Lift duties on imported cars for six months, says economist

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An economist says Proton and Perodua should be made to face global competition.PETALING JAYA: An economist has proposed that duties be removed on imported cars for six months as a trial towards ending protectionist measures for the Malaysian motor industry. Speaking to FMT, Barjoyai Bardai said Malaysia would ultimately have to dismantle all forms of protection for the industry. Under the present tax structure, imported passenger cars are subject to import duties, excise duties, and sales tax. Malaysian carmakers like Proton and Perodua are also subject to excise duties and sales tax. There are no import duties for cars from countries which are part of an Asean free trade agreement, while cars from countries with Most Favoured Nation status are subject to import duties of 30% for completely built-up cars and 10% for locally assembled cars. Excise duties range from 75% to 105% depe…