The Vietnamese government has increased import tax rates on cars and automobile parts, it has emerged.
Following earlier tax hikes in this area, the Ministry of Finance has announced that import taxes on wholly assembled cars have been raised to 83%, from the previous rate of 70%.
Imported car parts will also see a 3-5% increase, to 25%.
The new rates came into force on 22nd April, the Ministry announced.
According to reports, however, the increased rates are not expected to hit sales in the automotive sector, as there are still strong levels of demand for its products amongst the populace.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy & Cookies
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment