“Car Importers Protest Against New Draft Law on Customs, Demand Exemption from Taxes”
Car import and sales companies protest new draft law on customs, demanding exemption from 20% duty and 18% VAT to protect financial strength. Customers waiting for cars are also affected. A statement will be submitted to the President requesting cancellation of the law. Changes to Tax Code starting Dec 1 will require a 20% profit, with 18% going towards duty and VAT. Car importers will have to sell at higher prices due to additional taxes.