December 18, 2017 23:44

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Over 450 billion VND of tax will be collected by the Customs from nearly imported 400 Audi cars

09:48 | 02/12/2017

VCN- According to information resource of the Customs Newspaper, 389 Audi cars which were temporarily imported into Vietnam for APEC Senior Official’s Meeting have been carried out Customs procedures for domestic consumption. The Customs expects to collect tax amount of 450 billion VND from changing of using purpose of these cars.  

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Audi cars were temporally imported into Vietnam for APEC Senior Official’s Meeting

Talking with a reporter of Customs Newspaper, the leader of Hiep Phuoc Port Customs Branch-Ho Chi Minh City Customs Department said that ASIA Auto Co., Ltd carried out Customs procedures for domestic consumption for 389 Audi cars which had temporarily imported for APEC Senior Official’s Meeting in Vietnam.

Nearly 400 cars were temporarily imported in 3 times including 5 types of car: 74 Audi A4 cars, 36 Audi A5 cars, 114 Audi A6, 79 Audi Q5 and 87 Audi Q7.

For Customs valuation for Tax calculation, pursuant to Official letter 6804/VPCP-KTTH of the Government, the tax rate of imported cars for APEC Senior Officials’ Meeting in Vietnam, which are used within the APEC meeting time as required by Material-Logistics Sub-Committee but are actually used less than 91 days, will be declared in accordance with the regulations and reduces maximum 10% of CIF price for new imported cars.

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Total 5 car types of 389 Audi cars

According to the calculation of Hiep Phuoc Port Customs Branch, based on the Company declaration, if reducing tax rate at 10%, the total amount of tax that the company must pay was over 460 billion VND; if reducing tax rate of 12 %, the company must pay over 450 billion VND (current exchange rate of 26,725 USD/EUR).For imported cars for APEC Senior Officials’ meeting in Vietnam, which are used within the APEC meeting time as required by Material-Logistics Sub-Committee but are actually used more than 91 days, will be declared in accordance with the regulations and reduces maximum 12% of CIF price for new imported cars.

By Le Thu/Ngoc Loan