Mr. Ba, a hardworking farmer from Bac Ninh province, always dreamed of owning a truck to transport agricultural products and expand his business. After years of saving, he decided to purchase a new Hyundai HD120S at the Hyundai Truong Chinh dealership. However, when researching the taxes and fees, he was unsure about the vehicle registration tax, how it’s calculated, and how much to prepare.
Mr. Ba’s story is a common concern for many truck buyers. Let’s decipher the vehicle registration tax with Hanoi Trucks in this article!
Vehicle registration tax is a direct tax that buyers must pay when registering ownership or the right to use a vehicle for the first time.
Vehicle registration tax rates are regulated by Decree 209/2013/ND-CP and Circular 140/2016/TT-BTC, and vary depending on the vehicle type and locality.
For example:
[Mr. Nguyen Van A – tax law expert – stated]: “Understanding the vehicle registration tax rate in the locality where the vehicle is registered is crucial for buyers to be financially prepared.” (Quote from “Legal Guide to Taxation”)
*Registration Tax = Registered Vehicle Value Tax Rate**
Where:
| Vehicle Type | Vehicle Value | Tax Rate | Registration Tax |
|---|---|---|---|
| Trucks under 1.5 tons | 500,000,000 VND | 2% | 10,000,000 VND |
| Trucks from 1.5 – 3.5 tons | 700,000,000 VND | 2% | 14,000,000 VND |
| Trucks over 3.5 tons | 1,000,000,000 VND | 2% | 20,000,000 VND |
Note: This price list is for reference only. The actual registration tax may vary depending on the time and the state’s tax policy.
Calculating truck registration tax
Question 1: Where do I pay vehicle registration tax?
Answer: You can pay vehicle registration tax at the Tax Department or State Treasury where you are permanently registered.
Question 2: Do I have to pay registration tax if I buy a truck on installment?
Answer: Yes. Whether you buy a car outright or on installment, you must pay vehicle registration tax.
Question 3: Is the vehicle registration tax payment procedure complicated?
Answer: The vehicle registration tax payment procedure is quite simple. You just need to bring all the required documents to the tax authority to complete the procedure.
Hanoi Trucks specializes in providing genuine Hyundai, Hino, Isuzu trucks, and more at the most competitive prices in the market. We also assist customers with completing purchase, registration, and inspection procedures quickly and professionally.
Contact Hanoi Trucks now for detailed advice on truck models and attractive promotions.
Hanoi Trucks Showroom:
In addition to trucks, Hanoi Trucks also offers other specialized vehicles such as:
To learn more about Hanoi Trucks’ products and services, please visit our website: https://xetaihanoi.edu.vn/
Truck models in Hanoi
We hope this article has provided you with useful information about vehicle registration tax. Follow Hanoi Trucks for more helpful knowledge about trucks!
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