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>> New tax scheme implemented to strengthen Vietnam’s auto industry
The Vietnamese Ministry of Finance has issued a circular on lowering auto import tariffs from January 1, 2011.
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| Import taxes of cars of 9 seats and less will be 1-3% lower from the current levels |
Under the circular, the tariff of 82% will be applied for autos which have nine seats or less and have cylinder capacity of up to 2.5L, against the current 83%.
Autos with cylinder capacity above 2.5L or more will be imposed the 77% import tax from the current 80%. The ministry also stipulated a new tax of 72% for 4x4 autos compared to the present 77%.
All kinds of specialised cars such as ambulances and cars to transport prisoners will be imposed with an import tariff of 15%, instead of the 10% level now, regardless of using petrol or diesel oil or having different cylinder capacity.