Import tax on used cars to increase
The import tax on used cars of nine seats and more will be increased since June 20, according to the Prime Minister’s Decision 24/2013/QD-TTg.
Accordingly, for cars under 1,000 cc, the tax rate will be $5,000 while cars from 1,000 cc to 1,500 cc will be subjected to the tax rate of $10,000.
The current tax rates are $4,200 and $9,600, respectively, according to the Ministry of Finance’s Circular 28/2013/TT-BTC which took effect since April 29, 2013.
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