After the announcement of the ARF by our Minster of Finance, Motorcycle will be even more expensive for people who planned to purchase one after February.
It is said that ARF will have 3 tiers,
Motorcycle with OMV up to $5,000 will remain at 15%
Motorcycle with OMV up to $10,000 will be subjected to an ARF rate of 50%
Motorcycle with OMV above $10,000 will be subjected to ARF rate of 100%
Why don’t government just implement ARF and COE for bicycle too bodoh..