Ministry says no to cuts in auto registration fees – VnExpress International


Ministry says no to cuts in auto registration fees  Ministry says no to cuts in auto registration fees - VnExpress International 81560913558 1620719949 7195 1620724279

A car frame is painted in a factory in the northern province of Hai Phong. Photo by VnExpress/Minh Tuan.


The Ministry of Finance has rejected a proposal to reduce auto registration fees by half, saying it is not necessary in the current setting.

The proposal was made by the Vietnam Automobile Manufacturers Association (VAMA), seeking support for manufacturers amid the Covid-19 pandemic.

However, the Ministry of Finance said that the government had already implemented different measures to support businesses and citizens last year, including extending the deadline for payment of taxes and land use fees and incentives on special consumption tax for cars manufactured or assembled locally.

“After reviewing the proposal, the Ministry of Finance sees that lowering registration fee is not suitable with the current setting,” it said.

Last year, the government had provided a 50 percent discount on the registration fees for cars produced domestically.

The move lowered the government’s revenues by VND6 trillion ($260 million).

The Ministry of Finance also denied VAMA’s request to lower the production of cars under an import tax incentive program.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

Ministry says no to cuts in auto registration fees – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF