The import duties on cars imported from Australia and Japan will be reduced every year until it is eventually abolished in 2016.
According to the New Straits Times, the Malaysian government will first reduce the current import duty of 30% on all new vehicles from Japan and Australia to 22% effective this year. After that, the number will go down every year, until it is finally abolished in 2016.
The New Straits Times says that an official statement on the tariff reduction will be announced today.
Read More:
- Locals Behind Life of Pi's Visual Effects Win at the Oscars
- Safety Mobile Application Developed by Survivor
- Kiplinger Says George Town is Best Place to Retire Abroad
What are your thoughts on this article? Let us know by commenting below. No registration required.
"ExpatGo welcomes and encourages comments, input, and divergent opinions. However, we kindly request that you use suitable language in your comments, and refrain from any sort of personal attack, hate speech, or disparaging rhetoric. Comments not in line with this are subject to removal from the site. "
