RECENTLY Myanmar issued new custom law with regard to car license. According to new law, people have to pay only 2% tax, much drop from current 30%. The news make the market cool down with the prospect of further reducing trend. Our people have paid extreme price to own a car in past. In the wake of civilian government, a lot of policies reviewed to ease people's life. Of course, car market is not exception. Nowadays price is quite impossible in last 2 years. Following relax regulation, more people afford to buy car and our roads have been congested visibly as a consequence. Anyway it is good to see new model cars on road to verify current leaders are doing something for people.
Get back to track, recent new law allowing car import tax to 2% only with condition. The condition is that the car must be manufactured in ASEAN nation. However, foreign branded cars produced in third nation also not eligible. Then how? It must be ASEAN country's own brand. Say, Honda cars produced in Thailand cannot get that privileged. I wonder which brand can bring in with new low tax. First come to my mind is only Malaysia's very own car company, proton. In fact, proton got technology from Japanese big boy, Mitsubishi. Anyway, I believe, Malaysia's car manufacturer will gain some advantage from the new rule. Definitely, Proton will able to compete with counterparts from Japan and Korea. I guess more Malaysia made car show room would be mushroomed in big cities and will see more proton cars on roads. Nevertheless, I would be happy if our people can buy new car with affordable price so long as they are road-worthy.
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