Hanoi Truck Tax Guide: 2020 Vehicle Registration Fees

Anh Tuan, a grocery store owner in Hanoi’s Old Quarter, always dreamed of owning a small truck for deliveries. In 2020, with the economy improving, he decided to make his dream a reality. After careful research, he chose a 2020 Hyundai Porter, perfectly suited to his needs and budget. However, he was unsure about the taxes and fees involved, especially the 2020 vehicle registration tax. After consulting with a Hyundai dealership, he confidently completed the purchase.

Anh Tuan with his new Hyundai Porter truck

What is the 2020 Vehicle Registration Tax?

The vehicle registration tax is a fee individuals and organizations must pay when registering ownership of a motor vehicle for the first time in Vietnam. This tax is calculated based on the vehicle’s value and the tax rate stipulated by each locality.

2020 Vehicle Registration Tax Rates

In 2020, the following vehicle registration tax rates applied:

• Hanoi: 12% of the vehicle’s value
• Ho Chi Minh City: 10% of the vehicle’s value
• Other provinces: 10% of the vehicle’s value

Factors Affecting the 2020 Vehicle Registration Tax

• Vehicle type: Cars, trucks, and specialized vehicles have different tax rates.
• Year of manufacture: New and used vehicles have different tax rates.
• Vehicle value: The higher the vehicle’s value, the higher the registration tax.
• Registration area: Each locality has its own regulations regarding the registration tax rate.

Important Notes When Paying the 2020 Vehicle Registration Tax

• Pay the tax on time to avoid penalties.
• Keep relevant documents as proof of tax payment.
• Consult with experts or car dealerships for specific advice.

Frequently Asked Questions About the 2020 Vehicle Registration Tax

1. Where to Pay the 2020 Vehicle Registration Tax?

You can pay the tax directly at the Tax Department of your place of permanent residence or via the General Department of Taxation’s online portal.

2. What are the Procedures for Paying the 2020 Vehicle Registration Tax?

You need to prepare the following documents:

• Identity card/Citizen identity card
• Vehicle registration certificate
• Vehicle purchase invoice

3. Are There Any Exemptions or Reductions for the 2020 Vehicle Registration Tax?

Some cases are exempt from or eligible for a reduction in vehicle registration tax, such as:

• Vehicles owned by individuals or organizations entitled to preferential treatment under the law
• Vehicles eligible for tax exemptions or reductions under specific policies

Advice for You

Thoroughly understanding the 2020 vehicle registration tax is crucial before purchasing a vehicle. Be an informed consumer and understand your rights and obligations for a smooth and successful purchase.

If you are looking to buy a truck, visit Hanoi Trucks for the best advice and support. We offer a wide range of trucks from leading brands like Hyundai, Isuzu, and Hino at the most competitive prices in the market.

See also:

• 2020 Used Car Registration Tax
• Prices of Used Japanese Trucks
• Buying Used Trucks on Installment in Hanoi

Trucks lined up in Hanoi

Contact Hanoi Trucks for a free consultation!

Address: [Hanoi Trucks Address] Hotline: [Hanoi Trucks Phone Number]