if the max the cud charge is 165%
if i bring back a used Uk spec mazda 6 or a beemer for 3500GBP=RM24500  laugh.gif
Rm24500 x 165% = RM64925
RM40425:tax imposed.. wink.gif
da*m xpensive.. sad.gif
165% x [above 3L car.. value (depreciate as stated in my previous post)]... 6 years old car and above has the highest tax cut

not sure of the Euro made cars... but Japanese made cars (or brand) have 25% off the initial value of car before depreciation calculation..

there is also appeal where you can get few k RM discount...

Even you get the car for free.. you still need to pay tax based on evaluation and currency of country of origin.

Usually the tax imposed (for 8 years old or more) on car is less than the market value of the car... A RM24.5k car ... would probably be at around RM40k total (tax and cost)
BeastX
post Nov 19 2007, 07:02 AM

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QUOTE(RaFaLe @ Nov 19 2007, 04:57 AM)
so then,i get a 5yr old model / 7 yr
10% de-valuated = 50% / 70%
24500 x 50% = 12250 / 24500 x 70% = 17150
12250 +(12250 * 165%) = 32462 / 7350 + 165%tax= 19477.5

if this;pretty acceptable..i think so.. wink.gif 
if got one for free;lucky enuf la..pay tax oni..LOL
That is not how you calculate... by your methods a 9/10 year old car would be tax free... but it is not...
it is a year by year depreciation... (with the exception of the 6th year) and the value will not reach zero for a infinate number of years...

and It is the retail value of the car brand new...not the price at which you purchased 2nd hand that is used to calculate..Surely the retail price of a mid/high end, 2L BMW cost more than RM24500 brand new.

year and the value of the car remaining .... to be times with 120% for 2L, 165% (for car larger than 3L).

1 st year.. 90%
2nd year.. 81%
3rd year .. 72.9%
4th year .. 65.61%
5th year .. 59.049%
6th year .. 30%
7th year .. 27%
8th year .. 24.3%
9th year .. 21.87%
10th year .. 19.683%
... and so on


You see the huge gap between 5th and 6th years....

A 6 year old car 2L car ...30%value of car x 120%= 36% price of the initial retail price of the car, would be the tax to be paid.

say a car at RM 90k initially after 6 years will still need to pay RM32.4k in taxes

This post has been edited by BeastX: Nov 19 2007, 07:28 AM
BeastX
post Nov 26 2007, 10:21 PM

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QUOTE(feiming @ Nov 25 2007, 09:20 AM)
how about importing from Langkawi?
Same tax... but there will be no need AP
BeastX
post Nov 28 2007, 07:17 AM

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QUOTE(bitterbutter @ Nov 27 2007, 04:53 PM)
Information from people in UK said the car is under your posession for 9 months only? anyone know about this?
Yes.. Stay in the country for more than a year and own the vehicle for more than 9 months...


Added on November 28, 2007, 7:30 am
QUOTE(feiming @ Nov 25 2007, 09:20 AM)
how about importing from Langkawi?
Same tax applies... AP most likely not..

This post has been edited by BeastX: Nov 28 2007, 07:30 AM
BeastX
post Nov 29 2007, 05:15 PM

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QUOTE(shuyina @ Nov 29 2007, 03:41 PM)
hmm if i want buy car from japan...i buy for her 1st then let my sister use for her study and after 4-5 years she give back that car to me...how?must have tax also?can calculate about it for me?
By that time tax would likely have cahnged... as of now..

4th year .. 65.61%
5th year .. 59.049%
6th year .. 30%

Japan made car have 25% off initially... So lets say a 2L, 6 year old car for RM X...

Amount taxed = (0.75)(0.30)(1.20) X = 0.27X, or 27% of RM X, the intial purchase price of car.

Cars in Japan over 3 yo need to pay shaken that is good for 2 years.. this may range from RM 3 to 4k or more...

This post has been edited by BeastX: Nov 29 2007, 05:16 PM
BeastX
post Dec 1 2007, 05:19 PM

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QUOTE(darlyn @ Dec 1 2007, 01:07 PM)
so isit worth it to buy cars like from brunei and bring back to malaysia? after adding all the taxes ? or better to get it in malaysia ?
The most worth for your hard earn cash now/minimal tax, would be ... for a good quality 2nd hand over 6yo cars, There is also a problem of AP... but (as of now) each citizen is entitled once in a life time AP if you stay more than a year abroad..... that is normal citizens.. not the undertable, underdeclared, unethetical, abuse of rights, AP kings

This post has been edited by BeastX: Dec 1 2007, 05:20 PM
BeastX
post Dec 20 2007, 02:07 PM

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QUOTE(steamboat @ Dec 18 2007, 09:15 PM)
what is the detail condition to qualify for a student AP? i hv a fren studying in uk currently for over 2.5 years...
The vehicle has to be under his name, totaly transfered for 9 months.. and he stayed more than a year (which he did)

