02 Sep '17, 12pm

@avenseenafauzi

Well Tawaraja, in ASEAN countries including malaysia are in collaboration under AFTA which is Asia free trade area. In 2007 if im not mistaken, many countries like thailand and indonesia and etc has lowered their import duties on cars to trade among asean countries to help in boosting motoring economy. Having said that, partially CKD vehicles and spare parts are created for better cheaper value. But during the agreement of boostering the motoring among asean region, malaysia opted for stepped reducing excise and tax as to protect the national motor company. Thus, the value of tax and excise % is remain highest among all countries. I may not be right but from my point of view stated above is the current policy which impose by our internal affairs, MITI.. malaysia international trade industry. That is why we have AP’s to show black and white clearly on taxes and excise dutie...

Full article: https://kclau.com/wealth-management/new-car-cost/

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