KUALA LUMPUR: Volkswagen is maintaining its vehicle prices, following the implementation of GST (goods and services tax) on April 1.
In a statement, Volkswagen Group Malaysia managing director Armin Keller said the mathematics of the GST is not as simple as finding the difference between 10% (sales tax) and 6% (GST).
"There is a different tax treatment for different models at different supply chain stages. Our calculation shows that, in general, the GST is neutral on car prices, meaning that it will not see any immediate increase or decrease in vehicle prices," he explained.
"This applies to every model and Volkswagen is committed to maintaining its current vehicle prices post-GST," said Keller.
Volkswagen maintains prices post-GST
By CARSIFU | 1 April 2015