The Ministry of Finance has no plans to reduce income tax for B40 and M40 OKU to buy a car
The finance ministry said there are no immediate plans to reduce the disability income tax (OKU) in categories B40 and M40 for the purchase of a motor vehicle. According to Deputy Minister of Finance II Steven Sim Chee Keong, such a proposal would have to be thoroughly studied before a decision on the matter is made. Bernama report.
He added that the government has completely exempted the vehicle excise tax for all people with disabilities and physical disabilities who can drive, provided that the applicant is registered with the welfare department. social welfare, has a valid driver’s license, and the vehicle cannot be sold or transferred for five years. The excise waiver for vehicle purchases is offered every 5 years.
Sim said this during the Q&A session at Dewan Negara yesterday. He is responding to Senator Isaiah Jacob, who asked if the government plans to reduce income tax for people with disabilities in categories B40 and M40 on motor vehicle purchases under RM45,000.
Sim says the current tax relief is deemed sufficient to ease the burden on people with disabilities in categories B40 and M40. “However, the government will always review and improve the current tax policy over time in line with the economic environment,” he added.
Last year, as announced in budget 2022People with disabilities also receive a Completely exempt from road taxwith the discount applicable to all vehicles specially modified for use by persons with disabilities, as well as any locally assembled and CKD automobiles used by persons with disabilities.
