Luxury car showroom clean new cars

After the information of Tienphong Regarding the fact that many luxury cars are imported to Vietnam by way of gifts, there are many irregularities related to taxes, processes and documents, Deputy Prime Minister Le Minh Khai assigned the Ministry of Public Security and the Ministry of Finance to coordinate with other agencies. related information inspection and verification.

Large private showrooms in Hanoi, which sell these imported cars, immediately moved all new cars out of the stores. While HC Auto, Son Tin Luxury Cars clean cars in showrooms, and stores are empty and closed, other places such as Son Tung Auto, Auto 568, TF1 Auto or Viet Auto are still in business but only displaying used cars. used, most new cars are absent.

Representatives of these stores said “return the car to the dealer” to avoid having the property sealed for investigation. Sales activities therefore also slowed down compared to the previous days, although they still offered to sell used luxury cars at the store.

Since 2017, Decree 116 stipulates the conditions for importing cars to have a certificate of quality and type, making it impossible for showrooms to meet. Many shops closed, many traders quit their jobs. The remaining ones switch to the car business to surf (have run very little) or buy cars from other units, which is called a dealer.

The two big issues that the authorities have clarified are whether these cars are tax evasion and whether the cars returning home by way of gifts or donations appear in the showroom whether it is legal or not.

About taxAt the meeting with the press agency on May 25, the General Department of Customs also said the form of cars returning home in the form of gifts, gifts no loss of tax revenue. Currently, there are no tax incentives between cars imported as gifts or gifts and cars imported for commercial purposes, the tax rate is the same.

In addition to import, excise, and value-added taxes, organizations or individuals that receive vehicles under this category must also pay extraordinary income tax.

About the legitimacy Regarding the vehicle import documents, the purpose of importing the car, the process is still being investigated by the competent authorities, no final conclusion has been reached.

New/old, genuine/non-genuine imported cars always bring conflicts of interest over the past 20 years. Imported cars are always considered as restricted goods, so the policies are very strict. In 2002, the highest import tax was 120%. Until 2006, the state allowed the import of used cars, but the tax rate was still towering.

In 2011, Circular 20 of the Ministry of Industry and Trade stipulates that only genuine cars can be imported. Since then, private car showrooms have switched to selling surf cars, or selling cars in the form of overseas Vietnamese repatriation, gifts, and gifts. By 2017, overseas Vietnamese cars repatriated were subject to tax arrears, so this road was closed, leaving only gifts and donations.

In 2017, Decree 116 was introduced as a stricter upgrade of Circular 20. Since then, the business of imported cars from private shops has become even more difficult.

However, showrooms still find ways to bring cars back, mainly as gifts and gifts because customer demand is still very much. A luxury car dealer said, buying and selling imported luxury cars will be difficult to stop because there are many genuine dealer cars that cannot meet.

Currently, many customers who have bought imported luxury cars at private salons are also quite confused because they do not know whether these cars are completely legal or not and whether they will be kept for investigation.

Although it can be troublesome, for those who want to play luxury cars, a private showroom is still the first choice.

“Usually, the car models that I want can’t be found in the genuine units, if there are any, the waiting time for the car is very long, lasting from a few months to more than a year. The car of the private unit also sells well. In the future, if I have a need to change another car but a genuine dealer can’t meet it, I still choose a private company to bring the car,” said Le Duc, owner of two cars. private import luxury car sharing.

Anh Duong – Pham Quynh