The necessity of compulsory civil liability insurance for car and motorbike owners

The necessity of compulsory civil liability insurance for car and motorbike owners

Director of Insurance Supervisory Authority Ngo Viet Trung said that it was necessary to continue maintaining the regulations on compulsory civil liability insurance for car and motorbike owners.
­Customs detects trick of remodeling smuggled cars as domestically produced cars

­Customs detects trick of remodeling smuggled cars as domestically produced cars

VCN - Dong Thap Police has issued a decision to prosecute a criminal case of forging seals and documents issued by competent agencies to investigate two cars without origin detected by Dong Thap Customs.
Cars imported across Cao Bang Customs plunges

Cars imported across Cao Bang Customs plunges

VCN - According to Cao Bang Customs Department, from August 16 to September 15, 64 enterprises carried out customs procedures to import and export goods. Between January and September, 293 enterprises implemented procedures.
63,000 cars imported in first six months

63,000 cars imported in first six months

VCN - In June alone, the whole country imported 12,901 CBU cars of all kinds, with a total turnover of approximately US$300 million.
Suspected smuggled luxury car seized

Suspected smuggled luxury car seized

VCN - On May 26, the team coordinated with the local police to inspect the Huong Lua motel at Vinh Nguon ward managed by Tran Van Long, 37.
Cars as gifts and donations must pay extra income tax

Cars as gifts and donations must pay extra income tax

VCN - The GDVC has investigated and handled some cases of tax evasion and fraud or transferred to competent agencies for handling, and reported to the Prime Minister to issue management policies to prevent violations.
Problems and shortcomings in norms of special purpose vehicles

Problems and shortcomings in norms of special purpose vehicles

VCN - On January 26, 2022, the Government Office issued Official Letter 663/VPCP-KTTH announcing the direction of Deputy Prime Minister Le Minh Khai.
Payment deadlines extended for domestic automobiles

Payment deadlines extended for domestic automobiles

VCN - If the taxpayer is subject to an extension of special consumption tax (SCT), they shall not pay the SCT payable on the declared CIT declaration.
MoF proposing 50% registration fee cut for domestically assembled and produced cars

MoF proposing 50% registration fee cut for domestically assembled and produced cars

VCN – The Ministry of Finance (MoF) has announced consultation on a draft Decree on registration fees for car, trailers and semi-trailers and similar vehicles which are manufactured domestically.
HCM City Customs’ revenue increases over VND600 billion from price rulings

HCM City Customs’ revenue increases over VND600 billion from price rulings

VCN – 1st Sai Gon Seaport Customs Branch recorded the highest additional revenue of over VND500 billion from price rulings.
Registration fee for battery-powered cars may be 50% of petrol and diesel cars

Registration fee for battery-powered cars may be 50% of petrol and diesel cars

VCN – The Ministry of Finance has proposed the registration fee for battery-powered cars for the first time will be 50% of those for petrol and diesel cars to encourage automakers to produce the item.
Collect hundreds of VND billions of tax revenues from donated cars

Collect hundreds of VND billions of tax revenues from donated cars

VCN – The volume of cars imported under a non-commercial regime (donation and gift) soared in the first half of 2021. Through customs valuation, HCM City Customs Department collected more than VND500 billions of tax revenue from this item, the department said.
Impose special consumption tax on pick-up car

Impose special consumption tax on pick-up car

VCN-The GDVC cites Circular 65/2017/TT-BTC and refers to the HS 2017 of the World Customs Organization saying pick-up cars for transport of people is under heading 87.03 and pick-up cars for transport of goods under heading 87.04.
Car loans during the pandemic: Easy to borrow but difficult to repay

Car loans during the pandemic: Easy to borrow but difficult to repay

VCN- In the past few years, consumer credit has been the growth engine of many banks, including the car loan segment.
Manage cars imported under gift scheme

Manage cars imported under gift scheme

VCN- Cars imported under the gift scheme must be declared fully in the application form by individuals and organisations.
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