What are regulations on import duties for used automobiles in Vietnam?

What are regulations on import duties for used automobiles in Vietnam?

Based on Article 7 of Decree 26/2023/ND-CP, the regulations on import duties for used automobiles are as follows:

- Used passenger cars with up to 9 seats and an engine displacement not exceeding 1,000cc classified under group 87.03 are subject to the absolute tax rate stipulated in Appendix 3 issued with Decree 26/2023/ND-CP.

- Used passenger cars with up to 9 seats and an engine displacement over 1,000cc, classified under group 87.03, and from 10 to 15 seats, classified under group 87.02, are subject to the mixed tax rate stipulated in Appendix 3 issued with Decree 26/2023/ND-CP.

- Used passenger cars with 16 or more seats classified under group 87.02 and used motor vehicles for transporting goods with a designed total weight not exceeding 5 tons, classified under group 87.04 (excluding refrigerated trucks, waste collection vehicles with a compression unit, tanker trucks, armored trucks for transporting valuable goods, bulk cement trucks, and mud transporting trucks with detachable lifting containers) are subject to a preferential import duty rate of 150%.

- Other types of used automobiles classified under groups 87.02, 87.03, 87.04 are subject to a tax rate of 1.5 times the preferential import duty rate of the same type of new cars classified under the same group as stipulated in Section 1 of Appendix 2 issued with Decree 26/2023/ND-CP.

What are regulations on import duties for used automobiles in Vietnam? (Image from Internet)

Is there a registration fee for buying and selling Imported used automobiles in Vietnam?

According to Clause 7 of Article 3 of Decree 10/2022/ND-CP, the regulations are as follows:

Subjects to Registration Fee

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7. Automobiles, trailers, or semi-trailers towed by automobiles, and vehicles similar to cars must be registered and have license plates issued by competent state agencies.

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At the same time, based on the provisions of Article 4 Decree 10/2022/ND-CP and Clause 8 Article 8 of Decree 10/2022/ND-CP as follows:

Article 4. Registration Fee Payers

Organizations and individuals with assets subjected to registration fee stipulated in Article 3 of this Decree must pay the registration fee when registering ownership or use rights with competent state agencies, except for cases under the exemption from registration fee stipulated in Article 10 of this Decree.

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**Article 8. Registration Fee Rates (%)

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8. Organizations and individuals receiving the transfer of automobiles, motorcycles that establish public ownership according to law provisions, where the transferred automobiles and motorcycles have previous ownership registration, shall pay the registration fee at the second registration or later.

Automobiles are subject to registration fees. When registering a car with competent state agencies, the buyer is responsible for paying the registration fee.

The buying and selling of imported used automobiles are also subject to registration fees, and the registration fee value for used automobiles is stipulated in Clause 4 Article 7 of Decree 10/2022/ND-CP.

What are preferential import duty rates for machine tools in Vietnam?

Based on Article 6 of Decree 26/2023/ND-CP, the preferential import duty rates for machine tools are as follows:

machine tools listed under groups 84.54 to 84.63 is subject to the following preferential import duty rates:

- machine tools that is not produced domestically is subject to a 0% preferential import duty rate. machine tools mentioned in this clause is not listed in the catalogue of domestically produced machinery and equipment issued by the Ministry of Planning and Investment.

- machine tools not falling under the case mentioned in Clause 1 of Article 6 of Decree 26/2023/ND-CP is subject to the preferential import duty rates of groups 84.54 to 84.63 stipulated in Section 1 of Appendix 2 on Preferential Import Tariffs according to the List of Goods Subject to Tax issued with Decree 26/2023/ND-CP.