Mongolia may double import tax on used cars
Parliament of Mongolia has proposed to double the tax on imported used cars.
The move is seen as aimed at reducing the burden on the roads of Mongolia.
The tax paid on imported used cars is presently $1,000 and up, depending on
the age of the car and the size of its engine. The proposed increase would
see drivers paying $ 2,000 import duty on a small used car. During the first
half of 2008, Mongolia imported over 14,000 Ja0panese used cars.
Mongolia also imports third-hand cars from Russia, Chile, UAE and New
Zealand which were imported from Japan as second hand.
Mongolia may double import tax on used cars
Parliament of Mongolia has proposed to double the tax on imported used cars.
The move is seen as aimed at reducing the burden on the roads of Mongolia.
The tax paid on imported used cars is presently $1,000 and up, depending on
the age of the car and the size of its engine. The proposed increase would
see drivers paying $ 2,000 import duty on a small used car. During the first
half of 2008, Mongolia imported over 14,000 Ja0panese used cars.
Mongolia also imports third-hand cars from Russia, Chile, UAE and New
Zealand which were imported from Japan as second hand.
