Vietnam Hikes Used Car Import Tax
29/03/2013 192
Most viewed articles
Vietnamese Deputy Minister of Finance Do Hoang Anh Tuan has signed and issued Circular 28/2013/TT-BTC, which has substantially raised, by 20%, the import tariffs on used cars with effect from April 29, 2013.
The import tariff on used cars of nine seats or less, and an engine size of less than 1,500cc will increase from USD3,500 to USD4,200, and the tax on imports of cars with engines between 1,000cc and 1,500cc will rise to USD9,600 from USD8,000.
The tariff hike has narrowed the gap in tariffs between imports of new and used cars, which the ministry claimed had been causing some new cars, especially smaller vehicles, to be improperly imported into Vietnam as used cars.
March 27, 2013
Source: Tax News
- National traceability system for agro-forestry-fishery products to be launched on July 1
- European Parliament backs long-awaited digital euro to reduce US dominance in payments
- A decade after Brexit, Britain weighs costs and gains as it searches for a new leader
- Combating e-invoice fraud with big data technology
- Resolution 10-NQ/TW redefines foreign capital attraction