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The car import tax system in VietNam
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The car import tax system in VietNam

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  • 1. HANOI FOREIGN TRADE UNIVERSITY
  • 2. 3 main points 1. How to calculate the after-tax car price. 2. The reasons why the GOV sets the tax high. 3. Forcast the car impost in few years after.
  • 3. 1. Calculate the after-tax car price Excise tax Impost VAT Taxable price + Tax total = The after-tax price
  • 4. 1. Calculate the after-tax car price • 1.1 Impost Impost = (Taxable price) x (Impost rate) Impost rate : based on the cylinder capacity •83% Less than 2500 cc Need fosusing! •80% 2500 cc or more
  • 5. 1. Calculate the after-tax car price • 1.2 Excise tax ( the special consumption tax ) Excise tax = (Taxable price + Impost) x Excise tax rate Excise tax rate : based on the cylinder capacity too. •45% •50% •60% Less than 2000 cc Need fosusing! From 2000 to 3000 cc More than 3000 cc
  • 6. 1. Calculate the after-tax car price • 1.3 VAT VAT = (Taxable price + Impost + Excise tax) x 10% VAT rate is fixed at 10% for every kinds of goods. Need fosusing!
  • 7. Example
  • 8. Example
  • 9. Toyota Camry 3.5 LE 2009 Price in America: $20.000
  • 10. Toyota Camry 3.5 LE 2009 Impost rate Excise tax rate VAT
  • 11. 1. Calculate the after-tax car price TAX TOTAL EXAMPLE Impost = $20.000 x 80% = $16.000 + Excise tax = ($20.000 + $16.000) x 60% = $21.600 + VAT = ($20.000 + $16.000 + $21.600) x 10% = $5.760 $ 43.360
  • 12. 1. Calculate the after-tax car price EXAMPLE The after-tax price: $ 20.000 + $ 43.360 :-ss $63.360 / $20.000 = 3.168 = $ 63.360
  • 13. 2. The reasons why the GOV sets the tax high
  • 14. 2. The reasons why the GOV sets the tax high Protect the domestic automobile production Transport infrastructure Increase the government’s revenues
  • 15. 2. The reasons why the GOV sets the tax high Protect the domestic automobile production Transport infrastructure Increase the government revenues
  • 16. 2. The reasons why the GOV sets the tax high Protect the domestic automobile production Transport infrastructure Increase the government revenues
  • 17. 2. The reasons why the GOV sets the tax high Protect the domestic automobile production Transport infrastructure Increase the government’s revenues
  • 18. 3. Forcast the impost rate a few years after Impost rate 90 80 70 60 50 40 30 20 10 0 Impost rate 2012 2014 2017 - In 2018, the impost rate will be 0% But just inside ASEAN :D
  • 19. 1. Calculate the after-tax car price Excise tax Impost VAT Taxable price + Tax total = The after-tax price
  • 20. 2. The reasons why the GOV sets the tax high Protect the domestic automobile production Transport infrastructure Increase the government revenues
  • 21. 3. Forcast the impost rate a few years after Impost rate 90 80 70 60 50 40 30 20 10 0 Impost rate 2012 2014 2017 - In 2018, the impost rate will be 0% But just inside ASEAN