The import tax for CBU cars will be enlarged by 13% to 83% from the current 70%, according to a new decision dated April 17 by the Ministry of Finance.

The import tariffs on automobile spare parts have also been familiar to rise by 3-5% depending on types of the imported spare parts. Those spare parts that have already been manufactured by domestic enterprises will be subjected to higher tariffs.

This is the second time this year the import excise for CBU cars have been adjusted to increase and the first time within the past five years import tariff for automobile spare parts have been increased.

The decision becomes valid 15 days after it is published on the gazette and be applied to customs declarations from April 22.