Malaysia Cuts Import Car Tax, Hikes Excise Duties

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