IPOH: The Malaysian Plastics Manufacturers Association wants the Government to reduce the sales tax on all plastic finished products from the current 10%.
Its president Lim Kok Boon said the sales tax paid by consumers now had doubled from four years ago.
“The drastic increase in the selling price of plastic finished products has resulted in a decrease in demand by 30%," he told reporters here on Tuesday.
The sales tax reduction would also assist in stabilising demand for plastic products, he added.
He said the price of plastic resin had more than doubled over the last four years.
“The price of plastic resin in 2004 was US$700 (RM2,270) per ton and it is now US$2,000 (RM6,486) per ton,” said Lim.
The increase in price of resin, compounded by hikes in petrol prices and electricity tariffs, had made plastic products more expensive, he said.
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