Hanoi Truck Excise Tax: What You Need to Know

The saying “you get what you pay for” always holds true, especially when buying a truck. Besides the vehicle price, numerous hidden costs can cause headaches for truck drivers in Hanoi and nationwide. One of these is the excise tax. So, what is this tax? How does it affect truck prices? This article from XE TẢI HÀ NỘI will decode this challenging topic!

What is the Excise Tax on Trucks?

Simply put, like a driver hauling goods from Ha Dong to Long Bien, the excise tax (also known as Special Consumption Tax) is a fee levied by the Vietnamese government on luxury goods, including automobiles. Its purpose is to regulate the market, increase state budget revenue, and limit excessive personal vehicle use.

Excise Tax Rates for Trucks:

Not all trucks are subject to the same excise tax rate. The rate varies depending on engine displacement. For example, my friend bought a Hyundai HD120 truck at a dealership on Nguyen Van Linh Street with an engine displacement under 2.5 liters, and the excise tax was 15%. Meanwhile, my cousin bought a heavy-duty truck in Cau Giay District with an engine displacement over 5.0 liters, and the tax rate was a whopping 60%.

Why Understand Excise Tax When Buying a Truck?

“Know yourself and know your enemy, and you will win a hundred battles.” Understanding excise tax helps you:

• Calculate Accurate Costs: Avoid unpleasant surprises and unexpected expenses after purchasing a truck.
• Choose the Right Truck: If you have a limited budget, you can choose a truck with a smaller engine displacement to avoid higher taxes.
• Negotiate Better Prices: Knowing the rules allows you to confidently negotiate with dealerships and avoid overpaying.

Frequently Asked Questions about Truck Excise Tax:

1. Do I have to pay excise tax when buying a used truck?

The answer is YES. However, the tax will be calculated based on the vehicle’s value at the time of purchase and is typically lower than for a new truck.

2. Are imported trucks subject to excise tax?

Absolutely YES. In fact, the tax rate for imported trucks is often higher than for domestically assembled vehicles due to additional import taxes.

3. Is there any way to reduce excise tax when buying a truck?

“You get what you pay for.” Legally reducing excise tax is difficult. However, you can choose a truck with a smaller engine displacement, a domestically assembled vehicle, or take advantage of dealership discounts and promotions.

Where to Buy Reliable and Quality Trucks in Hanoi?

XE TẢI HÀ NỘI is proud to be a leading provider of genuine, high-quality trucks at competitive prices.

• Diverse Models: From light trucks like Thaco Towner, Hyundai Porter H150 to heavy-duty trucks like Hino and Isuzu.
• Dedicated Consulting: Our knowledgeable staff understands various truck models and tax policies to help you choose the perfect vehicle.
• Installment Payment Support: Simple and fast procedures help you quickly own your “bread and butter” vehicle.

Similar Products at XE TẢI HÀ NỘI:

In addition to trucks, we also offer a variety of other vehicles such as:

• Dump trucks
• Specialized vehicles
• Tractor trucks

Vietnamese Excise Tax on Automobiles

Hyundai HD120 Truck

Conclusion

We hope this information has helped you better understand the excise tax on trucks. Be an informed consumer and choose a reputable dealer like XE TẢI HÀ NỘI to find your perfect truck!

Contact us today for detailed advice and the best quotes!