Budget wishlist: extend zero SST, more subsidies to support bus industry

KUALA LUMPUR, Feb 20 (Bernama) - Bus manufacturer Gemilang International Ltd (GML) hopes the government could extend the zero sales and service tax (SST), import duty and excise duty to electric vehicles as well as to electric chargers and associated equipment and software for Budget 2023.

Chairman and CEO Pang Chong Yong said this is to support the nation's bus industry and the industry's shift towards green mobility.

"However, we do not encourage tax exemption and duty-free incentives on completely built-up buses as there are many bus body builders in Malaysia who could assemble electric buses."

"Hence, it would be sufficicent when only electric bus chassis are tax exempted and duty exempted. This is to protect the local manufacturing industry," he said in a statement, today.


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