Import tax on used cars to rise by 20 percent

Starting from April 28, import taxes on used cars of nine seats or less, with a cylinder capacity of less than 1,500cc, will increase by 20 percent compared to the exiting rate.
Starting from April 28, import taxes on used cars of nine seats or less, with a cylinder capacity of less than 1,500cc, will increase by 20 percent compared to the exiting rate.

According to a new decree issued by the Ministry of Finance, the import tax imposed on used cars with a cylinder, capacity of less than 1,000cc will be 4,200 USD a unit instead of 3,500 USD currently.

The tax is 9,600 USD for each used car with a cylinder capacity of 1,000-1,500cc, up 1,600 USD from the current level.-VNA

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