Cambodia To Cut Part Of The Car Import Tax On March 1

- Feb 28, 2021-

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Cambodian Prime Minister Hun Sen issued a government order on February 16 to reduce the import tax of some cars from March 1, with a range of 10% to 20%. The special tax on private cars with an exhaust capacity of less than 3000cc will be reduced by 10%, and the special tax on private cars with an exhaust capacity of more than 3000cc will be reduced by 15%.

In addition, the special tax on pure electric vehicles for household and passenger use decreased by 20%, that is, from 30% to 10%, in order to reduce expenses and promote environmental protection; the special tax on trucks decreased by 15%, that is, from 40% to 25%. The special tax on semi trailers and large trucks weighing more than 5 metric tons was reduced from 40% to 30%; the tax on trucks, cranes and special vehicles was reduced by 10%, that is, from 40% to 30%.

According to Cambodia's Ministry of Finance and economics, the adjustment of some special tax rates on automobiles aims to reduce automobile tax and logistics costs and promote environmental protection.

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