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Captive insurance companies There is no capital gains tax. Transport minister Datuk Seri Dr Wee Ka Siong said the motor vehicle licence exemption only applies to full EV vehicles. 1 On top of that individuals can also enjoy a personal income tax relief of up to RM2500 for the cost. . In line with the governments allocations under the Budget 2022 the Ministry of Transport Malaysia has announced that electric vehicles EV will be exempted from road tax starting 1-January 2022 to 31-December 2025. Car Insurance Road Tax During Lockdown Exemption for renewal of road tax and driver licences that was originally set to end on 31st March 2021. Friday 26 Mar 2021 530 PM MYT PUTRAJAYA March 26 The government has extended the exemption for private vehicle owners to renew their driving licences LM and Motor Vehicle Licences LKM from April 1 to May 31 said Transport Minister Datuk Seri. Not so long ago JPJ allowed road users to drive. T...

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