Increase import tax on used cars.

From June 20, 2013, the import tax rate for used passenger cars with 9 seats or fewer (including the driver) and engine capacity under 1,500cc will be adjusted upwards compared to the current regulations.

(Image for illustration purposes only, source: tapchitaichinh.vn)

This is the content of the Decision.Decision No. 24/2013/QD-TTgof the Prime Minister amending and supplementing Clause 1, Article 1 of Decision No. 36/2011/QD-TTg dated June 29, 2011, on the promulgation of import tax rates for used passenger cars with 15 seats or less.

Specifically, passenger cars with 9 seats or fewer (including the driver) and an engine capacity under 1,000cc are subject to an import tax of 5,000 USD per vehicle.

Passenger cars with 9 seats or fewer (including the driver) and engine capacity from 1,000cc to under 1,500cc are subject to an import tax of USD 10,000 per unit.

Previously, Circular No. 28/2013/TT-BTC, effective from April 29, 2013, adjusted the import tax rate for used passenger cars as stipulated in Clause 1, Article 1 of Decision No.Decision No. 36/2011/QD-TTgAccording to the Prime Minister's Decision dated June 29, 2011, vehicles with engine capacity under 1,000cc have an import tax rate of USD 4,200/unit instead of the USD 3,500/unit stipulated in Decision No.Decision No. 36/2011/QD-TTgFor vehicles with a cylinder capacity from 1,000cc to under 1,500cc, the import tax rate is 9,600 USD/unit instead of 8,000 USD/unit.

According to (Chinhphu.vn) - LT