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Update news import tax

Vietnam exempts import tax on five commodity groups to fight coronavirus

Minister of Finance Dinh Tien Dung has announced a tax exemption on the import of five commodity groups needed to fight the novel coronavirus in Vietnam.

 

Ministry of Finance proposes reducing import tax on some foods

The ministry said consumers will benefit from tax reductions due to decreasing product prices.

Transparency and accountability must be upheld

 VietNamNet Bridge – Dr Bui Trinh, an economic expert, talks to Nong Thon ngay nay (Countryside Today) newspaper about the need to tell taxpayers how their money is used.

Edible oil producers import tax cut looms

 VietNamNet Bridge – On May 10 the Viet Nam Competition Authority warned that the import tax on crude and refined edible oils, reduced from 3 per cent this month to 2 per cent, would be scrapped altogether in May 2017.

Prime Minister okays petrol tax changes

 VietNamNet Bridge – Prime Minister Nguyen Tan Dung has approved calculation of petroleum import tax based on weighted average of the tariffs, taking into account Most Favoured Nation status and Free Trade Agreement.

Import tax to be slashed on automobile spare parts

 VietNamNet Bridge – Import tax on auto spare parts and components may be down to zero per cent next year, two years before schedule in 2018, under the ASEAN Free Trade Agreement (FTA).

Tariff cuts, exemptions for Vietnam-EU FTA clarified

 VietNamNet Bridge – The European Union (EU) will remove 85.6% of tariff lines for Vietnam’s goods exports immediately after a bilateral free trade agreement (FTA) between the two sides comes into force.

Domestic car sales ahead of estimate

 VietNamNet Bridge – Sales of domestically assembled cars in Viet Nam rose 19 per cent in 2013, the Viet Nam Automobile Manufacturers Association (VAMA) said last Saturday.

MoF proposes tax hikes on Viet Kieu vehicles

 VietNamNet Bridge – The Ministry of Finance has proposed raising special consumption taxes on vehicles imported by repatriating Vietnamese citizens (Viet Kieu).

OV to face stricter rules on vehicle imports

VietNamNet Bridge – Returning overseas Vietnamese would have to satisfy stricter regulations to be exempt from import tax and value added tax on the cars and motorbikes they bring back home.

New policies to take effect since June

 VietNamNet Bridge – Seven decrees of the Government, one decision signed by the Prime Minister, and two ministerial-level circulars will take effect since June 2013.

Auto sales decreases sink down the localities’ pockets

When automobile manufacturers’ association reported the sharp falls in the car sales, big worries have been raised--not only to the manufacturers, but to local authorities as well.