Vietnam Pickup Truck Registration Tax in 2019

The 2019 registration tax for pickup trucks in Vietnam was a mandatory fee for new vehicle registration. Understanding the tax rate, calculation method, and payment procedure streamlined the purchasing process. This article provides essential information about the pickup truck registration tax in 2019.

What is a Pickup Truck?

Before delving into the registration tax, it’s crucial to understand the classification of a pickup truck. According to Circular 229/2016/TT-BTC, a pickup truck is defined as a truck with a unibody cabin and cargo bed, having 2 to 5 seats, and a designed payload of less than 1,500 kg.

2019 Pickup Truck Registration Tax Rates

In 2019, the registration tax rates for pickup trucks remained unchanged from 2018. Specifically, the rates were as follows:

• Hanoi: 10% of the vehicle’s value
• Other provinces: 2% of the vehicle’s value

This significant difference between Hanoi and other provinces stemmed from policies aimed at limiting personal vehicles in major cities like Hanoi.

Calculating the 2019 Pickup Truck Registration Tax

The registration tax is calculated based on the vehicle’s value, which is the selling price including VAT, as verified by tax authorities or authorized organizations or individuals.

Formula for calculating the registration tax:

Registration Tax = Vehicle Value x Tax Rate

Example:

If you purchased a pickup truck in Hanoi for 500 million VND, the applicable tax rate would be 10%. Therefore, the registration tax payable would be:

Registration Tax = 500,000,000 x 10% = 50,000,000 VND

2019 Pickup Truck Registration Tax Payment Procedure

To complete the new vehicle registration process, you needed to pay the registration tax at the tax department of your permanent residence or the place of purchase. The required documents included:

• Registration tax declaration form
• Personal identification documents
• Vehicle registration certificate (original)
• VAT invoice for the vehicle purchase

Important Notes on Paying Pickup Truck Registration Tax

• Thoroughly understand the tax rates, calculation methods, and payment procedures before purchasing a vehicle.
• Prepare all required documents to avoid delays and inconvenience.
• Pay the tax on time to avoid penalties.

Advantages of Pickup Trucks

Pickup trucks have gained popularity due to their numerous advantages:

• Versatility: They can transport both people and cargo with a substantial payload.
• Powerful Performance: They offer excellent off-road capabilities, suitable for various road conditions.
• Fuel Efficiency: Compared to SUVs, pickup trucks generally have lower fuel consumption.

Comparing Registration Tax for Pickup Trucks and Other Vehicles

The registration tax for pickup trucks is often lower than that of other passenger cars. This contributes to their competitive pricing and attracts consumers.

Pickup truck vs. passenger car registration tax comparison

Conclusion

Understanding the 2019 pickup truck registration tax was essential for anyone considering purchasing a vehicle. This article aimed to provide valuable information to facilitate informed decision-making.

Frequently Asked Questions

1. Can pickup trucks be registered with a private car license plate?

Currently, pickup trucks are registered with truck license plates.

2. Can I pay the pickup truck registration tax online?

Yes, you can pay the registration tax online through the General Department of Taxation’s electronic portal.

3. What is the penalty for late payment of pickup truck registration tax?

The penalty for late tax payment is stipulated in the Tax Administration Law.

Need More Information?

For more details on [used car purchase agreement from a company], [car insurance costs], and [vehicle taxes in Vietnam in 2019], please visit our website.

XE TẢI HÀ NỘI

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