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blue-check From March 1st, 2022: It is required to pay excise tax upon import of battery-powered electric cars

Official letter No. 859/TCHQ-TXNK dated March 15th, 2022 of the General Department of Vietnam Customs regarding implementation of Law No. 03/2022/QH15
Posted: 17/3/2022 8:16:30 AM | Latest updated: 21/3/2022 4:41:20 PM (GMT+7) | LuatVietnam: 5415 | Vietlaw: 553
VietlawOnline

Based on Article 8 of the Law No. 03/2022/QH15, the General Department of Vietnam Customs notes that from March 1st, 2022, battery-powered electric cars shall be subject to excise tax according to point g clause 4 Section I of the Excise Tariff Schedule

When importing battery-powered electric cars, enterprises shall select correct codes TB235, TB245, TB255, TB265 to declare excise tax rates appropriately.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 553
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