Cuts to registration fees to help auto industry

The Office of the Government has sent a document to the Ministry of Finance about registration fees for domestically-manufactured and assembled cars. One possible measure to help the industry is to re-apply a 50 per cent reduction on registration fees for such cars. According to the Ministry of Finance, while this reduction would lower State budget revenue, the amount of taxes and fees contributed by car businesses would increase significantly, possibly by three-fold more than the reduction.