Regulations on used car imports to VN
VGP – An Australian businessman is establishing a joint stock company, intending to bring an used car to Việt Nam for use. What are the tax procedures on second-hand car import?
Answer: (The General Department of Taxation) i
The import of automobile is stipulated in the Commercial Law on Trade and the Government’s Decree 12/2006/NĐ-CP, dated January 23, 2006, guiding the implementation of the commercial law regarding international goods sale and purchase, processing and transit agency activities with foreign countries.
Especially, under 16-seat used cars need to meet requirements contained in the provisions as stipulated at Circular 03/2006/TTLT-BTM-BGTVT-BTC-BCA, dated March 31, 2006, jointly released by the Ministry of Trade, the Ministry of Transport, the Ministry of Finance and the Ministry of Public Security.
Accordingly, second-hand automobiles must be used under five years, registered for at least six months and travel at least 10,000 metres before reaching Vietnamese ports. They must be right hand drive cars.
The General Department of Taxation suggested the Australian businessperson consult the Laws on import tax, export tax, value-added tax, special consumption tax, and other guiding documents so he can pay specific taxes in line with the current regulations./.
