Car Purchase Taxes in Vietnam: A Comprehensive Guide

“You get what you pay for” – an old saying that still holds true. Owning a car and cruising on the open road is a dream for many. However, before realizing that dream, do you truly understand the taxes involved in buying a car? Let’s delve into the details with XE TẢI HÀ NỘI in this article!

Lost in the Maze of Car Taxes?

Here’s the story: My friend, Minh, who lives in Hoang Mai District, Hanoi, after years of saving, decided to buy a pickup truck to facilitate his construction materials business. Coincidentally, that day, I visited XE TẢI HÀ NỘI on Nguyen Van Cu Street to check out some trucks, and I ran into Minh there. He excitedly told me about his decision to buy a car, but when I asked about the taxes and fees, he seemed hesitant and unsure.

Minh’s story reflects the concerns of many people when they consider buying a car. So, what taxes do you have to pay when buying a car? What are the tax rates? Let’s decipher the “maze” of car taxes together!

Car Taxes in Vietnam: A Breakdown

1. Special Consumption Tax

This tax is levied on special goods and services, including cars. The special consumption tax rate depends on the vehicle’s engine displacement.

Example: Minh bought a pickup truck with a 2,500 cm3 engine, and the car price is 500 million VND. The special consumption tax he has to pay is: 500,000,000 x 60% = 300,000,000 VND.

2. Value Added Tax (VAT)

VAT is calculated on the selling price, including the special consumption tax. The current VAT rate is 10%.

Example: Continuing with Minh’s case, the VAT he has to pay is: (500,000,000 + 300,000,000) x 10% = 80,000,000 VND.

3. Registration Fee

This is a mandatory fee when registering a new car. The registration fee varies depending on the locality and the type of vehicle. In Hanoi, the registration fee for passenger cars is 12%, and for trucks, it’s 2%.

Example: Minh bought a pickup truck (classified as a truck), so the registration fee he has to pay is: 500,000,000 x 2% = 10,000,000 VND.

4. Other Fees

In addition to the three main taxes and fees above, when buying a car, you also have to pay other fees such as: number plate fee, registration inspection fee, road maintenance fee…

Hyundai truck in a showroom

Choosing the Right Truck: Tips from XE TẢI HÀ NỘI

If you are planning to buy a truck, visit XE TẢI HÀ NỘI – a reputable address providing a variety of truck models such as:

• Hyundai trucks
• Isuzu trucks
• Hino trucks
• …

Choosing XE TẢI HÀ NỘI, you can rest assured with:

• Guaranteed vehicle quality, clear origin.
• Competitive prices, many attractive offers.
• Professional and dedicated consulting staff.

Frequently Asked Questions about Car Taxes

1. Do I have to pay taxes when buying a car on installment?

Yes. Whether you buy a car outright or in installments, you are still obligated to pay taxes in full.

2. What is the procedure for paying taxes when buying a car?

You can pay taxes directly at the tax department or online.

3. Do I have to pay a registration fee when buying a used car?

Yes. However, the registration fee for used cars will be lower than for new cars.

4. Is there any way to minimize taxes and fees when buying a car?

You can refer to the dealer’s promotion and discount programs or choose to buy a car at the end of the year to enjoy incentives.

Feng Shui for Your “Beloved Car” – A Smooth Ride to Happiness

Vietnamese people value spiritual factors and feng shui. Choosing car colors and license plates that match feng shui is believed to bring luck and fortune to the owner. According to feng shui expert Nguyen Van A, author of the book “Feng Shui Car – Full Fortune”, homeowners with the Metal element should choose white or silver cars, while the Wood element is compatible with green and black cars…

A white car parked on a city street

Note: These are only suggestions for reference; XE TẢI HÀ NỘI does not encourage superstition.

Conclusion

Hopefully, this article has provided you with the most comprehensive overview of the taxes involved in buying a car. We wish you soon “welcome” your dream car and have a safe journey on all roads!

Leave a comment or contact XE TẢI HÀ NỘI if you need more advice on trucks or tax-related issues.