2023 New Car Registration Fee Calculation in Vietnam

Mr. Ba, a seasoned truck driver in Ha Dong, decided to upgrade his old Hyundai truck. Excitedly, he visited the Hyundai dealership on Nguyen Trai Street to pick up a brand new Porter H150. However, when the salesperson explained the registration fee, he felt overwhelmed by the complex calculations. Seeing this, the salesperson patiently clarified everything, helping Mr. Ba confidently complete the purchase process.

If you’re planning to buy a new car and want to understand how to calculate the latest car registration fee in 2023, let’s delve into the details with Hanoi Trucks!

What is the Car Registration Fee? Why Pay It?

The car registration fee is a mandatory payment car owners make to the government when purchasing a new car or transferring ownership. Paying this fee is a prerequisite for the authorities to issue your vehicle’s license plate.

How to Calculate the 2023 New Car Registration Fee

1. For Domestically Manufactured or Assembled Cars

Registration Fee = Taxable Value x Registration Fee Rate

Where:

• Taxable Value is stated on the VAT invoice issued by the car retailer.
• Registration Fee Rate is regulated as follows:
  • 10% for passenger cars with 9 seats or less.
  • 12% for passenger cars with 10 seats or more, trucks, and specialized vehicles.

Example: Mr. Minh buys a new Hyundai H100 truck, manufactured in Vietnam, with a listed price of 350,000,000 VND. Therefore, the registration fee he must pay is: 350,000,000 VND x 12% = 42,000,000 VND.

Salesperson consulting a customer about a Hyundai truck

2. For Imported Cars

Registration Fee = Taxable Value x Registration Fee Rate

Where:

• Taxable Value = Price at port + Import tax + Special consumption tax.
• Registration Fee Rate: The same rates apply as for domestically produced cars.

Note:

• The taxable value for new cars may vary depending on the time and local policies.
• Car owners must pay the registration fee at the tax department of their permanent residence or place of purchase.

Frequently Asked Questions about New Car Registration Fees

1. Is the registration fee waived for cars bought on installment plans?

No. You still have to pay the registration fee for the full value of the car even if you buy it on an installment plan.

2. When do I have to pay the car registration fee?

You need to pay the registration fee before registering for a license plate.

3. What documents are required for car registration fee payment?

The required documents include:

• Registration fee declaration form.
• Car purchase VAT invoice.
• ID card/Citizen identity card/Passport of the car owner.
• Other documents as required by the tax authorities.

4. Where do I pay the car registration fee?

You can pay the car registration fee directly at the tax department or online.

Brand new Hyundai truck

Hanoi Trucks – Your Trusted Truck Provider in Hanoi

If you need more information about Hyundai trucks or advice on truck purchase procedures, please contact Hanoi Trucks via Hotline: 0987.654.321 or visit our website: https://xetaihanoi.edu.vn/.