Essential Guide to Truck Taxes in Vietnam

Mr. Ba, a lifelong motorbike taxi driver, finally saved enough to buy a brand new Hyundai New Porter 150 truck from Hyundai Truong Chinh. He was ecstatic, sharing his joy with everyone, dreaming of escaping the harsh weather and comfortably driving long distances. However, his excitement turned to dismay when he showed me the invoice. It turned out that besides the truck’s price, he had to pay a hefty sum in taxes and fees before he could legally drive it.

Mr. Ba’s story resonates with many aspiring truck owners. So, what are the current truck taxes in Vietnam? How much are they? Let’s delve into the details below!

Paying registration tax for a truck

Truck Taxes in Vietnam

When purchasing a vehicle, especially a truck, in Vietnam, you are required to pay several mandatory taxes and fees. Here’s a detailed breakdown of each:

1. Registration Tax

This tax is levied on the first-time purchase of a new vehicle. The registration tax rate is based on the vehicle’s value and the locality of registration.

• For trucks: The registration tax rate is 2% of the vehicle’s value. For instance, if Mr. Ba bought a Hyundai New Porter 150 for 400 million VND, he would have to pay 8 million VND in registration tax.

2. Vehicle Registration Fee

After paying the registration tax, you need to register your vehicle with the traffic police department. Vehicle registration fees vary across provinces and cities.

• Hanoi: 2,000,000 VND
• Ho Chi Minh City: 1,000,000 VND (for trucks)

3. Road Usage Tax

This is an annual tax levied on all vehicles using public roads. The road usage tax depends on the vehicle type, load capacity, and seating capacity.

• For trucks: The tax is calculated as follows: Number of months of use x Monthly tax rate. The monthly tax rate is specified for each truck type (vans, light trucks, heavy trucks, etc.).

4. Compulsory Civil Liability Insurance

This is mandatory insurance for all vehicles participating in traffic. It covers expenses related to personal injury and property damage to third parties in case of an accident.

5. Other Fees

In addition to the above taxes and fees, you may incur other costs such as vehicle registration service fees and road maintenance fees.

Necessary documents for truck purchase

Important Notes on Paying Truck Taxes

• Thoroughly understand the regulations regarding truck taxes in your locality.
• Pay taxes in full and on time to avoid penalties.
• Keep all tax-related documents for future reference.

Frequently Asked Questions about Truck Taxes

1. Do I have to pay registration tax when buying a truck on installment?

Answer: Yes. Whether you buy a truck in full or on installment, you are required to pay the registration tax.

2. What is the road usage tax for a Thaco Ollin 500kg truck?

Answer: You can find the road usage tax for a Thaco Ollin 500kg truck on the Tax Department’s website or inquire directly with the dealer.

3. Where should I buy hull insurance for my truck?

Answer: You should choose reputable insurance companies such as PVI Insurance, PTI Insurance, or Liberty Insurance.

Buy Quality Trucks at Competitive Prices at Xe Tai Ha Noi

Xe Tai Ha Noi is a reputable dealer specializing in providing high-quality trucks at competitive prices. We are committed to offering our customers the best products and services.

Contact Xe Tai Ha Noi for consultation and support:

• Address: [Street Number], [Street Name], [Ward Name], [District Name], Hanoi
• Hotline: [Phone Number]
• Website: https://xetaihanoi.edu.vn/

Similar Products

Besides the Hyundai New Porter 150, Xe Tai Ha Noi also distributes other truck brands such as:

• Isuzu Trucks
• Hino Trucks
• Fuso Trucks
• Dongfeng Trucks

We hope this article has provided you with valuable information about truck taxes in Vietnam. Be an informed consumer and thoroughly research before making a purchase decision!