UPDATE 2-Malaysia rejigs car taxes, scraps Proton rebate

Newswire

(Recasts with additional comments by officials, details) By Jalil Hamid KUALA LUMPUR, Dec 24 (Reuters) - Malaysia will cut duties on cars imported from other Southeast Asian nations from Jan. 1 but raise excise duties and ensure local car makers still enjoy some advantages, officials said on Friday. The finance ministry said in a statement it would cut import duty to 20 percent, from rates as high as 190 percent, to meet the free-trade rules of the 10-member Association of Southeast ...

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