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From July 1st, the vehicle tax rate will drop to 15%, but the motorcycle will remain unchanged.
On May 22, the Ministry of Finance issued a notice stating that since July 1, 2018, the import tariffs on complete vehicles and parts will be reduced. The tax rate of 135 tax numbers with a vehicle tax rate of 25% and four tax numbers with a tax rate of 20% is reduced to 15%.
However, in this list of adjusted tax rates, two-wheeled motorcycles are not included, but four-wheeled ATV models have entered the list.
However, when the tax rate on imported cars has dropped to 15%, our imported motorcycles still maintain a minimum tax rate of 30%. For some models, the tariff is even as high as 45%.
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