Hanoi Truck Ownership Transfer Tax: A Comprehensive Guide

Anh Tuan, a resident of Cau Giay district in Hanoi, uses his Dongfeng truck for transporting construction materials. Recently, he decided to upgrade to a newer Hyundai truck for better efficiency. Following a friend’s advice, he opted for a “notarized authorization” for a quicker and easier ownership transfer. However, a few months later, he received a penalty notice for a traffic violation committed by the previous owner. It turned out that the “notarized authorization” exposed Anh Tuan to unnecessary legal risks.

Anh Tuan’s story serves as a lesson for many who buy used trucks without fully understanding the regulations on ownership transfer tax. So, what is the procedure for transferring ownership of a truck? How much tax is payable? This article will answer your questions in detail.

What is Truck Ownership Transfer and Why is it Necessary?

Truck ownership transfer is a mandatory procedure when changing the ownership of a vehicle. This procedure helps authorities update the new owner’s information in the national vehicle registration system and clarifies the owner’s responsibilities regarding the vehicle, such as paying taxes, road fees, and handling traffic violations.

Benefits of Truck Ownership Transfer:

• Avoids legal risks associated with the previous owner.
• Facilitates procedures for buying, selling, registering, and insuring the vehicle.
• Protects the legitimate rights of the new owner.

Current Truck Ownership Transfer Tax Rates

The truck ownership transfer tax is calculated based on the vehicle’s value and engine capacity.

For Trucks:

• Registration Tax: 2% of the vehicle’s value.
• License Plate Fee: From 150,000 VND to 40,000,000 VND depending on the locality.
• Vehicle Inspection Fee: 340,000 VND per inspection.

Note:

• The vehicle’s value is calculated based on the market price at the time of transfer, often lower than the actual purchase price.
• Localities may have specific regulations on license plate fees.

Truck ownership transfer process

Truck Ownership Transfer Procedure Guide

Step 1: Prepare the Documents:

• Original vehicle registration certificate.
• Identity card/Citizen identity card/Passport of the seller and buyer.
• Vehicle purchase contract.
• Documents proving the origin of the vehicle (if any).

Step 2: Submit Documents to the Tax Department:

• Both the buyer and seller go to the Tax Department of their place of residence to submit the documents and declare the registration tax.
• After paying the tax, the Tax Department will return the original documents and issue a tax payment certificate.

Step 3: Register the Ownership Transfer at the Police Department:

• Bring the tax-paid documents to the Traffic Police Department of your place of residence to carry out the ownership transfer registration procedure.

Step 4: Receive the Vehicle Registration Certificate:

• After completing the procedure, the new owner will receive a Vehicle Registration Certificate in their name.

Frequently Asked Questions about Truck Ownership Transfer Tax

1. Can I transfer ownership if I bought the truck in installments and don’t have the original vehicle documents yet?

Answer: No. You need the original vehicle documents to carry out the ownership transfer procedure.

2. Where can I transfer truck ownership in Hanoi?

Answer: You can go to the Tax Department and Traffic Police Department in the districts where you reside, such as Cau Giay, Hoan Kiem, Hai Ba Trung, etc.

3. How long does the truck ownership transfer process take?

Answer: The transfer procedure usually takes about 1-2 weeks.

Expert Advice

Mr. Nguyen Van A, a traffic law expert, shared: “Transferring ownership of a vehicle is crucial to avoid future legal risks. Vehicle owners should thoroughly understand the regulations and procedures and fully comply with them to protect their rights.” (Excerpt from the book “Road Traffic Law Handbook”)

Used truck buying and selling

Learn More About Trucks at XE TẢI HÀ NỘI

For more detailed information about truck models, buying and selling procedures, and ownership transfer, please visit our website https://xetaihanoi.edu.vn/ or contact our hotline … for free consultation.

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Conclusion

Truck ownership transfer is an important procedure related to the rights and responsibilities of the vehicle owner. We hope this article has provided useful information to help you complete the procedure quickly and easily.