Road Tax & Vehicle Duties: How Much Did We Pay From 2022-2024?

Eh, riders! Ever wonder how much masuk goes into the government's pocket from our bikes and cars? The Ministry of Finance (MOF) just revealed some numbers, and it's a *whopping* amount!

Between 2022 and 2024, a total of RM26.47 billion was collected in import and excise duties on motor vehicles and spare parts (RM25.15 billion and RM1.32 billion respectively). On top of that, we also contributed RM9.83 billion in road tax alone!

Where Does All That Money Go?

According to Bernama, the MOF stated that these import and excise duties are collected by Jabatan Kastam Diraja Malaysia (Customs Department). This revenue then goes into the consolidated fund, which funds government projects and operating expenses. Think of it as contributing to better roads (hopefully!) and other public services.

"Import and excise duties are indirect tax revenues collected by the customs department... The revenue collected is channelled into the consolidated fund and used to finance various government development programmes, projects and operating expenditures."

Future Projections: More to Come?

The MOF’s 'Fiscal Outlook and Federal Government Revenue Estimates' report anticipates government revenue from vehicle taxes to reach RM11.1 billion in 2025, and RM11.6 billion the following year. This includes:

• Import duties: RM630 million
• CKD Excise duties (cars + bikes): RM3.97 billion
• CBU Excise duties (cars): RM3.27 billion
• CKD Sales tax (passenger + commercial vehicles): RM2.11 billion
• CBU Sales tax (passenger + commercial vehicles): RM1.13 billion

One major change coming in 2026 is the taxation of fully-imported (CBU) EVs. Currently, they're exempt from import and excise duties, but this will change, potentially impacting their prices.

Cheap Cars or Cheap Petrol? You Choose!

The article points out a tough reality: the government spends a massive amount on fuel subsidies (around RM20 billion annually for RON 95). This begs the question – are we willing to pay more for cars so that we can have subsidized petrol, or vice versa? Food for thought, riders!

Think about it while you're enjoying your next ride!