Ministry Adjusts Import Taxes for Second-hand Cars

The Ministry of Finance on Monday decided to adjust import taxes for used cars and vans, both increases and cuts.

The new tax level for car with four seats or fewer, engines from 1,000 cc to 1,500 cc, is US$6,300, decreasing by US$700.

That for engines 1,500 cc – 2,000 cc decreases from US$10,000 to US$8,500; that for engines 2,500 – 3,000 cc stays the same at US$12,000; and that for engines over 5,000 cc ups to US$26,250 from US$25,000.

As for vans for six to nine passengers with a 2,000 cc engine or smaller, the new tax level goes down to US$7,650 from US$9,000. When the engine is 2,000 cc to 3,000 cc, the tax level is down by US$2,800 to 11,200.

About 500 used cars have been imported to Viet Nam since May last year when the government allowed import of these cars. 

Reported by H. My – Translated by Tuong Thuy

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