Understanding Motorcycle Taxes in Vietnam: A 2023 Guide

Mr. Ba, a resident of Long Bien district, had saved up his entire life to buy his son a brand new Hyundai Porter H150 van as a gift for his soon-to-open grocery store on Hang Duong street. Fresh out of the Hyundai dealership on Giai Phong road, Mr. Ba eagerly inquired about the procedures and costs. The salesman quickly replied, “The Hyundai Porter H150 is a hot seller, sir! It’s reasonably priced and durable. Besides the listed price, you only need to pay the registration fee and license plate fee, that’s all!”

Overjoyed, Mr. Ba excitedly proceeded with the paperwork. However, upon receiving the vehicle, he was shocked to discover a series of unexpected fees, including road maintenance fees and inspection fees. Mr. Ba was devastated, realizing he had almost fallen into a trap due to his lack of research on vehicle taxes.

Mr. Ba buying a truck

Mr. Ba’s story serves as a valuable lesson for many when purchasing a vehicle. So, what taxes and fees are involved when buying a motorcycle in Vietnam? Let’s explore this with Xe Tai Ha Noi!

Motorcycle Taxes in Vietnam: Detailed and Transparent

1. Value Added Tax (VAT)

• Description: VAT is an indirect tax levied on the added value of goods and services during production and distribution. The current VAT rate is 10%.
• Calculation: VAT = 10% x Vehicle price excluding VAT

2. Registration Fee

• Description: This is a mandatory fee for owners of motor vehicles. The current registration fee for new motorcycles is 2% nationwide.
• Calculation: Registration Fee = 2% x Vehicle Value

Note: The vehicle value used to calculate the registration fee is specifically defined for each vehicle type by the Ministry of Finance.

3. Vehicle License Plate Fee

• Description: This fee is required to obtain a license plate for the vehicle. The motorcycle license plate fee varies by locality.
• Calculation: License Plate Fee = Prescribed Fee x Number of Plates

Example: Tuan, residing in Cau Giay district, Hanoi, purchases a Honda SH Mode for 60 million VND. The license plate fee for motorcycles in Hanoi is 2 million VND.

Therefore, Tuan’s total on-the-road cost will be:

• VAT: 10% x 60,000,000 = 6,000,000 VND
• Registration Fee: 2% x 60,000,000 = 1,200,000 VND
• License Plate Fee: 2,000,000 VND

Total: 60,000,000 + 6,000,000 + 1,200,000 + 2,000,000 = 70,200,000 VND

4. Road Maintenance Fee

• Description: This fee applies to all vehicles participating in traffic and is used for the maintenance and repair of the road system.
• Calculation: The road maintenance fee is calculated periodically based on the vehicle’s engine displacement.

5. Road Usage Fee

• Description: This fee applies only to cars.

6. Inspection Fee

• Description: This is the fee paid for vehicle inspection to ensure technical safety and environmental protection.

Note: This fee may vary depending on the inspection center.

Frequently Asked Questions About Motorcycle Taxes:

1. Do I have to pay a registration fee when buying a used motorcycle?

Answer: Yes, but the registration fee for a used motorcycle is lower than for a new one. Specifically, the registration fee for used motorcycles in Hanoi is 1% of the vehicle value.

Used motorcycle sale

2. What is the procedure for paying taxes and fees when buying a motorcycle?

Answer: You can pay directly at tax offices or make online payments.

3. Do I have to pay these taxes and fees when buying a motorcycle on installment?

Answer: Yes. When buying a motorcycle on installment, you still have to pay all taxes and fees as when buying in cash. However, some dealers or banks may offer financing options for these fees.

Buy Reliable and Affordable Trucks at Xe Tai Ha Noi

In addition to understanding taxes and fees, choosing a reputable truck dealer is also crucial. Xe Tai Ha Noi is proud to be a leading provider of quality trucks and vans at the best prices in the market.

We are committed to:

• Providing genuine vehicles with complete documentation.
• Offering financing of up to 70% of the vehicle value.
• Ensuring quick procedures and delivering vehicles to your doorstep.

Contact Xe Tai Ha Noi today for consultation and the best quotes!

Address: No. 1, Nguyen Trai Street, Thanh Xuan District, Hanoi. Hotline: 0987.654.321

Similar Products

Besides the Hyundai Porter H150 van, Xe Tai Ha Noi also offers a wide range of trucks, dump trucks, and specialized vehicles such as:

• Isuzu Trucks
• Hino Trucks
• Dongfeng Trucks
• Howo Dump Trucks
• Self-Loading Crane Trucks

Conclusion

Understanding the taxes and fees associated with buying a motorcycle is essential for financial planning and avoiding unnecessary trouble. We hope this article has provided you with useful information.

If you have any questions, please leave a comment below or contact Xe Tai Ha Noi directly for detailed advice.