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Import Tax Cuts

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HO CHI MIN CITY, Vietnam (June 8) – Although European import laws stay strict and might be even stricter in the near future, Vietnam has made a gesture in the direction of that same Europe. On the eve of possible anti-dumping measures against bicycles made in Vietnam, the Vietnamese government has lowered the tax on […]

HO CHI MIN CITY, Vietnam (June 8) – Although European import laws stay strict and might be even stricter in the near future, Vietnam has made a gesture in the direction of that same Europe. On the eve of possible anti-dumping measures against bicycles made in Vietnam, the Vietnamese government has lowered the tax on scooters made in Europe from 100% to 40%. The new rules even apply to scooters imported from January 1st, 2004, so importers that have already paid tariffs will get a refund. A further product that will be lighter taxed in future is French wine…with an 80% reduction in taxes.(MH)

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