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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 USD while cars from 1,000 cc to 1,500 cc will be
subjected to the tax rate of 10,000 USD.

The current tax rates
are 4,200 USD and 9,600 USD, respectively, according to the Ministry of
Finance’s Circular 28/2013/TT-BTC which took effect since April 29,
2013.-VNA

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