RM30.2bn car excise duty collected from 2007 to 2011

PM Datuk Seri Najib Tun Razak has told the Dewan Rakyat that a total of RM30.2 billion was collected in car excise duty between 2007 and 2011, Bernama reports.

RM4.7 billion was collected in 2007; in subsequent years RM6.2 billion, RM5.7 billion, RM7.1 billion and finally RM6.5 billion in 2011, said Najib in a written reply to Hee Loy Sian (DAP-Petaling Jaya Selatan) during question time.

Hee wanted to know the total car excise duty collected between 2007 and last year and whether the Finance Ministry intends to lower car excise duty with a view to reduce car prices for the people’s benefit.

Najib said car prices are determined by several factors such as production, transportation, advertisement and distribution costs, as well as carmakers’ and distributors’ profits, and not merely based on the tax rate.

“These elements are beyond government control. Hence, any proposal to lower car prices has to be studied thoroughly so that the outcome can really benefit the people besides helping to bolster competition in the local automotive sector in the long-term,” he added.

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