Vietnam’s Special Consumption Tax on Trucks: A Buyer’s Guide

Anh Tuan, a construction material supplier in Long Bien District, Hanoi, is planning to purchase a Hyundai Mighty truck for his business. He’s heard rumors about adjustments to the “special consumption tax on automobiles” and is unsure how it might impact his purchase. If you share Anh Tuan’s concerns, let xetaihanoi.edu.vn guide you through the details of this tax.

What is the Special Consumption Tax (SCT) on Automobiles in Vietnam?

The Special Consumption Tax (SCT) is an indirect tax levied on domestically produced or imported goods and services considered luxurious, non-essential, or harmful to health, the environment, or social morality. For automobiles, the SCT rate is based on engine displacement and vehicle type.

Key Concepts Related to SCT on Automobiles:

• Engine Displacement: The total volume of all cylinders in an engine, measured in liters (L) or cubic centimeters (cc).
• Passenger Vehicles: Includes cars with fewer than 9 seats, Sport Utility Vehicles (SUVs), and pickup trucks.
• Trucks: Vehicles primarily designed for transporting goods.

Special Consumption Tax Rates for Automobiles in 2023

Note: This table is for reference only and may change based on government tax policies.

Vietnam's Special Consumption Tax on Trucks

Important Considerations Regarding SCT When Buying a Truck

• Understand Technical Specifications: Before purchasing a truck, thoroughly research the engine’s displacement to determine the applicable SCT.
• Stay Updated on Tax Policies: Tax policies can change, so stay informed through official sources to avoid unexpected costs.
• Compare Prices at Different Dealerships: Dealerships may offer different prices and promotions. Compare prices at reputable dealerships, such as Thai Phong Auto on Nguyen Van Cu Street, Long Bien District, Hanoi, to find the best deal.

Frequently Asked Questions about SCT on Automobiles

How is the SCT Calculated?

The SCT is calculated based on the vehicle’s selling price, including Value Added Tax (VAT). For example, if a Hyundai H100 truck costs 1 billion VND (including VAT) and has a 2.5L engine, the SCT would be 250 million VND (1 billion x 25%).

Does Financing a Truck Reduce the SCT?

Financing a truck does not affect the SCT. The full amount of tax is still due.

Should I Buy a Used Truck to Save on SCT?

Buying a used truck might save on the initial purchase price, but consider factors like vehicle condition, repair costs, and maintenance.

Hyundai H100 Truck

XE TẢI HÀ NỘI: Your Best Choice for Buying a Truck

If you need a truck, XE TẢI HÀ NỘI offers a wide selection of reliable, high-quality trucks at competitive prices. We provide a superior buying experience with:

• Diverse range of trucks from leading brands like Hyundai, Hino, and Isuzu.
• Professional and dedicated sales team to help you choose the right truck for your needs.
• Financing options with favorable interest rates.
• Reliable warranty and maintenance services.

Contact XE TẢI HÀ NỘI for consultation and the best quotes!

Similar Products

Besides the Hyundai H100, XE TẢI HÀ NỘI offers other trucks such as:

• Hyundai Porter H150
• Isuzu QKR
• Hino XZU

Conclusion

We hope this article provides valuable information about the Special Consumption Tax on automobiles in Vietnam, empowering you to confidently choose and purchase your ideal truck. For any questions, leave a comment below or contact XE TẢI HÀ NỘI directly. Visit xetaihanoi.edu.vn for more information about the truck market.