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Import tax on car from ASEAN officially 0% (01/09/2018)
From 1/1/2018, the car import tax from the ASEAN countries into Vietnam officially 0%. This is a time when many people are waiting for cheap cars.

The roadmap for reducing import duty rates for complete cars from Southeast Asian countries to zero percent under the ASEAN Trade in Goods Agreement (ATIGA) will be applied from January 1, Accordingly, the import tax on cars from this region to Vietnam will decrease from 40% to 30% from 2017 and to 0% in 2018.
Therefore, from January 1, 2015, the import tax on cars from ASEAN countries (mainly from Thailand and Indonesia) will be reduced to 0% on condition that the localization rate of the car must be applied. set from 40%.

With the tax calculation method in Vietnam now, the import tax reduced by 30% will cause the after tax rate of the car decreased significantly.

Not only buyers waiting for the tax reduction from January 1, 1818 but both importers and manufacturers, assemblers in the country are also waiting for this time. Therefore, a large number of imported cars have been imported by companies into Vietnamese ports. The port of Hiep Phuoc (Ho Chi Minh City) Customs Department said that at present, there are about 1,700 cars of less than nine seats and the pickup truck has arrived three times more than before. Most of them are pickups from Ford, Mitsubishi and mid-size cars imported from Thailand and Indonesia.

However, instead of clearing customs clearance, importers wait until January 1, 2018 to clear import duties of 0% from 2018, instead of 30% , then launched to the market.

Not only the import tax from the ASEAN region reduced to 0%, but Decree 116 of the Government regulates the conditions for production, assembly, import and business of warranty service, Force from 1/1/2018.

Accordingly, for imported vehicles, only qualified enterprises will be allowed to import cars from 2018, including: car and motorbike maintenance, Enterprises must have a power of attorney summoned from a foreign manufacturer, a certificate of quality type from the place of production, the enterprise must commit to components and accessories in accordance with the standard of the vehicle, must check the quality of a car In all imported consignments, a minimum of 2 years warranty or 50,000 km for second-hand imported cars will be required, with full import documents as of 1/1/2018.

 thoidai.com.vn

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