How long do have to own my tax-free CKD vehicle purchased through the REP, before selling? Will I be responsible for paying tax on the vehicle when I sell it?
Once you have purchased your CKD vehicles tax-free, you must have them in possession for a minimum period of two (2) years before you are allowed to sell them off to a third party.
In the event the approved Applicant intends to sell the vehicle after the 2-year period, then the approved Applicant is required to obtain prior approval from Ministry of Finance and pay the remaining duties and/or taxes to the Royal Malaysian Customs Department prior to the sale. Please refer to the Ministry of Finance for more information on this.
Vehicles cannot be sold or its ownership transferred (penukaran hak milik) without paying excise duty and sales tax calculated by the Royal Malaysian Customs during the sale or ownership transfer.