MARKETS * VietNam - Tax on specialised trucks to be raised
Hanoi,Vietnam -The VietNamNet Bridge –15 Mar 2007: -- The Ministry of Finance (MoF) is considering raising import tax rates on trucks in order to protect local production... The import tax rates on over 20 tonne tracks will be raised from 15-20% to 25-30%. The rates on used trucks will be 1.5 times higher than brand new vehicles... MoF said that the tax increase would have big influences on vehicle users, especially the transport companies which have high demand for trucks. It is estimated that with the new tax rates, the prices of trucks will be 8.3-8.7% higher than the current levels...
Labels: taxes policy
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