This post has been edited by BeastX: Dec 20 2007, 02:08 PM
BeastX
post Feb 6 2008, 07:55 PM

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sitting on AP rights.. to charge whatever they desire (may go up to 20k or more).. getting fat/rich for doing nothing but just for the privilage awarded because of contacts... this on top of the high tax... makes the Malaysian system... very flawed

This post has been edited by BeastX: Feb 6 2008, 07:56 PM
BeastX
post Apr 21 2008, 05:52 PM

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QUOTE(craxz @ Apr 20 2008, 05:54 PM)
if my fren in japan, bringin here 2cars, 1 is his, 1 mine... How d taxes will be? He's student... So he'll get d AP right? but for my car?
One AP per person overseas.... He will have to find another Malaysian that qualifies for an AP to bring another car...
BeastX
post Apr 24 2008, 05:41 AM

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QUOTE(craxz @ Apr 23 2008, 01:58 PM)
Ooo.. Thanks... So if he bring in both, the other 1 will be taxed fully charged right? Sigh..
There is no escape from tax... One of the cars will not have the right to land/enter in Malaysia (stuck at the Port)..

AP... Approved Permit to import a car... not a free pass from tax..


This post has been edited by BeastX: Apr 24 2008, 05:45 AM
BeastX
post May 1 2008, 09:41 PM

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1AP (for 1 car) per person... once in a life time... unless the Mal. gov abolish the present rules.. There is no escape from tax (unless you can get, tax exemption for your return to Malaysia,such as high skilled professional)

This post has been edited by BeastX: May 1 2008, 09:46 PM
BeastX
post May 14 2008, 04:06 PM

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Update.. just got back from custom office... (1st page, first post info in way-way in need of update).

calculation as below
» Click to show Spoiler - click again to hide... «


Analysis...best periods/tax.... a day >21months and >60months. <2L engine..

This post has been edited by BeastX: Aug 14 2008, 08:43 PM
BeastX
post May 16 2008, 09:24 PM

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QUOTE(leeys90 @ May 16 2008, 02:49 PM)
I don't really understand how to calculate the tax for import.

For example,

If i buy a car at Australia for RM100,000 and i want to bring back to Malaysia after i stay there for 3 years and above.
How the tax counts? The car is 5.0L.  hmm.gif
According to the custom office

calculations
» Click to show Spoiler - click again to hide... «


This post has been edited by BeastX: May 16 2008, 09:26 PM
BeastX
post May 17 2008, 01:29 AM

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QUOTE(leeys90 @ May 16 2008, 10:51 PM)
But it still worth right? I means how much actually cost in Malaysia if i can buy the car at Australia for RM100,000?
Worth, if you are willing to part with another RM100,000 or so (pure tax) to the government... note that a >5 years old car receives 70% depreciation. If you have a buyer in Malaysia willing to part more money to buy a car off you you have to wait another 2 years after your return before you can transfer name (as the AP stipulates).

also you could look at it this way.. a brand new car (less than a year) would cost you about RM300,000 (value + tax), after 3 years, it will cost you about RM200,000 (value + tax).

You could appeal for more discounts from custom, my calculation is the maximum that they can charge you.
BeastX
post May 17 2008, 01:21 PM

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QUOTE(leeys90 @ May 17 2008, 09:28 AM)
That RM300,000 ( value + tax ) is the cost of buying car at Malaysia or overseas?
buying a brand new car(5L) overseas at RM100,000 for less than a year (but more than 9 months) will be taxed about RM200,000... so total.. would roughly be RM300,000
BeastX
post May 23 2008, 03:29 AM

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QUOTE(Glyyde @ May 22 2008, 10:23 PM)
hm.... interesting topic

say if I buy a 1 year old BMW 320i SE from UK, costing around GBP19k, what would the tax be in, say 5 years time to import it back? That would meant its a 6 years old car wouldn't it?
in the depreciation calculation of a car, over 60 months to 72 months, the car would have 70% depreciation.....so you'll need the car to be over 84 months for the next 10% depreciation... therefore a car over 60 months to less than 84 months (for a period of 2 years) should still be at 70% depreciation. It is best, therefore to get a car just exceeding 60 months old.
BeastX
post Jun 15 2008, 06:04 AM

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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.
BeastX
post Jun 19 2008, 03:04 AM

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QUOTE(flyingfox @ Jun 19 2008, 12:41 AM)
arghh.... I saw a Civic Type R year 2007 only RM90k in Japan. Thinking of buying this 1 and import to Malaysia. Could I just buy an AP from Naza lets say RM50k and just like that? RM90k + 50k = RM140k ? Or I still need to pay alot of crappy taxes eventually much more expensive than buying a new Type R in Malaysia ?
AP cost nothing... taxes will bring it more or less to 180 to 200k
BeastX
post Aug 10 2008, 03:54 PM

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Getting an AP does not omit you from taxes and duties... It is just the right to import.. sadly even this is abuse in this country that a fee is added (inflated artificially) to use the AP which "they" have gotten for free from the government.

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