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Ho Chi Minh City Customs Department: Revenue from automobile decreased over VND 2,000 billion

20:25 | 11/03/2018

VCN- According to Ho Chi Minh City Customs Department, as of the first two months of 2018, at 2 Customs units specializing in carrying out Customs  procedures for imported automobiles, revenue decreased by VND 2,117 billion.  

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The first imported shipment in beginning of March enjoins a zero % tax rate. Photo: T.H

Decree 116/2017/ND-CP dated 17th October 2017 of the Government stipulating the conditions for import of automobiles taking effect on 1st January 2018, has affected the import of automobiles with less than 9 seats.

Accordingly, the automobile importers must comply with provisions in the Decree. Therefore, when importing automobiles, these importers must be granted a permit by the Ministry of Industry and Trade and meet some conditions on emissions and have certificates issued by the importing country. Currently, only 1 company has imported the first automobile shipment with more than 1,000 units.

In the first 2 months of 2018, Hiep Phuoc Border Gate Customs Branch and Sai Gon Port Customs Branch Zone 3 only collected nearly VND 583 billion; meanwhile these Branches collected VND 2,700 billion for the same time period in 2017. Hence, the revenue collected by these Branches from automobile import decreased by VND 2,117 billion.

By Le Thu/Ngoc Loan