Vietnam Truck Transfer Tax: What You Need to Know

“Buy a car, sell a car – Don’t worry about the price,” is a common saying among experienced drivers when it comes to upgrading their vehicles. However, besides the joy of acquiring a desired truck, the procedures for transferring ownership and, especially, the truck transfer tax can cause headaches for many. So, what is truck transfer tax? How to calculate and pay it quickly and accurately? Let’s explore the details with XE TẢI HÀ NỘI in this article!

What is Truck Transfer Tax?

Truck transfer tax is a tax levied on individuals and organizations when buying, selling, gifting, donating, or inheriting a truck. It’s an indirect tax, meaning the taxpayer (the buyer) pays the tax through the tax authority during the ownership transfer process.

Paying truck transfer tax

How to Calculate Truck Transfer Tax

The truck transfer tax is calculated based on two main factors:

• Vehicle Value:

  • For used trucks: The value is the actual transaction price stated in the sales contract, but not lower than the price stipulated by the tax authority.
  • For new trucks: The value is the selling price including VAT declared by the business.

• Tax Rate: Currently, the tax rate for trucks is 2% of the vehicle value.

Example: Mr. Minh in Cau Giay District, Hanoi wants to buy a used truck for 200 million VND. The price stipulated by the tax authority is 180 million VND. Therefore, Mr. Minh will have to pay a transfer tax of: 180,000,000 VND x 2% = 3,600,000 VND.

Important Notes on Paying Truck Transfer Tax

• Understand the regulations on truck transfer tax to avoid penalties for late or insufficient payment.
• Consult with experts or reputable truck dealers like XE TẢI HÀ NỘI for advice and support.
• Keep all documents related to the purchase, sale, and ownership transfer for smooth tax payment and issue resolution (if any).

Frequently Asked Questions about Truck Transfer Tax

1. Who is responsible for paying the truck transfer tax?

According to regulations, the buyer is responsible for paying the truck transfer tax.

2. Where do I pay the truck transfer tax?

You can pay the tax at the Tax Department of your place of residence or the Tax Department where the vehicle is registered.

3. Is the truck transfer tax payment procedure complicated?

The tax payment procedure is quite simple. You just need to bring all the required documents to the tax authority for guidance.

Truck transfer tax documents

Buy a Truck – Visit XE TẢI HÀ NỘI Now!

With years of experience in the truck business, XE TẢI HÀ NỘI is proud to be a trusted address for customers in Hanoi and neighboring provinces. We offer a wide range of trucks from famous brands such as Hyundai, Isuzu, Hino,… with competitive prices and the best service quality.

XE TẢI HÀ NỘI – Address: No. 1, Giai Phong Street, Hai Ba Trung District, Hanoi.

Similar products: Besides trucks, XE TẢI HÀ NỘI also provides dump trucks, tractor trucks,…

Internal links:

• Learn more about vehicle ownership transfer fees
• Are three-wheeled vehicles banned? See now here

Conclusion

Hopefully, this article has provided you with useful information about truck transfer tax in Vietnam. Don’t forget to visit XE TẢI HÀ NỘI’s website for more useful information about trucks and related services.

Leave a comment below if you have any questions. XE TẢI HÀ NỘI is always ready to accompany you on every road!