No Rise in Automobile Import Tariff in 2010

The Ministry of Finance said Vietnam will have to continue slashing tariffs in 2010 in accordance with commitments to the World Trade Organisation (WTO).

In 2010, the WTO pledged rate is 80.5 % on cars of less than nine seats with gasoline engine capacity of 2.5L upwards; 87 % on cars running on gasoline engines of less than 2.5L and diesel engines; and 77 % on four-wheel vehicles with two driving axles. The highest rate applied to these vehicles was 83 % in 2009.

However, the ministry said it will apply the highest rates on cars with gasoline engine capacity of 2.5L upwards and four-wheel vehicles with two driving axles while keeping unchanged the rate imposed on cars running on gasoline engines of less than 2.5L and diesel engine.

The ministry has recently issued the Circular 216/2009/TT on tariff rates on automobiles in 2010. In addition to the above taxes, the tax policy is kept unchanged on used cars in 2010.

Tags: Vietnam auto imports, Vietnam automotive

Posted by VBN on Dec 8 2009. Filed under Automotive, HEADLINES, Import-Export. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry