Car Import Tax 2017: What You Need to Know

“Better safe than sorry,” as the old saying goes. In 2017, my friend decided to buy an imported car. While he was excited and thrilled, he quickly became overwhelmed when researching the various taxes and fees. One of the biggest headaches was the **2017 car import tax**. So, what were the regulations for car import tax in 2017? Who should be concerned about this issue? Let’s explore this with xetaihanoi.edu.vn!

Decoding 2017 Car Import Tax

The Significance of Car Import Tax

Simply put, **car import tax** is the amount of money that businesses and individuals must pay to the government when importing cars from foreign countries into Vietnam. This tax is calculated based on the car’s value and engine displacement.

2017 Car Import Tax: Detailed Rate Table

The year 2017 marked a significant milestone when import taxes on cars from ASEAN countries to Vietnam officially dropped to 0%. This made the domestic car market more vibrant than ever.

Below is a table detailing the car import tax rates in 2017:

**Examples:**

• Mr. Minh wants to import a car from Thailand (an ASEAN country) with an engine displacement of 2.0L. Therefore, Mr. Minh will not have to pay import tax.
• Ms. Lan wants to import a car from the United States (a non-ASEAN country) with an engine displacement of 3.5L. Therefore, Ms. Lan will have to pay import tax equal to 80% of the car’s value.

Car import tax from ASEAN countries

The Importance of Understanding Car Import Tax

Understanding information about **car import tax** is extremely necessary for:

• Car import businesses: It helps businesses accurately calculate costs, thereby setting reasonable selling prices and increasing competitiveness in the market.
• Individuals buying imported cars: It helps buyers estimate expenses, avoiding situations of overspending that lead to financial difficulties.

Import Tax and Feng Shui

In Asian cultures, buying a car is not just about acquiring a means of transportation, but also about “welcoming” a “treasure” with Feng Shui significance into the home. Carefully calculating taxes and fees, including import tax, is seen as demonstrating thoroughness and prudence, helping to “attract wealth” into the household.

Car Feng Shui

Frequently Asked Questions About 2017 Car Import Tax

1. How is import tax calculated for used cars?

Import tax for used cars is calculated based on the car’s value at the time of import and engine displacement, similar to new cars.

2. Were there any import tax incentives for cars in 2017?

In 2017, the import tax on completely built-up (CBU) cars from ASEAN countries to Vietnam officially dropped to 0%, which was considered a major incentive for the domestic car market.

3. How can I look up information about car import tax?

You can look up information about car import tax on the website of the Ministry of Finance or contact experts in the import-export field for detailed advice.

Learn More About the Car Market

To get more useful information about the car market, you can refer to the following articles:

• Used Toyota Vios for sale
• Car prices in Japan