In order to implement the National Assembly standing committee resolution on a pilot project to apply vehicle excise tax No. 0137/PC, dated 4 November 2015 for the import, manufacture or assembly and distribution solely in the domestic market nationwide, the Minister of Finance issues the Instruction No. 4050/MoF, dated 1 December 2015 on Vehicle Excise Tax. The guidance defines vehicles excise tax that are calculated the tax, and not calculated, the base for calculating vehicles excise tax, method for calculation imported vehicles, methods to calculate excise tax for parts and spare parts made domestically, the declaration of excise tax, handling over the excise tax payment, etc.
The implementation of the guidance is started on 1st December 2015. As for the import of all vehicles, parts, spare parts actual prices are used according to Article 13 of Law on Customs No. 04/NA, dated 20 December 2011 and Instruction of Ministry of Finance No. 1537/MoF, dated 4 June 2012.
For the notification No. 2320/MoF, dated 22 December 2003 and No. 0325/MoF dated 15 February 2010 and other regulations that indicate about relevance price for the import of vehicle used as a basis for calculating customs and tax are eliminated and void.
Please share your feedback below and help us improve our content.