Importing A Vehicle To Malaysia
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 Oct 25 2008, 03:16 PM
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#1
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Junior Member
9 posts Joined: Oct 2008  
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I have recently purchased an Evo X in Australia, could anyone please give me an idea how much tax I need to pay if I bring the car back next year. I paid AUD70,000 which approximately RM170,000 with current currency rate.
Cheers |
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Oct 27 2008, 06:00 AM
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#2
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Junior Member
9 posts Joined: Oct 2008
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QUOTE(BeastX @ Oct 26 2008, 10:40 AM) Rough estimates... The tax will based on the purchase price or the current market price? Evo X in Malaysia is selling around 300k but from your calculation, it seem like the car will be more expensive than buy one in Malaysia!Assuming that your car would be 1 year old (more than 12 months, 24% depreciation, more than 9 mnths, 20% dep.). FOB val. (depends on custom list)... AUD60k -24%= AUD45.6k CIF val. = AUD45.6k+ AUD684+RM1200 = roughly AUD46.8k Tax = CIF x 157.4% = AUD 73.6k or should be around 130% (instead of 157.4%) for... AUD 60.8k...  This sound ridiculous, why the gov give an AP to everyone work or study overseas but tax them more than a car dealers have. Added on October 27, 2008, 6:03 am QUOTE(gigabyte_PHD @ Oct 25 2008, 09:12 PM) Woooo ! You can get an Evo X in most of the city in Australia, if not you still can buy from interstate. Added on October 25, 2008, 7:43 pm Australia where got Evo X ?  Gtr35 in Australia is currently selling around AUD175,000. Added on October 27, 2008, 6:07 amDoes anyone know the custom department phone number I can call in regard to the tax? I need all your guys comment, please tell me is it worth to send my EVO X back to Malaysia? Cheers This post has been edited by jason5413: Oct 27 2008, 06:07 AM |
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Oct 27 2008, 09:01 AM
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#3
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Junior Member
9 posts Joined: Oct 2008
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QUOTE(BeastX @ Oct 27 2008, 09:15 AM) Based on the custom list... If you can get the dealer list price (from Malaysia) I bet it will be declared well below AUD70k Do you mind if I ask what kind of car you brought back to Malaysia and where was it from? How much it cost all up for your car, does it still cheaper than those in Malaysia market? In Japan the lowest end EvoX is AUD51k (before the eco/currency crisis would have been much lower), custom's price list should be below this... For Aussie cars however you maybe taxed differently, custom officer may add additional cost to the car if they are extra accessories/ICE/Rims, though I escape this scrutiny and my car passed even if I had diamond encrusted rims, (depends on the custom's office mood, I guess). Custom's office phone and e-mail are available on their web page site. You could negotiate with them to lower their evaluated tax price, I got a 40% discount on my tax. With the lower AUD it is are cheaper to buy older stocks (with foreign money) before new stocks come. I did try the phone number in the custom web site but the guy asked me to ring another number. Then I called the number he gave, the person ask me to call another number again, it would never end. It seems like those people don’t know what they are doing, very frustrating. What do you mean by old stock? Do you think I should send my car back or I shouldn’t? |
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Oct 28 2008, 05:49 AM
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#4
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Junior Member
9 posts Joined: Oct 2008
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QUOTE(BeastX @ Oct 27 2008, 01:51 PM) PMed you, lower AUD value now, imports from Jp would be more expensive as Yen now at a 13 (or more) year high. I would think the higher cost would be passed to customers.. Yen is about 35% more to RM a year and 2 months ago. Did you end up paid more than the market price for you car? |
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Oct 29 2008, 11:17 AM
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#5
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Junior Member
9 posts Joined: Oct 2008
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I don't think I will be still sending my car back anymore. No point to pay the f*king tax. Should tell the gov cancel the personal AP, giving you AP but still want to tax you sky high. They just try to rip off their own citizen by money
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Oct 29 2008, 02:52 PM
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#6
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Junior Member
9 posts Joined: Oct 2008
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Really, do you know where I can find out more about the program and also do you know what type of work the gov consider as a professionals.
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Oct 30 2008, 05:47 AM
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#7
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Junior Member
9 posts Joined: Oct 2008
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QUOTE(BeastX @ Oct 29 2008, 12:56 PM) The AP kings are making a profit selling these permits... RM10 to 20k of easy money per permit, Gov earns tax, privilege idividuals earns AP payment, all from the pockets of Citizens... Please advice where can I get the program information?There is a Gov program in which professionals working overseas can bring back a vehicle tax free... as an incentive to prevent brain drain... Added on October 30, 2008, 6:11 am QUOTE(BeastX @ May 14 2008, 05:36 PM) Update.. just got back from custom office... (1st page, first post info in way-way in need of update). I have got a question here, if I bring back a BMW M3 about 9 years old and based on the depreciation table "10% for the following 12 months after 72 months", does it mean that the car will have 100% depreciation and it will be free tax?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 jason5413: Oct 30 2008, 06:11 AM |
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Oct 30 2008, 11:37 AM
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#8
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Junior Member
9 posts Joined: Oct 2008
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I called custom and ask about the professionals working overseas tax free, they told me they haven't got this program. Only a profesional foreigner can get a tax free if they apply the malaysia second home program. How many foreigner will do that, I won't do this if I got the money. I'm sure if malaysia do this to it own citizen, definitely can attract lots of young professional going back.
By the way, is anyone know roughly the custom market list of the 2001-3 BMW M3? |
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Nov 4 2008, 06:17 AM
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#9
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Junior Member
9 posts Joined: Oct 2008
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I haven't owned one but thinking of buying if it worth to send back to Malaysia. It is a BMW E46 M3 come with SMG, the selling price here is around AUD 55000 = RM 132000. I just want to know how much the Malaysia customs going to tax me.
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Nov 17 2009, 05:58 AM
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#10
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Junior Member
9 posts Joined: Oct 2008
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Hi....I'm thinking of bring back my car from Australia to Sabah (E.Malaysia) so just wondering anyone had used the Brunei port before? Any restriction in Brunei?
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Apr 16 2010, 06:32 AM
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#11
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Junior Member
9 posts Joined: Oct 2008
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QUOTE(BeastX @ Mar 24 2010, 04:27 PM) 0 tax..... What about the ownership of the car? Is the 9 months period apply to the program??p.s. If you're a PhD holder you only need 2 years working in that field (listed by the gov) to qualify |
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