A-Z Guide to Truck Taxes in Vietnam

“Respect tradition, good fortune will come.” Vietnamese people have long valued spiritual factors, especially in major decisions like buying a truck. My friend, Minh “the crane,” living in Long Bien district, Hanoi, carefully chose an auspicious day and a truck color that matched his zodiac sign before bringing home his Hyundai HD120S, hoping for good luck in his business. Besides investing in the truck itself, he also had to set aside a considerable amount for taxes and fees. So, what truck taxes are required in Vietnam? Let’s find out with Hanoi Trucks!

Truck Taxes: What You Need to Know

Understanding truck taxes is crucial when deciding to purchase a vehicle, as it directly impacts your budget. Below is detailed information about each type of tax:

1. Registration Fee

The registration fee is mandatory when registering vehicle ownership for the first time.

• Rate: 10% of the vehicle value for domestically manufactured or assembled trucks; 15% for fully imported trucks. In Hanoi, the rate is 12%.
• Example: Minh bought a domestically assembled Hyundai HD120S for 800 million VND. His registration fee is: 800,000,000 x 12% = 96,000,000 VND.

2. Special Consumption Tax (SCT)

Special Consumption Tax applies to luxury goods, including trucks.

• Rate: Depends on engine displacement. Trucks with larger engines have higher tax rates.
• Example: Minh’s Hyundai HD120S has a 3.9-liter engine, falling into the 25% tax bracket. His SCT is: 800,000,000 x 25% = 200,000,000 VND.

Hyundai HD120S Truck

3. Value Added Tax (VAT)

Value Added Tax is calculated on the vehicle value plus the Special Consumption Tax.

• Rate: 10%.
• Example: Minh’s total vehicle value after adding SCT is: 800,000,000 + 200,000,000 = 1,000,000,000 VND. His VAT is: 1,000,000,000 x 10% = 100,000,000 VND.

4. License Plate Registration Fee

The license plate registration fee is paid when registering a new vehicle’s license plate.

• Rate: Varies depending on the location and type of license plate.
• Example: In Hanoi, the truck license plate registration fee is 20,000,000 VND.

5. Road Maintenance Fee

The road maintenance fee is an annual payment contributing to the upkeep and repair of the road system.

• Rate: Depends on the truck’s load capacity and type.
• Example: For a Hyundai HD120S, the annual road maintenance fee is approximately 3,600,000 VND.

6. Vehicle Insurance

In addition to the above taxes and fees, truck owners must purchase compulsory civil liability insurance. Other voluntary insurance options include vehicle damage insurance and passenger accident insurance.

Truck on the Road

Truck Tax Summary Table

Important Notes on Paying Truck Taxes

• Research truck taxes thoroughly from official sources like the General Department of Taxation’s website or consult directly with dealerships to avoid overcharges.
• Prepare all necessary documents for tax payment.
• Pay taxes on time to avoid penalties.

Frequently Asked Questions about Truck Taxes

1. Do I need to pay the registration fee when buying a truck in installments?

Yes. Whether you buy a truck outright or in installments, the registration fee is mandatory.

2. Do used trucks require a registration fee?

Yes. However, the registration fee will be calculated based on the remaining vehicle value after depreciation.

3. Where do I pay truck taxes?

You can pay taxes at the local Tax Department or online via the General Department of Taxation’s portal.

4. Are there any tax incentives for buying trucks?

Currently, there are some tax incentives for electric trucks and environmentally friendly trucks.

Buy Your Truck at Hanoi Trucks

If you need a truck, visit Hanoi Trucks – a reputable address offering quality trucks at competitive prices. We are committed to your complete satisfaction with:

• A wide range of truck models and brands, including Hyundai, Hino, and Isuzu.
• Financing options up to 80% of the vehicle value with preferential interest rates.
• Fast and professional procedures.
• Nationwide delivery.

Contact us now at hotline 0989.XXX.XXX for consultation and the best quotes!

You can also explore other truck models such as:

• Hyundai HD100S Truck
• Hino XZU720 Truck
• Isuzu QKR77HE4 Truck

Hanoi Trucks – Your Partner on Every Road!