Hanoi Truck Registration Tax: What You Need to Know

Anh Tuan, owner of a grocery store on Chua Boc Street, Dong Da District, Hanoi, is contemplating buying a new truck to facilitate goods transportation. He’s heard that the truck purchase process is quite complicated, especially regarding the registration tax. So, what is vehicle registration tax? What’s the current tax rate? Let’s delve into the details with Xetaihanoi.edu.vn in this article.

What is Vehicle Registration Tax?

Vehicle registration tax is a tax levied on individuals and organizations when registering vehicle ownership for the first time in Vietnam. In other words, anyone who buys a new vehicle, including trucks, must fulfill the obligation to pay this tax.

Current Vehicle Registration Tax Rates

Vehicle registration tax is calculated based on the vehicle’s value and type. For trucks, the current tax rate in Hanoi and several other provinces is 2% of the vehicle’s value.

For example: If Anh Tuan buys a Hyundai H150 truck priced at 500 million VND, the registration tax he has to pay is 10 million VND (2% x 500 million VND).

Cases of Registration Tax Exemption or Reduction

Some cases qualify for registration tax exemption or reduction, such as vehicles specifically used for national defense and security, vehicles belonging to diplomatic missions, etc.

Frequently Asked Questions about Vehicle Registration Tax

1. Where to Pay Vehicle Registration Tax?

You can pay vehicle registration tax at the Tax Sub-department of your registered permanent residence or the Tax Authority where you purchased the vehicle.

2. What is the Vehicle Registration Tax Payment Procedure?

You need to prepare the following documents:

• Identity Card/Citizen Identity Card
• Vehicle Registration Certificate
• Vehicle Purchase Invoice

3. Do I Have to Pay Registration Tax When Buying a Truck in Installments?

Yes. Whether you buy a vehicle outright or in installments, you are obligated to pay the vehicle registration tax.

Important Notes on Vehicle Registration Tax Payment

• Thoroughly research the vehicle registration tax rate in your locality before purchasing a vehicle.
• Keep all documents related to tax payment.
• Choose a reputable truck dealer for the best advice and support regarding tax payment procedures.

A white Hyundai H150 cargo truck parked outdoors

Choose the Right Truck at XE TẢI HÀ NỘI

XE TẢI HÀ NỘI specializes in providing high-quality and reputable trucks in Hanoi. We offer a wide range of trucks from renowned brands like Hyundai, Isuzu, Hino…

Furthermore, XE TẢI HÀ NỘI assists customers in completing vehicle purchase procedures, including registration tax payment, quickly and conveniently.

A red and silver Isuzu NKR truck parked in a lot

Contact XE TẢI HÀ NỘI now for consultation and to own your ideal truck!