Breaking news! While carbuyers throughout the nation have been speculating on how the GST implementation will affect the price of car sales, UMW Toyota Motor has provided an insight of what is going to happen after 1st of April in terms of its car prices for all Toyota and Lexus models…
The infographic below should give you the GiST of it (sorry) but stay-tuned as we will update you with more information tomorrow!
UPDATE
Good news travels fast. After Honda Malaysia announced a price reduction of all its CKD models post-GST, UMW Toyota has also announced a price reduction for its models, including Lexus, after the implementation of GST!
In a statement released by UMW Toyota Motors President Datuk Ismet Suki, “There will be price reduction up to RM4,000 or 2% for Toyota and Lexus models. UMW Toyota Motor vehicles will pass 100% of the cost savings to the customers upon purchasing any Toyota and Lexus models during the new tax structure’s implementation.”
Under the GST regime, there are different implications to businesses in various areas ranging from tax computation, collection, refunds, reconciliation to costing, as compared to the existing Sales and Services Tax system.
Affirming UMW Toyota Motor’s support for the implementation of the GST, Datuk Ismet said the company would be transparent in its business transaction and it would strictly adhere to the Price Control and Anti-Profiteering Act 2014.
He advised customers to enjoy the new price reductions of all Toyota and Lexus vehicles and also take the opportunity of the fabulous deals and promotions that UMW Toyota Motor will be offering throughout the year.
Check out the new revised price list for all Toyota and Lexus vehicles beginning 1st April 2015 below:
