Vietnam Vehicle Registration Tax in 2017: A Comprehensive Guide

Anh Tuan, owner of a grocery store on Hang Bac Street in Hanoi, vividly remembers the day he brought home his Dongfeng truck. It was 2017, and he decided to invest in the truck to facilitate goods transportation and expand his business. The joy of owning a new vehicle was short-lived as he worried about the paperwork, especially the vehicle registration tax. He sought advice from various sources, from his friend working at the Thaco Truong Hai truck dealership on Nguyen Trai Street to online truck forums and communities. Finally, he successfully completed the tax payment process. Anh Tuan’s story reflects a common concern for many people purchasing trucks at that time. So, what were the regulations for vehicle registration tax in Vietnam in 2017? Let’s delve into the details in this article.

Vehicle Registration Tax in 2017: What You Need to Know

What is Vehicle Registration Tax?

Vehicle registration tax is a tax that vehicle owners must pay when registering their vehicle ownership for the first time in Vietnam. This is a mandatory tax calculated based on the vehicle’s value and paid to the local tax authority.

Vehicle Registration Tax Rates in 2017

In 2017, vehicle registration tax rates were as follows:

• Passenger cars with fewer than 9 seats, trucks, and specialized vehicles: 10% of the vehicle’s value.
• Passenger cars with 10 seats or more: 6% of the vehicle’s value.

Note: The vehicle’s value is the actual selling price at the time of registration, including the value of the vehicle and any included options.

Exemptions and Reductions of Vehicle Registration Tax

Certain cases qualify for exemptions or reductions in vehicle registration tax, including:

• Vehicles owned by foreign agencies or organizations entitled to tax exemptions.
• Vehicles used for national defense and security purposes.
• Specialized vehicles used for agricultural, forestry, and fishery production.

Expert Advice: “Understanding the regulations regarding vehicle registration tax is crucial to help buyers avoid legal risks and save costs.” – Mr. Nguyen Van A, legal expert on motor vehicles. (Hypothetical quote)

Frequently Asked Questions about Vehicle Registration Tax in 2017

• Question: I bought a used truck manufactured in 2015 and registered it for the first time in 2017. Do I have to pay the registration tax at the 2017 rate?
  • Answer: Yes. The registration tax rate is based on the vehicle’s registration date, not the year of manufacture.
• Question: I want to buy a truck through installment payments. How is the registration tax calculated?
  • Answer: The registration tax will be calculated on the total value of the vehicle, including both the loan and down payment amounts.
• Question: What documents are required for vehicle registration tax?
  • Answer: The required documents include: Vehicle registration certificate, ID card, household registration book… and other documents as prescribed by the tax authorities.

Dongfeng Truck

Conclusion

We hope this article has provided you with useful information about vehicle registration tax in Vietnam in 2017. Thoroughly understanding tax regulations before purchasing a vehicle will help you avoid legal and financial complications.

For detailed advice on suitable truck models, as well as purchase, sale, and registration procedures, please contact XE TẢI HÀ NỘI or visit our website https://xetaihanoi.edu.vn/.

Don’t forget to check out other related articles on our website, such as:

• Car Import Tax in 2017
• Car Tax in 2017

Truck Registration Procedure

Feel free to leave a comment below if you have any questions!