Posts Tagged ‘taxes’

Excise Tax could Double in Mongolia

October 16, 2008

According to UB Post (Mongolian news agency), the Mongolian Parliament is looking to increase excise taxes on used cars to stem import levels.

Mongolia has been experiencing all time high car import levels these recent years. And as more young men and women come to driving age the expect a very large increase of drivers in the next 5 years. Unfortunately, the infrastructure in Mongolia is not prepared to handle the new massive load and Ulaanbaatar’s (the capitol) roads are already being pushed to their limits.

Mongolian car traders and exporters alike may want to complete deals before the proposal gets approved in Parliament and new import taxes rates are implemented (possibly).

Source- UB Post

Australian Import Duty Going Down in 2010?

February 5, 2008

A little tidbit of information I’ve found. I don’t know if it will go through or not, but according to the 2007 Australian Customs Tariff Schedule, we may see the Duty rate drop from 10% to 5% in 2010. Here is what it says:

Tarrif Numbers 8703.21, 8703.22, 8703.23, 8703.24, 8703.31, 8703.32, 8703.33, 8703.90
—-Used or secondhand vehicles

10%, and $12 000 each [that is $12,000 if you fail to get import approval before arrival]

From 1 January 2010:
5%, and $12 000 each [same as above]

Source (PDF)

If that is true, that will make importing even cheaper for Australian looking to import JDM. Hopefully it gets through.

For more information on Importing to Australia, and other countries, visit:

http://japan-used-car-exporting.info/import/