Taxes on car imports increased

The customs at national border gates will impose new tariffs on imported used motor vehicles for 15 seaters or more under the Prime Minister’s Decision 36/2001/QD-TTg.

Accordingly, a tax rate of US$3,500 per item will apply to automobiles for 9 passengers or more with a capacity lower than 1,000cc, and US$7,000-8,000 per item on automobiles with a capacity ranging from 1,000cc to 1,500cc.

10-15 seater motor vehicles with a capacity below 2,000cc will have a tax rate of US$9,500 per item (as compared to previously US$7,200). The tax rates range between US$10,800-13,000 for automobiles with a capacity of 2,000cc-3,000cc.

The Prime Minister has asked the Ministry of Finance to adjust the above tax rates within 20 percent depending on concrete situations. When the adjustment exceeds 20 percent, it must be reported to the Prime Minister for approval.  -VOV

Tags: Vietnam automotive, Vietnam automotive industry, Vietnam autos market, Vietnam car imports

Posted by VBN on Aug 17 2011. Filed under Automotive. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry