My friend Tuan, from Cau Giay District, Hanoi, always dreamed of owning a powerful pickup truck for his construction materials business and to satisfy his passion for off-roading. After years of saving, he finally had enough money to bring his “second wife” home. However, when he researched the purchase procedures, Tuan was shocked to learn that in addition to the vehicle’s price, he also had to pay a hefty special consumption tax (SCT).
So what is the special consumption tax on pickup trucks? What is the current tax rate? This article will answer your questions in detail.
The SCT on pickup trucks is an indirect tax levied on pickup trucks sold in Vietnam. This tax is calculated based on the vehicle’s engine displacement.
| Engine Displacement | SCT Rate |
|---|---|
| Under 1,500 cc | 5% |
| From 1,500 – 2,000 cc | 10% |
| Over 2,000 cc | 15% |
Example: Tuan buys a Ford Ranger pickup truck with a 2.0L engine. Therefore, Tuan will have to pay a 10% SCT.
1. Do used pickup trucks require SCT payment?
Answer: Used pickup trucks do not require SCT payment. The SCT only applies to brand new vehicles.
2. Are there any exemptions or reductions for pickup truck SCT?
Answer: Currently, there are no exemptions or reductions for pickup truck SCT.
3. Do I have to pay SCT when buying a pickup truck through financing?
Answer: Yes. When buying a vehicle through financing, you still have to pay the full SCT to the bank or lending company.
Ford Ranger Pickup Truck
Choosing a pickup truck that suits your needs and budget is crucial. After carefully researching the taxes and fees, Tuan decided on a Ford Ranger at a truck dealership on Nguyen Van Linh Street, Long Bien District. He shared: “I chose the Ford Ranger because it meets both my cargo transportation and urban driving needs. Moreover, the dealership was very helpful in advising me on the purchase and registration procedures.”
Are you looking to buy a truck or pickup truck? Come to XE TẢI HÀ NỘI for the best service:
In addition, XE TẢI HÀ NỘI also offers other truck products such as:
Contact XE TẢI HÀ NỘI today for consultation and the best quotes!
Hanoi Truck Dealership
We hope this article has provided you with useful information about the special consumption tax on pickup trucks. Understanding tax regulations will help you proactively plan your finances when buying a vehicle. We wish you the best in finding your ideal pickup truck!
Don’t forget to visit the XE TẢI HÀ NỘI website for more useful information about trucks and pickup trucks!
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