Hung Le
A Toyota Innova car is seen on the road in this fi le photo. VAMA has rejected news about a possible steep automobile price plunge next year - PHOTO: TL
In a document submitted to the competent authorities, VAMA said online media had reported on the possibility that prices of vehicles of less than nine seats would plunge by hundreds of millions of dong next year. However, according to VAMA, inaccurate information may lead to confusion and misunderstanding among consumers.
VAMA’s objection comes after dealerships have run into difficulties over the past week due to falling sales though this is the peak car sale season of year. Consumers seem to be waiting for car prices to drop next year following news reports, dealerships explained.
Regarding import tax on vehicles of less than nine seats shipped
from ASEAN nations next year, VAMA said it has yet to receive any official announcement from the Ministry of Finance on tax reductions in line with the ASEAN Trade in Goods Agreement (ATIGA).
The proposed import tax discussed by VAMA and the competent agencies is still 50% next year, equivalent to this year’s rate.
The Ministry of Industry and Trade proposed keeping a import tax of 50% by 2017 while the finance ministry wants 50% next year, 40% in 2016 and 30% in 2017.
However, such proposals are awaiting the Government’s consideration and approval. VAMA stated the ATIGA import tariff on completely built-up (CBU) cars will remain unchanged next year, the association’s chairman affirmed.
In terms of special consumption tax imposed on autos next year, the current rate is still in effect and will not change, the association added.
The National Assembly (NA) has recently passed the Law on Special Consumption Tax which will take effect in early 2016. The new law also stipulates that the special consumption tax imposed on autos remains unchanged while proposals to reduce the tax have yet to be approved by the finance ministry.
Therefore, VAMA stated tax policies are unlikely to influence auto prices next year.
Although tax tariffs decreased to 50% earlier this year, compared to last year’s rate of 60%, auto prices did not follow suit while prices of some imported vehicles were still high, especially those shipped from Thailand and Indonesia.
Representatives of Ford Vietnam and Toyota Vietnam said import tax is part of many factors that constitute selling prices in addition to models and exchange rate, among others.
Đăng ký: VietNam News
