Vietnam Car Import Tax Policy: What You Need to Know

Especially when it’s an imported car, bringing with it a whole “world of modern technology.” But before enjoying that joy, let’s explore the “car import tax policy” – an important factor that directly affects the price of the vehicle.

Let Xe Tai Ha Noi “unveil the secret” and equip you with the necessary knowledge to confidently “bring home” the car you desire!

Decoding Vietnam’s Car Import Tax Policy:

What is Car Import Tax?

Simply put, this is the tax you must pay to the Vietnamese government when importing a car from abroad. This tax rate depends on many factors, such as:

• Vehicle Type: Passenger car, truck, specialized vehicle, etc.
• Origin: Japan, South Korea, or ASEAN countries, etc.
• Engine Displacement: Under 1.5L, from 1.5L to 3.0L, or over 3.0L…

What are the Current Car Import Tax Rates?

To help you visualize, Xe Tai Ha Noi would like to give a specific example:

• For completely built-up cars (CBU) originating from ASEAN countries (such as Thailand, Indonesia, etc.), the import tax for passenger cars with 9 seats or less is currently 0%.
• For CBU cars imported from other countries and territories, the applied import tax rate is 70%…

Example: Mr. Minh in Cau Giay district wants to buy a Hyundai truck imported from South Korea. The vehicle price in South Korea is 500 million VND. The import tax Mr. Minh has to pay is 70% x 500 million = 350 million VND.

In addition to import tax, Mr. Minh also has to pay other taxes and fees such as special consumption tax, value-added tax, registration fees…

Hyundai truck imported from Korea

Answering Frequently Asked Questions about Car Import Tax Policy

1. Does the car import tax policy change frequently?

The answer is YES. Tax policies are always adjusted to suit the socio-economic situation as well as the development orientation of the domestic automobile industry.

2. How to update information on the latest car import tax policy?

You can refer to information on the website of the Ministry of Finance, the General Department of Customs, or reputable newspapers and websites specializing in automobiles such as xetaihanoi.edu.vn.

3. Are there any tax incentives for CBU imported cars?

Depending on the time and type of vehicle, there will be separate incentives. For example, electric cars are currently enjoying a 0% import tax rate.

Expert Advice:

“According to Mr. Nguyen Van A, a car market analyst at the Institute of Economic and Social Research, understanding the car import tax policy is extremely important, helping you accurately estimate the budget and choose the car that best suits your needs and financial capabilities.” – Excerpt from “Car Buying and Selling Guide”

Smuggling Cars – A Persistent Problem and a Costly Lesson

The story goes that Mr. Nam in Hoai Duc district, because of his greed for cheap prices, bought a smuggled used truck. The vehicle constantly broke down, lacked legal papers, causing him to “lose money and suffer.”

The lesson learned is to be a wise consumer and absolutely not buy smuggled cars. Choose reputable addresses like Xe Tai Ha Noi for peace of mind about the quality and origin of the vehicle.

Smuggled truck with poor quality and missing documents

Feng Shui for Your “Beloved Car” – “Thousands of Miles of Peace”

Vietnamese people attach great importance to feng shui when buying a car. Choosing a car color that matches the owner’s destiny, choosing a good date and time to “bring the beloved car” home is believed to bring luck and fortune to the owner.

Unveiling the Secret to Owning Your Dream Car at Xe Tai Ha Noi:

To “bring your beloved car” home in the easiest and most convenient way, you can refer to the lines of trucks, dump trucks, tractors, etc. at Xe Tai Ha Noi.

We are committed to bringing you quality products, competitive prices, and thoughtful after-sales service.

Xe Tai Ha Noi – Your Trusted Address!

Contact now:

• Showroom 1: No. 1, Nguyen Trai Street, Thanh Xuan District, Hanoi
• Showroom 2: No. 10, Quang Trung Street, Hoan Kiem District, Hanoi

Conclusion

Hopefully, the above article has provided you with useful information about the car import tax policy. We wish you soon “bring” your desired car and “travel” on all roads!