Mercedes halts imports over luxury tax
The sole retailer of Mercedes-Benz cars into the country, Hung Hiep (Cambodia) Co., has suspended imports since January over what it claims is a new import duty on luxury cars coming into the country. Other luxury car importers including Porsche, Audi, BMW and Jaguar Land Rover, say since the start of the year, following a memo to customs officers in December, the Finance Ministry’s customs department has added an additional 20 percent tax on new high-end cars, mostly from Europe. Pily Wong, CEO of Hung Hiep Co., said that the additional cost of the new tax, which was not formally announced to car dealers, has forced him to halt imports to avoid having to put overpriced cars on the market. …
George Styllis
http://www.cambodiadaily.com/business/mercedes-halts-imports-over-luxury-tax-56050/
