LANGKAWI: For the very rich, a dream car like a Ferrari, Lamborghini or Porsche used to cost RM2.5mil in this duty-free island. “About 90% of Ferrari cars and several other luxury brands in Malaysia were registered in Langkawi because of its tax-free status,” he said. If luxury vehicles could no longer be sold, he said, the government would lose corporate tax and customs-related revenue. Ong also said the existing mechanism had been effective in regulating the movement of tax-free vehicles. Without tax exemptions, buyers are now expected to pay about 100% more.

Source: The Star January 15, 2026 09:32 UTC