ID :
86992
Sat, 10/31/2009 - 08:15
Auther :
Shortlink :
https://oananews.org//node/86992
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Ministry of Finance has turned down a proposal
Hanoi (VNA) – The Ministry of Finance has turned down a proposal by the
Vietnam Automobile Manufacturers Association (VAMA) to extend the expiration
date of tax incentives on automobiles until the end of next year, a ministry
official has said.
In an effort to stimulate the economy, the Government halved value-added tax on
automobiles in February and the automobile registration fee in May.
Speaking at a meeting with VAMA on Oct. 27, a representative of the ministry said
that preferential tax policies for domestic car manufacturers could not be
extended because car buyers were already on long waiting lists at automobile
dealers.
VAMA had asked the ministry to maintain the current tax and fee rates, saying that
the domestic automobile market had yet to recover and would slow down sharply if
tax incentives were not continued.-Enditem
Vietnam Automobile Manufacturers Association (VAMA) to extend the expiration
date of tax incentives on automobiles until the end of next year, a ministry
official has said.
In an effort to stimulate the economy, the Government halved value-added tax on
automobiles in February and the automobile registration fee in May.
Speaking at a meeting with VAMA on Oct. 27, a representative of the ministry said
that preferential tax policies for domestic car manufacturers could not be
extended because car buyers were already on long waiting lists at automobile
dealers.
VAMA had asked the ministry to maintain the current tax and fee rates, saying that
the domestic automobile market had yet to recover and would slow down sharply if
tax incentives were not continued.-Enditem
