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Small cars to get cheaper in Vietnam after luxury tax cut

2016-04-08 11:01:19| Auto Dealers - Topix.net

Sales of small cars are expected to increase sharply when a lower luxury tax rate comes into effect this July, local media reported, citing industry insiders. They expected the prices of cars with engines smaller than 1.5 liters will drop by US$500-1,000 each when new tax amendments takes effect, cutting luxury tax for small cars from 45 percent to 40 percent, news website Saigon Times Online reported.

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