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Over RM26b in import, excise duties on vehicles, parts, nearly RM10b in road tax, collected from 2022-2024
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Over RM26b in import, excise duties on vehicles, parts, nearly RM10b in road tax, collected from 2022-2024
default The finance ministry has revealed that RM26.47 billion in import and excise duties on motor vehicles and motor vehicle spare parts (RM25.15 billion and RM1.32 billion respectively), and RM9.83 billion in road tax, have been collected between 2022 and 2024, Bernama reports. “Import and excise duties are indirect tax revenues collected by the customs department under the provisions of the Customs Act 1967 and the Excise Act 1976. The reven…
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