Car Taxes in Hanoi: A Comprehensive Guide for First-Time Buyers

My brother, after years of saving, finally achieved his dream of owning a car. His excitement was short-lived, however, as he soon found himself overwhelmed by the complicated paperwork and various taxes and fees, like registration and VAT.

Buying a car is a major decision. Besides securing financing and researching your desired model, understanding the associated taxes and fees is crucial to avoid unexpected surprises. So, what taxes do you need to pay when buying a car in Hanoi? This comprehensive guide will provide you with everything you need to know to confidently drive your new car home.

To illustrate, let’s use some visuals. For example, when you purchase a car, you’ll need to pay VAT (Value Added Tax), an indirect tax calculated based on the car’s value. VAT tax on a car purchase

You’ll also need to pay a registration fee, a direct tax calculated based on the car’s value and specific regulations in each province. Car registration fee payment

Additionally, there are other taxes and fees to be aware of, such as inspection fees, road maintenance fees, and road usage fees. Other car taxes and fees

Understanding these taxes and fees is essential when buying a car. It allows you to better prepare financially and avoid unnecessary complications.