Importing a Used Car to Vietnam: A Guide to Customs Duties

The saying “you get what you pay for” rings especially true when importing a used car. Besides the vehicle’s price, understanding how to calculate import duties is crucial to avoid financial surprises. Let XE TẢI HÀ NỘI guide you through the process.

Why Understanding Used Car Import Duties is Essential

Knowing how to calculate these taxes not only helps you budget accurately but also empowers you to negotiate effectively with dealers, preventing overpaying.

Used car import process

Detailed Breakdown of Used Car Import Duty Calculation

Calculating import duties requires understanding the different taxes involved and how each is calculated:

1. Import Duty:

• The rate (%) depends on engine displacement and fuel type (gasoline, diesel).
• Formula: Import Duty = CIF Price x Tax Rate (%)
  • CIF Price (Cost, Insurance, and Freight) is the vehicle’s price at the Vietnamese port, including the car’s cost, insurance, and shipping.

2. Special Consumption Tax (SCT):

• Applies to passenger vehicles with 9 seats or less.
• The rate (%) depends on engine displacement.
• Formula: SCT = (CIF Price + Import Duty) x Tax Rate (%)

3. Value Added Tax (VAT):

• The current VAT rate is 10%.
• Formula: VAT = (CIF Price + Import Duty + SCT) x 10%

Example: Mr. Minh wants to import a used 7-seater car with a 2.0L engine and a CIF price of 500 million VND. Assuming a 70% import duty rate and a 50% SCT rate.

Here’s how to calculate Mr. Minh’s import duties:

• Import Duty: 500 million x 70% = 350 million VND
• SCT: (500 million + 350 million) x 50% = 425 million VND
• VAT: (500 million + 350 million + 425 million) x 10% = 127.5 million VND

Mr. Minh’s total tax payable is: 350 million + 425 million + 127.5 million = 902.5 million VND.

Reference Table for Used Car Import Duties (Unit: Million VND)

Note: This table is for reference only.

Important Considerations When Calculating Used Car Import Duties

• Tax rates are subject to change according to Vietnamese law.
• Besides these taxes, additional costs may include domestic shipping, registration fees, etc.

Calculating used car import taxes

Frequently Asked Questions About Used Car Import Duties

1. Are there preferential import duty rates for used cars from certain countries?

Currently, used cars imported from ASEAN countries benefit from a 0% import duty rate.

2. How can I accurately determine the CIF price?

Consult with car dealerships or refer to reputable websites for price references.

3. Where can I buy imported used cars from reputable dealers?

Consider reputable dealerships in Hanoi like XE TẢI HÀ NỘI on Nguyen Van Linh Street, Long Bien, or dealerships on Pham Hung Street, Cau Giay.

Conclusion

We hope this article provides valuable insights into calculating used car import duties in Vietnam. Thorough research before purchasing will enable informed decisions and potential cost savings. Contact XE TẢI HÀ NỘI today for detailed consultation and attractive offers!