LABUAN: The Labuan Chinese Chamber of Commerce (LCCC) urged the Ministry of Finance (MOF) to delegate powers to the Customs Department here so that it does not have to refer to Putrajaya on tax permits and other import-related matters.Its Chairman Datuk Wong Kii Yii cited the 50 per cent tax discount for used cars taken out of the duty-free island by employees in the financial sector, civil servants and security forces personnel.
He said this perk was offered after Labuan became an International Business and Financial Centre (IBFC) in 1990 to encourage employees in these sectors to take up residence on the island, which helped the motor and other industries here.
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