The call for higher taxes for luxury cars came from motor trader Neo Nam Heng, who is
adviser to the Automobile Importer & Exporter Association. He had submitted a formal
proposal to the Ministry of Finance recently to levy additional taxes for high-end cars.
Mr Neo, who is also chairman of diversified motor group Prime, says the tiered ARF introduced
in 2013 is no longer enough to level the playing field for buyers of million-dollar cars and those
paying for a $150,000 Japanese car.
"I am a bit disappointed," he told The Straits Times after the Budget announcement.
- ST February 19
adviser to the Automobile Importer & Exporter Association. He had submitted a formal
proposal to the Ministry of Finance recently to levy additional taxes for high-end cars.
Mr Neo, who is also chairman of diversified motor group Prime, says the tiered ARF introduced
in 2013 is no longer enough to level the playing field for buyers of million-dollar cars and those
paying for a $150,000 Japanese car.
"I am a bit disappointed," he told The Straits Times after the Budget announcement.
- ST February 19
