Vietnam Vehicle Registration Tax: A Comprehensive Guide

Congratulations on purchasing your new vehicle! Owning a truck, van, or any other type of automobile is a significant milestone. However, before hitting the road, you need to understand and pay the vehicle registration tax. This guide provides a detailed explanation of how to calculate vehicle registration tax in Vietnam.

Table of Contents

1. What is Vehicle Registration Tax and Why Pay It?

Vehicle registration tax is an indirect tax levied on the buyer upon acquiring ownership and the right to use a motor vehicle. Simply put, it’s a fee paid to the government to obtain a license plate and legally operate the vehicle on public roads.

The vehicle registration tax rate is stipulated in the Law on Property Tax and periodically adjusted by the Ministry of Finance.

2. Detailed Calculation of Vehicle Registration Tax

General Formula:

Registration Tax = Taxable Value of the Vehicle x Tax Rate

Where:

• Taxable Value of the Vehicle: For new vehicles, it’s the listed retail price including VAT announced by the manufacturer or importer, plus any mandatory fees (if any) required for the vehicle to participate in traffic, such as registration fees and road maintenance fees. For used vehicles, the taxable value is determined by the local tax authority where the tax is registered and paid.
• Tax Rate: Varies depending on the vehicle type and the locality of registration.

Example: Mr. Minh in Long Bien District, Hanoi, buys a new Hyundai H100 truck with a listed price of 400,000,000 VND. The registration tax rate in Hanoi is 10%. Therefore, the registration tax Mr. Minh has to pay is: 400,000,000 x 10% = 40,000,000 VND.

Calculating car registration tax

Note:

• Vehicle registration tax rates are subject to change over time and vary by location.
• You should contact the local tax authority where the vehicle is registered for specific advice on calculating vehicle registration tax and related procedures.

3. Vehicle Registration Tax Rates in Hanoi in 2023 (Reference)

Note: This table is for reference only. Specific tax rates are subject to change.

4. Important Notes When Paying Vehicle Registration Tax

• Prepare all necessary documents as required when paying vehicle registration tax.
• Pay the tax on time to avoid penalties.
• You can pay the tax directly at the tax office or online.

5. Frequently Asked Questions about Vehicle Registration Tax

Question 1: If a vehicle is purchased in a different province but registered in Hanoi, where should the registration tax be paid?

Answer: You must pay the registration tax at the tax office where you register the vehicle’s license plate, which is in Hanoi.

Question 2: Are there any registration tax reductions for used vehicles?

Answer: The registration tax rate for used vehicles is determined by the local tax authority where the tax is registered and paid.

Used car registration tax reduction

Question 3: What is the procedure for transferring ownership of a used vehicle?

Answer: You need to prepare all necessary documents as required and visit the traffic police office to complete the transfer procedure.

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Conclusion

Understanding how to calculate vehicle registration tax and related regulations is crucial when buying a vehicle in Vietnam. We hope this article has provided you with helpful information.

Contact XE TẢI HÀ NỘI today for consultation and own your dream truck!