Malaysia says aims for lower taxes on most cars

Newswire

KUALA LUMPUR, March 22 (Reuters) - Malaysia aims to cut the effective tax rate on most cars under its new automotive policy, which was outlined in detail on Wednesday. The government said in a statement the new policy would continue to support the domestic car industry through grants and incentives. Previously, the state-controlled car-maker, Proton Holdings Bhd , had received tax rebates.

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