Car Import Tax: Key Facts for Vehicle Buyers

Mr. Ba, a diligent farmer from Hoai Duc district, saved his whole life to afford a small truck to transport goods to the market. Hearing rumors that imported cars are “better”, he went all the way to the “city” to inquire. But as soon as he heard about the staggering import tax, he hesitated. Mr. Ba’s story is a common concern for many people who want to own a “foreign” car. So, what is car import tax that makes so many people wary?

Car Import Tax – A Complex Issue for Car Buyers

What is Car Import Tax?

Simply put, car import tax is like a “fee” that Mr. Ba has to pay to the government when buying a car from abroad to Vietnam. This tax applies to completely built-up vehicles (CBU imports) or vehicles assembled domestically from imported components (CKD).

Current car import tax rates according to regulations

Why is Car Import Tax Imposed?

The government imposes car import tax to:

• Protect domestic production: High taxes make imported cars more expensive, creating a competitive advantage for domestically produced cars.
• Increase budget revenue: Import tax is a significant source of revenue for the state budget, serving socio-economic development.
• Control imports: Regulate the volume of imported cars, reducing traffic congestion and environmental pollution.

Factors Affecting Car Import Tax

• Origin: Cars from ASEAN countries enjoy a preferential tax rate of 0%, while cars from other countries are subject to higher taxes.
• Vehicle type: Trucks, buses, and specialized vehicles often have different tax rates.
• Cylinder capacity: Cars with larger cylinder capacities are subject to higher taxes than those with smaller capacities.
• Government policies: The government can adjust tax rates to encourage or restrict imports.

How Understanding Car Import Tax Benefits You

Choosing the Right Vehicle

Understanding car import tax helps you:

• Compare prices: Accurately estimate the total cost, thereby choosing a car that fits your budget.
• Consider between imported and domestically assembled cars: Compare the pros and cons of these two types of cars to make the optimal decision.
• Grasp opportunities to buy cars at good prices: Follow the latest tax policies to “hunt” for bargain cars.

Avoiding Overpayment When Buying a Car

Knowing information about import tax helps you:

• Avoid being “overcharged” by dealers: Knowing the exact tax rate helps you negotiate prices better.
• Detect “illegal” cars: Vehicles of unclear origin that have not paid full taxes pose many risks.

Comparison of prices between imported cars and domestically assembled cars

“Golden” Tips When Buying Imported Cars

• Choose reputable dealers: Reputable dealers with transparent information about origin and tax rates help you feel more secure when buying a car.
• Carefully check vehicle documents: Ensure the car has full documents proving its origin and that tax obligations have been fulfilled.
• Consult experts: Seek advice from experts on legal regulations and procedures related to car import tax.

XE TẢI HÀ NỘI – Your Companion on Every Road

Buying a car, especially an imported car, is an important decision that needs careful consideration. In addition to import tax, you should also learn about other taxes and fees such as registration tax, license plate fees, etc.

If you have any questions about car purchase procedures or choosing the right car model, do not hesitate to contact XE TẢI HÀ NỘI. With many years of experience in the truck business, we are confident in providing you with the most optimal solutions.

Contact us now:

• Phone number: 0968239999
• Email: [email protected]
• Address: No. TT36 – CN9 Street, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi.

XE TẢI HÀ NỘI – Reputation builds trust!