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New tax rates on second-hand cars
2011-0818
The Customs Department in Vietnam has begun to implement new tax rates on second-hand cars imported into Vietnam on all the country’s border crossings since August 15, as per the Prime Minister’s directives.
Under the directive, vehicles of less than 9 person capacity and less than 1,000 cc will be liable for import tariff of USD3,500 per car. Tax will increase from USD7,000 to USD8,000 on vehicles of 1,000 cc to 1,500 cc.
On vehicles of 10 to 15 person capacity and less than 2,000 cc, tax will be USD9,500; on 3,000cc it will be USD13,000 and for over 3,000cc it will be USD17,000.
The Ministry of Finance can adjust new tax rates on second-hand cars by up to 20 percent, for any adjustments above 20 percent, the ministry must refer to the Prime Minister’s office
Under the directive, vehicles of less than 9 person capacity and less than 1,000 cc will be liable for import tariff of USD3,500 per car. Tax will increase from USD7,000 to USD8,000 on vehicles of 1,000 cc to 1,500 cc.
On vehicles of 10 to 15 person capacity and less than 2,000 cc, tax will be USD9,500; on 3,000cc it will be USD13,000 and for over 3,000cc it will be USD17,000.
The Ministry of Finance can adjust new tax rates on second-hand cars by up to 20 percent, for any adjustments above 20 percent, the ministry must refer to the Prime Minister’s office
Source: SGGP
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