Exemption from import tax on cars of individuals and diplomatic organizations

Many new points for individuals and diplomatic agencies to import and transfer vehicles during and after their working period.

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The Prime Minister has just issued a Decision on temporary import, re-export, destruction, and transfer of automobiles and motorbikes of subjects enjoying preferential and immunities in Vietnam.

Accordingly, diplomatic missions, consular offices and representative offices of international organizations based in Vietnam are allowed to temporarily import 3 cars tax-free if the agency has 5 people or less (in case the agency has 3 more people, it is allowed to import 1 more car).

Diplomatic, consular and representative agency officials are allowed to temporarily import 1 car tax-free (the head of a diplomatic representative agency is allowed to temporarily import 2 cars tax-free) if they have worked in Vietnam for at least 12 months or more.

The decision also stipulates that diplomatic missions, consular offices and representative offices of international organizations based in Vietnam are allowed to transfer cars if they have used the cars for at least 24 months or more. Diplomatic officials are allowed to transfer cars if they have used the cars for at least 12 months or more or have finished their term of office in Vietnam.

According to the Decision, for cars with 15 seats or less (including the driver), the import tax rate for used cars issued by the Prime Minister in effect at the time of transfer shall apply.

For cars with 16 seats or more (including the driver), the basis for calculating import tax is the taxable value, tax rate and tax exchange rate at the time of vehicle transfer.

The decision takes effect from November 1, 2013./.

According to vov.vn - LT