One of the government's focus for next year is the development of green technology and also the use of green energy to reduce pollution issues in the country. In connection with that, the government has also made an announcement on the purchase and sale of electric vehicles.
Tengku Datuk Seri Utama Zafrul Aziz has announced during the 2023 Budget that import duty and excise will be exempted for imported CBU type vehicles until 31 December 2024. Meanwhile, the Approved Permit (AP) fee for the import of electric vehicles will also be postponed until 31 December 2023 for companies that import these vehicles.
To help develop local EV charging infrastructure, companies developing EV charging technology will be given a 100 percent income tax and investment tax exemption on income from assessment year 2023 to assessment year 2032.
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