Used Car Taxes in Vietnam: A Comprehensive Guide

“Next month, with my salary and savings, I’ll finally have enough to buy a used Kia Morning for ride-hailing. I heard there are many taxes involved in buying a used car. I wonder how expensive it will be?” My colleague’s lament during lunch break reminded me of my own experience when I first bought a car, struggling to understand all the tax information. So today, I’ve decided to share my experience to help answer your questions about taxes on used cars and important things to note for a smooth and legitimate purchase.

Taxes to Pay When Buying a Used Car in Vietnam

When buying a used car in Vietnam, you need to be aware of two main taxes:

1. Registration Tax

Registration tax is a tax you must pay when registering the ownership of a vehicle. The registration tax rate for used cars is calculated based on the year of manufacture and the value of the vehicle.

Example: You buy a 2018 Hyundai Porter truck at XE TẢI HÀ NỘI on Nguyen Van Linh Street, Long Bien District, Hanoi. The tax officer will refer to the used car price list issued by the Ministry of Finance to determine the car’s value, then apply the corresponding tax rate to calculate the registration tax amount you have to pay.

Registration Tax Rates for Used Cars in Hanoi:

Note: Registration tax rates may vary depending on the period and location.

2. Vehicle Registration Fee

In addition to the registration tax, you need to pay a vehicle registration fee. This fee is regulated by each locality.

Example: In Hanoi, the car registration fee ranges from 1 to 2 million VND.

Car Registration Fees in Hanoi:

Used Hyundai Porter Truck

Frequently Asked Questions About Buying a Used Car

Do I need to pay VAT when buying a used car?

You do not need to pay Value Added Tax (VAT) when buying a used car. VAT only applies to new goods and services sold by manufacturing and trading businesses.

What is the procedure for paying taxes and fees when buying a used car?

After completing the purchase procedures with the previous owner, you need to go to the Tax Department to declare and pay the registration tax. Then, you bring the tax payment receipt to the Vehicle Registration Office to complete the registration procedures and pay the registration fee.

Tips for Buying a Used Car

• Choose to buy a car from reputable dealers with complete legal documents like XE TẢI HÀ NỘI.
• Carefully inspect the vehicle’s condition before making a purchase.
• Consult with experienced individuals.
• Choose an auspicious date and time for purchasing the car according to feng shui to “avoid bad luck” and “bring fortune” home. For example, you can consult a feng shui expert to choose a date and time that suits your age and destiny.

Feng Shui for Buying a Used Car

Conclusion

Hopefully, this article has answered your questions about taxes on used cars and provided other necessary information. We wish you a successful purchase of your desired vehicle!

Share this article if you find it helpful and don’t forget to visit xetaihanoi.edu.vn for more useful information about trucks!