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car import tax
Updated news related to car import tax
5 factors strongly affecting car prices in 2019
The Vietnamese automobile market in 2019 is expected to have many fluctuations after a series of drafts are being considered such as increasing registration fees for pickup trucks, cars over 1.5 billion VND may be subject to property tax, etc.
Economy
Will cars and a series of cheap goods from CPTPP countries flood into Vietnam?
Car imports from ASEAN countries have dropped to 0%, but car prices and a series of other products are expected to continue to drop “shockingly” when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) was officially signed.
4 small car models with 0% import tax for women
Possessing a fashionable design, easy to use and competitive price thanks to 0% import tax, small car models are about to arrive in Vietnam such as Toyota Wigo, Honda Jazz... will bring new choices for women who love cars.
Paradox: Import tax reduced, car prices increased dramatically
Many customers expect car prices in 2018 to decrease significantly due to the impact of import tax on cars from ASEAN to Vietnam down to 0% from January 1, 2018. However, after Lunar New Year, many car models increased in price.
Domestic cars are discounted, imported cars with 0% tax cannot enter Vietnam yet
Domestically assembled cars continue to "initiate" a price reduction race, while car models manufactured in ASEAN that are subject to 0% import tax still cannot be imported to Vietnam.
'Shocking' Vietnam ranks 5th in Southeast Asia in car consumption
Among the eight countries in the ASEAN Automotive Association, Vietnam ranked fifth in terms of car consumption in the first three quarters of 2017, with sales falling 4.2% year-on-year.
'Domestic' cars continue to drop in price sharply when applying new regulations
With this regulation, domestically assembled cars have the opportunity to reduce costs and compete with imported cars when from 2018, import tax on cars in ASEAN will be 0%.
Car imports from Indonesia drop sharply
DNUM_BEZBBZCABH 14:35
The number of imported cars to Vietnam continued to decrease sharply in October, especially cars from Indonesia. Meanwhile, the price of imported cars in 2018 is predicted to be difficult to decrease as much as expected.
Import tax is 0%, which cars will be discounted?
DNUM_CBZBAZCABH 10:45
When car import tax is 0%, the price of many imported car models will decrease, but the decrease will depend on the type of car and many factors.
Sharp increase in import tax, used cars will increase in price by hundreds of millions of dong
DNUM_ACZAJZCABH 15:33
Old cars will no longer be able to enter Vietnam if the new tax rate is applied in practice.
Double Tax: Used Cars More Expensive Than New Cars
DNUM_BGZAIZCABH 09:05
Import tax on used cars is expected to increase, used cars are twice as expensive as new cars, businesses that import used cars are out of business. With the current tax rate, many businesses are losing money; not to mention having to pay back taxes.
The cheapest cars when import tax is 0%
DNUM_BGZAGZCABH 12:02
According to experts, in 2018 when car import tax is 0%, consumers should buy cars such as: Ford Fiesta, Focus, Toyota Vios, Corolla Altis...
Indonesian cars worth 300 million, Thai cars worth 400 million are pouring into Vietnam
DNUM_BFZACZCABH 19:39
The average price of imported cars from Indonesia to Vietnam's ports is only 289 million VND/car, cheaper than Thailand's 407 million VND/car. That is the price in 2016, in 2017 the price will decrease further when the tax is reduced, causing more cheap cars to flow into Vietnam.
Imported cars cost hundreds of millions more because of storage fees
DNUM_CBZBCZCABG 08:58
Faced with the situation of many car import enterprises showing signs of fraud, the Ministry of Finance has "ordered" strict control of imported cars. However, both enterprises and customs are facing difficulties due to the arising problems.
Massive import of expensive cars to avoid taxes
DNUM_CFZAGZCABG 22:17
The sharp increase in the average price of imported cars in a short period of time shows that expensive cars with large engine capacities are being imported to Vietnam ahead of the tax increase deadline of July 1.
From July 1, tax on imported cars will be drastically reduced
DNUM_AIZAEZCABG 10:06
From July 1, special consumption tax on cars will change dramatically. Tax on small-capacity cars will decrease sharply, while it will increase on large-capacity cars.
Reducing car import tax: Budget loses revenue sharply.
DNUM_ABZAIZCABF 16:25
According to the Ministry of Finance, when implementing commitments to reduce import taxes on automobiles, the state budget will see a significant reduction in import tax revenue on automobiles and automobile components because these are items with high tax rates and large turnover...
Car import tax reduced, will prices decrease?
DNUM_BIZAFZCABE 15:21
The Vietnamese automobile market is gradually reducing import taxes on completely built-up cars according to the commitment of the ASEAN free trade area. So when import taxes on cars are reduced, will prices decrease?
Import tax on cars running on compressed natural gas
DNUM_CDZAJZCABD 18:29
Buses running on compressed natural gas (CNG) have a current preferential import tax rate of 70%.
Exemption from import tax on cars of individuals and diplomatic organizations
DNUM_BIZAJZCABD 10:34
Many new points for individuals and diplomatic agencies to import and transfer vehicles during and after their working period.
Increase import tax on used cars
DNUM_AFZAFZCABD 14:54
From June 20, 2013, the import tax rate for used passenger cars with 9 seats or less (including the driver) and a cylinder capacity of less than 1,500cc will be adjusted higher than current regulations.
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