Importing a Used Truck to Vietnam: Taxes & Fees

Mr. Ba, a grocery store owner in Hanoi’s Old Quarter, dreamed of owning a used Isuzu truck to ease his deliveries. Following a friend’s advice, he found a seemingly great deal on a used truck from Japan. However, when the truck arrived at Hai Phong port, he was shocked by the exorbitant import taxes, shattering his truck dream.

Mr. Ba’s story is not uncommon. Understanding used vehicle import taxes is crucial to avoid financial surprises and confidently bring your desired vehicle home.

Decoding the Used Vehicle Import Tax Maze

What are Used Vehicle Import Taxes?

Used vehicle import taxes are fees levied by the Vietnamese government when importing a pre-owned vehicle. These taxes are calculated based on factors like engine displacement, year of manufacture, and vehicle value.

Types of Taxes on Used Vehicle Imports

Importing a used vehicle involves several taxes:

• Import Duty: The primary tax, calculated as a percentage of the vehicle’s taxable value.
• Special Consumption Tax: This tax varies depending on the vehicle’s engine displacement.
• Value Added Tax (VAT): A 10% tax applied to the total vehicle value plus import duty and special consumption tax.

Calculating Used Vehicle Import Taxes

The formula for calculating used vehicle import taxes is complex. Refer to this article for more details: Calculating Used Vehicle Import Taxes.

Used Vehicle Import Tax Table (Reference)

Below is a reference table for used vehicle import taxes:

Used vehicle import tax table | Vehicle Type | Engine Displacement | Import Duty | Special Consumption Tax | VAT |
|—|—|—|—|—|
| Truck | Under 2,500cc | 70% | 25% | 10% |
| Truck | Over 2,500cc | 70% | 50% | 10% |

Note: This table is for reference only. Actual tax rates may vary based on government policies.

Understanding these taxes and their calculation empowers you to make informed purchase decisions and avoid potential risks.

Furthermore, research the necessary procedures and documents for importing used vehicles. Thorough preparation saves time and effort.

Good luck!