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HANOI FOREIGN TRADE UNIVERSITY
3 main points
1. How to calculate the after-tax car price.
2. The reasons why the GOV sets the tax high.
3. Forcast the car impost in few years after.
1. Calculate the after-tax car price
Tax total
VAT
Excisetax
Impost
Taxable price + = The after-tax price
1. Calculate the after-tax car price
• 1.1 Impost
Impost = (Taxable price) x (Impost rate)
Impost rate : based on the cylinder capacity
•83%Less than 2500 cc
•80%2500 cc or more
Need fosusing!
1. Calculate the after-tax car price
• 1.2 Excise tax ( the special consumption tax )
Excise tax = (Taxable price + Impost) x Excise tax rate
Excise tax rate : based on the cylinder capacity too.
•45%Less than 2000 cc
•50%From 2000 to 3000 cc
•60%More than 3000 cc
Need fosusing!
1. Calculate the after-tax car price
• 1.3 VAT
VAT = (Taxable price + Impost + Excise tax) x 10%
Need fosusing!
VAT rate is fixed at 10% for every kinds of goods.
Example
Example
Toyota Camry 3.5 LE 2009
Price in America: $20.000
Toyota Camry 3.5 LE 2009
3500 cc of cylinder capacity
Impost rate
Excise tax rate VAT
1. Calculate the after-tax car priceTA
X TO
TAL
Impost = $20.000 x 80% = $16.000
Excise tax = ($20.000 + $16.000) x 60% = $21.600
VAT = ($20.000 + $16.000 + $21.600) x 10% = $5.760
EXAMPLE
+
+
$ 43.360
1. Calculate the after-tax car price
EXAMPLE
$ 43.360
The after-tax price:
$ 20.000 + = $ 63.360:-ss
$63.360 / $20.000 =
3.168
2. The reasons why the GOV sets the tax high
2. The reasons why the GOV sets the tax high
Protect the domestic automobile production
Transport infrastructure
Increase the government’s revenues
2. The reasons why the GOV sets the tax high
Protect the domestic automobile production
Transport infrastructure
Increase the government revenues
2. The reasons why the GOV sets the tax high
Protect the domestic automobile production
Transport infrastructure
Increase the government revenues
2. The reasons why the GOV sets the tax high
Protect the domestic automobile production
Transport infrastructure
Increase the government’s revenues
3. Forcast the impost rate a few years after
- In 2018, the impost rate will be 0% But just inside ASEAN:D
2012 2014 20170
102030405060708090
Impost rate
Impost rate
1. Calculate the after-tax car price
Tax total
VAT
Excisetax
Impost
Taxable price + = The after-tax price
2. The reasons why the GOV sets the tax high
Protect the domestic automobile production
Transport infrastructure
Increase the government revenues
3. Forcast the impost rate a few years after
- In 2018, the impost rate will be 0% But just inside ASEAN
2012 2014 20170
102030405060708090
Impost rate
Impost rate