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Publication permit No: 60/GP-TTĐT , April 05, 2010.
MOF to punish car importers for tax evasion
Date: 9/17/2009 9:32:10 AM
Customs agencies have been instructed to collect tax arrears on imported Kia Morning and Matiz cars which were declared by importers as vans to enjoy lower tariffs.
MOF to punish car importers for tax evasion.
In a document sent to the Hai Phong Customs Agency last week, leaders of the Ministry of Finance wrote that certain car importers had committed fraud when declaring imports of vans with two seats and loading capacity of 300 kilogrammes.
The General Department of Customs made a post-customs clearance examination over the Kia Morning and Matiz vehicles imported into Vietnam by one enterprise through Hai Phong port under the mode of complete built units (CBU).
These cars have four seats; however, two seats had been removed from the back so they could be declared as vans. Under the current tax laws, vans, which are defined as cargo-carrying vehicles, are imposed the import tariff of 60 percent and are exempted from luxury tax and value added tax (VAT).
The ministry has asked the Hai Phong Customs Agency to collect tax arrears from the importers. The tariff on the imported Kia Morning and Daewoo Matiz is 83 percent, the same rate as five-seat cars. Moreover, these cars also bear two other kinds of tax, the luxury tax of 45 percent and VAT of 10 percent.
The ministry has also asked the Hai Phong Customs Agency to clarify the fraud committed by the importers and impose punishment in accordance with the current laws. It has also instructed the agency to punish any customs officers who assisted importers in the case.
The customs general department sent documents to two South Korean automobile manufacturers, Kia Motors and Daewoo, to clarify the functions of the imported cars.
Daewoo said that it is manufacturing a Matiz van, but just for domestic consumption and not for export.
(Source:VietNamNet + VNE)
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