Used Car Transfer Tax in Hanoi: A Comprehensive Guide

The story goes that Mr. Ba in Ha Dong wanted to upgrade his old, trusty truck to a newer, more impressive model. He heard about a great deal on an 8-ton truck in Saigon and decided to fly down south to bring it back. However, he was unsure about the used car transfer tax and its potential costs. This article by XE TẢI HÀ NỘI will answer all your questions.

What is Used Car Transfer Tax?

Used car transfer tax is a tax levied on individuals or organizations when transferring ownership of a used vehicle. Simply put, it’s like a “title transfer fee.”

How Much is the Used Car Transfer Tax?

The used car transfer tax is calculated based on the following formula:

*Transfer Tax = Vehicle Value Tax Rate (%)**

Where:

• Vehicle Value: The value determined by the local tax authority where the vehicle’s title transfer is registered. This value is usually based on the market price at the time of transfer.
• Tax Rate:
  • Trucks: 2% (applies to all types of trucks, including box trucks, light trucks, vans, and trucks of 1 ton, 2 tons, 3.5 tons, and 8 tons).
  • Cars with under 9 seats: Varies depending on engine displacement and year of manufacture.

Example: Mr. Ba bought a used 8-ton truck for 500 million VND. The tax authority assessed the vehicle’s value at 450 million VND. Therefore, Mr. Ba must pay a transfer tax of: 450,000,000 VND * 2% = 9,000,000 VND.

Other Fees Associated with Used Car Title Transfer

Besides the transfer tax, you will also need to pay other fees when transferring the title of a used car, such as:

• License plate issuance fee: 150,000 VND/vehicle (for newly registered vehicles).
• Vehicle registration certificate issuance fee: 30,000 VND/certificate.

Frequently Asked Questions About Used Car Transfer Tax

1. Do I have to pay transfer tax if I buy a used car from another province?

Yes. You must pay the transfer tax at the place where you register the vehicle’s title transfer, regardless of where you purchased the car.

2. Are there penalties for not transferring ownership?

Yes. Buying, selling, or gifting a car without transferring ownership is a legal violation and subject to administrative penalties.

Used car title transfer process

3. What documents are required for used car title transfer?

• Vehicle registration certificate.
• Vehicle inspection certificate.
• Identity card/Citizen identity card of the seller and buyer.
• Sales contract or gift contract.

Xe Tải Hà Nội – Your Trusted Source for All Your Truck Needs

Are you looking to buy a truck? Come to Xe Tải Hà Nội – the leading distributor of box trucks, light trucks, vans, and trucks of 1 ton, 2 tons, 3.5 tons, and 8 tons.

We are committed to providing our customers with high-quality products, competitive prices, and excellent after-sales service.

In addition, XE TẢI HÀ NỘI also offers other services such as:

• Used car purchasing at high prices
• Consulting and support for bank loans for car purchases.
• Vehicle registration and inspection procedures.

You can also refer to other helpful articles on our website, such as:

• Parking fees at Noi Bai Airport
• Types of car tires
• Car key battery replacement
• Car-shaped cakes

Conclusion

We hope this article has provided a clear understanding of used car transfer tax. Thorough research before buying or selling a car is crucial to avoid legal and financial complications.

For further consultation on trucks or for buying/selling vehicles, please contact XE TẢI HÀ NỘI at Phone Number: 0968239999, Email: [email protected] or visit us at: TT36 – CN9 Road, Tu Liem Industrial Zone, Phuong Canh Ward, Nam Tu Liem District, Hanoi. We are always available to assist you 24/7.