The Malaysian government beginning Jan. 1 will cut import duties on vehicles from the 10-member countries of the Association of Southeast Asian Nations (ASEAN) to 20% from as much as 190%. To make up the loss of revenue, the government is bumping excise duties to as much as 250% from a current low of 60% to ensure its national car companies continue to enjoy advantages over imports. Prices of Malaysia’s Proton national car will be on par with imports. The import tax reduction will ...
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