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TaXavvy Issue 06/2020
In this issue:
The National Automotive Policy 2020
The Prime Minister has announced the National Automotive Policy 2020 (NAP 2020) today. The NAP 2020 is built upon the NAP 2014 with additional new technological elements, i.e:
Next-generation vehicle (NxGV)
Mobility-as-a-service (MaaS)
Industry 4.0 (IR 4.0)
It sets a vision for Malaysia to become a regional leader in manufacturing, engineering, technology and sustainable development in the automotive sector. This issue cover tax incentives, customs and digital services tax in relation to the NAP 2020.
TaXavvy is a newsletter issued by PricewaterhouseCoopers Taxation Services Sdn Bhd. While every care has been taken in compiling this newsletter, we make no representations or warranty (expressed or implied) about the accuracy, suitability, reliability or completeness of the information for any purpose. PricewaterhouseCoopers Taxation Services Sdn Bhd, its employees and agents accept no liability, and disclaim all responsibility, for the consequences of anyone acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. Recipients should not act upon it without seeking specific professional advice tailored to your circumstances, requirements or needs.
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