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From January 1st 2014, the import tax rate for many kinds of car from ASEAN countries will decrease to 50%. This rate is regulated in special incentive tariff of ASEAN trading goods agreement (ATIGA) period 2012-2014 issued by Ministry of Finance attached Circular 161/2011/TT-BTC dated November 17th 2011.
The current tax rate for this similar goods is at 60% and in 2012, 70%. Especially, trucks and specialized cars will enjoy the tax rate of 0-5%. So, in next time, price of many kinds of import car will have chance to decrease significantly. That’s really positive news for Vietnamese consumers who mostly favor the cars marked Ford, Toyota or Honda.
As statistics of General directorate of Customs (Finance ministry) dated November 2013, there were 8.826 cars imported from Thailand and Indonesia, reaches the value of near 150 million USD. The number of imported cars from 2 above countries holds great percentage in imported cars from total countries which reach 31.268 units and 624 million USD.
The current tax rate for this similar goods is at 60% and in 2012, 70%. Especially, trucks and specialized cars will enjoy the tax rate of 0-5%. So, in next time, price of many kinds of import car will have chance to decrease significantly. That’s really positive news for Vietnamese consumers who mostly favor the cars marked Ford, Toyota or Honda.
As statistics of General directorate of Customs (Finance ministry) dated November 2013, there were 8.826 cars imported from Thailand and Indonesia, reaches the value of near 150 million USD. The number of imported cars from 2 above countries holds great percentage in imported cars from total countries which reach 31.268 units and 624 million USD.
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