Hanoi Truck Excise Tax: What Owners Need to Know

Mr. Nguyen Van Tuan, a long-time truck driver in Ha Dong, Hanoi, has been in the trucking business for nearly 20 years. He shared that taxes and fees are always among his top concerns when buying a truck. “The trucking profession is already arduous, and high taxes make it even more difficult for drivers like us,” Mr. Tuan confided. So, what is the excise tax on automobiles? Let’s delve into the details with Hanoi Trucks!

What is the Excise Tax on Automobiles?

The excise tax is an indirect tax levied on specific goods and services as stipulated by the State. For automobiles, this tax applies to vehicles manufactured or assembled domestically, as well as fully imported vehicles. The tax rate depends on engine displacement and vehicle type.

Factors Affecting Excise Tax on Automobiles

Engine Displacement

The larger the engine displacement, the higher the excise tax. This is the most crucial factor determining the tax amount payable. For example, a Hino 500 truck has a larger engine displacement than an Isuzu QKR truck, resulting in a higher excise tax.

Vehicle Type

Each vehicle type has a different excise tax rate. For example:

• Passenger vehicles: Cars, pickup trucks, Sport Utility Vehicles (SUVs)
• Trucks: Vans, cargo trucks, tractor-trailers
• Specialized vehicles: Fire trucks, cranes, concrete mixer trucks

A red Isuzu QKR truck driving on a highway

Origin

Domestically manufactured or assembled vehicles usually have a lower excise tax rate compared to fully imported vehicles.

Excise Tax Rate Table for Automobiles (Reference)

Note: This table is for reference only. The excise tax rate may change according to legal regulations.

Considerations for Truck Purchases Regarding Excise Tax

• Thoroughly research the excise tax rate applicable to the type of truck you intend to purchase.
• Compare prices at different dealerships before making a decision.
• Seek advice from experienced truck buyers.

Frequently Asked Questions about Excise Tax on Automobiles

How is the Excise Tax Calculated?

Excise Tax = Taxable Price x Tax Rate

Where:

• Taxable Price: For domestically produced vehicles, it’s the selling price excluding VAT; for imported vehicles, it’s the import price plus import tax and environmental protection tax (if applicable).
• Tax Rate: As prescribed by law.

When is the Excise Tax Payable?

The excise tax on automobiles is payable upon purchasing a new vehicle.

How to Look Up Information on Excise Tax?

You can look up information on excise tax on the Ministry of Finance’s website or contact the tax authority in your locality.

How to Buy a Truck at Hanoi Trucks

• Visit the website xetaihanoi.edu.vn and choose the truck model you are interested in.
• Call the hotline 0987.654.321 for detailed advice.
• Visit the Hanoi Trucks showroom directly at (specific address in Hanoi).

A modern showroom with a variety of trucks on display

Hanoi Trucks – Your Trusted Truck Provider in Hanoi

Hanoi Trucks is proud to be a provider of high-quality trucks at competitive prices. We offer a wide range of truck models such as:

• Isuzu Trucks
• Hino Trucks
• Hyundai Trucks
• Thaco Trucks
• Dongfeng Trucks
• And many other truck brands…

In addition, Hanoi Trucks offers financing support of up to 80% of the vehicle value, making it easier for customers to own their dream truck.