Vietnam Truck VAT: What You Need to Know

The old saying “Better safe than sorry” always rings true, especially when making a large purchase like a truck. Besides carefully considering the model, engine, and load capacity, understanding the related taxes and fees is crucial. This article provides essential information about Vietnam’s Value Added Tax (VAT) on trucks, empowering you to make informed decisions.

Truck VAT in Vietnam

What is Truck VAT?

Truck VAT, or Value Added Tax, is an indirect tax levied on most goods and services consumed in Vietnam, including trucks.

Current Truck VAT Rate

The current VAT rate for trucks is 10% of the vehicle’s value. For example, if Mr. Minh in Cau Giay District intends to purchase a Thaco Towner 990kg truck with a listed price of 300 million VND, the VAT amount he must pay is 30 million VND (300 million x 10%).

Other Taxes and Fees When Buying a Truck

Besides VAT, when purchasing a truck, you must also pay other taxes and fees, such as:

• Registration Fee: This fee varies by locality. For instance, it’s 2% of the vehicle’s value in Hanoi and 10% in Ho Chi Minh City.
• License Plate Fee: This fee also differs between provinces, ranging from 2 to 20 million VND.
• Road Maintenance Fee: This fee depends on the truck’s load capacity and seating capacity.
• Compulsory Civil Liability Insurance: This fee depends on the vehicle type and insurance duration.

Frequently Asked Questions About Truck VAT

1. Are there any discounts or exemptions on truck VAT?

Currently, the government does not offer any discounts or exemptions on VAT for trucks.

2. Do I have to pay VAT if I buy a truck through installments?

Whether you purchase a truck outright or through installments, you must pay VAT on the vehicle’s value.

3. Do I have to pay VAT when buying a used truck?

When buying a used truck from individuals, you are not required to pay VAT. However, if you purchase a used truck from a dealership, you still have to pay VAT according to regulations.

Hanoi Trucks

Buy Trucks with Confidence at Xe Tai Ha Noi

For detailed advice on taxes and fees associated with truck purchases, as well as to choose the best truck for your needs, contact Xe Tai Ha Noi – the leading reputable truck dealer in Hanoi. We offer a wide range of trucks from renowned brands like Hino, Hyundai, Isuzu, and more, at the most competitive prices in the market.

Address:

• Showroom 1: No. 1, Pham Van Dong Street, Bac Tu Liem District, Hanoi
• Showroom 2: No. 10, Nguyen Trai Street, Thanh Xuan District, Hanoi

Hotline: 0987.654.321

Related Products

In addition to trucks, Xe Tai Ha Noi also offers other products such as:

• Dump trucks
• Tractor trucks
• Specialized vehicles

Conclusion

We hope this article has provided you with valuable information about truck VAT and other related taxes and fees. Contact Xe Tai Ha Noi today for consultation and to own your ideal truck!