SHAH ALAM: The Perodua Dealer Association has urged the Government to allow its members to reclaim the 10% sales tax on invoices issued prior to the implementation of the Goods and Services Tax (GST) on April 1.
In a statement, Perodua Dealer Association president Wan Kamal Wan Ismail explained that after April 1, the 10% sales tax will be replaced with a 6% GST.
"This means unsold stocks, which 10% sales tax already paid, will be hit by an additional 6% GST after April 1. Each independent dealer will stand to lose an average of RM230,000 on double taxation after April 1," said Wan Kamal.
"Perodua dealers consist mainly of medium-size companies. Losses on this scale will have a huge impact on our business, especially on our cash flow and profitability," added Wan Kamal.
