According to The Edge Market, Proton Edar Sdn Bhd expects the prices of Proton vehicles to increase by between RM1,500 and RM3,000 with the reintroduction of the Sales and Service Tax (SST) in September.
“We expect the price of Proton vehicles to go up after the implementation of the SST even though we have yet to ascertain the accurate figures as the Government has yet to announce the tax mechanism,” says Chief Executive Officer Abdul Rashid Musa.
“The calculation of the price increase (RM1,500-RM3,000) was made based on the GST introduced by previous Government to replace the SST where the prices of Proton cars then were reduced by between RM1,500 and RM3,000. As such, when the SST is re-introduced, we expect there will be a similar increase in the quantum price,” he added.
The public can still book all Proton vehicles now as the stocks are still sufficient to meet the demand during the transition period from zero-rated GST to the SST, he said, adding that, however, he hoped they would not be too choosy with the variants and colours if they want to buy them immediately.