Incentives

CAR PURCHASE/IMPORT PERSONAL CAR

Car Purchase

Approved participants of Malaysia My Second Home Programme are provided with various incentives to make their stay more comfortable and enjoyable in Malaysia.

Please be informed that starting from November 2010, the application for tax exemption for the locally purchased and imported car need to be done through the online application system at https://smpc.treasury.gov.my/sop/workdesk/login.jsp and manual application is not acceptable.

The MM2H participant may purchase one new motorcar made or assembled in Malaysia. He/ she will be exempted from paying excise duty and sales tax on the new motorcar.

An application to PURCHASE a new motorcar made or assembled in Malaysia must be forwarded to the Ministry of Finance within a period of one year from the endorsement date of Malaysia My Second Home (MM2H) social visit pass.

Note: Do not make an outright purchase of the motorcar before obtaining approval for tax/ duty exemption from the Ministry of Finance. However, a booking for a motorcar may be made prior to obtaining approval from the Treasury.

Import Personal Car

The MM2H participant may import one motorcar, which belongs to him/her country of citizenship or where he/she last domiciled. He/she will be exempted from paying import duty, excise duty and sales tax on the imported motorcar

Application to IMPORT a motorcar from the participant's country of citizenship/ last domicile must be forwarded to the Ministry of Finance within a period of six months from the endorsement date of Malaysia My Second Home (MM2H) social visit pass

IMPORTANT: The condition for the car import is that the MM2H participant should be the owner of the motorcar for at least 6 months prior to obtaining the MM2H visa, as evidenced in the motorcar registration document.

Note

1. Participants are only allowed to sell their imported/ locally purchased car after 2 year's stay on the programme. Should the wish to sell their imported/ locally purchase car before 2 years, they are subjected to repayment of import duty, excise duty and sales tax according to the prevailing rates.
   
2. Importation or puchase of motorcar must be for personal use only and not for commercial use
   
3. The MM2H participant is eligible for tax/duty exemption for only ONE car
   

DOCUMENTS

1. Bringing in Personal Car With Duty / Tax Exemption
   
2. Bringing in Second Car
   
3. Application Form for Tax Exemption (Personal Car)
   
4. Application Procedure For Bringing in Personal Car with Duty/Tax Exemptions