Vietnam: What are the sub-sections for registration fee payment in 2024?

What are the sub-sections for registration fee payment in 2024 in Vietnam?

Currently, the registration tax, also known as the registration fee, is an amount levied on organizations or individuals to fulfill their tax liability to state agencies.

According to point b, clause 1, Article 4 Circular 324/2016/TT-BTC, the sub-section (also known as the economic content code - NDKT) is a detailed classification of the section, used to classify state budget revenues and expenditures in detail by management objects within each section.

Based on Annex 3 of the List of sections and sub-sections issued along with Circular 324/2016/TT-BTC, the sub-sections for registration fee payment in 2024 are stipulated as follows:

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What are the sub-sections for registration fee payment in 2024 in Vietnam? (Image from the Internet)

What is the time for declaration and payment of registration fee in Vietnam?

According to Article 11 of Decree 10/2022/ND-CP:

Declaration and payment of registration fee

1. Organizations and individuals shall conduct declarations and payments of registration fees in accordance with regulations of the law on tax administration when applying to competent state agencies for the right to own and use properties.

2. Digital database of payment of registration fees via the Vietnam State Treasury, commercial banks, or providers of intermediary payment services digitally signed by the General Department of Tax and uploaded to the National Public Service Portal, has the same value as paper receipts for traffic enforcer agencies, agencies of natural resources and environment, and other competent state agencies connected to the National Public Service Portal to access and utilize for purposes of resolving financial procedures related to registration of ownership and use rights.

Thus, organizations and individuals shall conduct declarations and payments of registration fees in accordance with regulations of the law on tax administration when applying to competent state agencies for the right to own and use properties.

What are the applicable registration fee rates in Vietnam?

According to the provisions of Article 8 of Decree 10/2022/ND-CP, the applicable registration fee rates in Vietnam are:

- Houses, land: 0,5%.

- Hunting guns; guns used for training or sports: 2%

- Ships, including barges, canoes, tugs, pushers, submarines, submersibles; boats, including yachts; aircraft: 1%

- Motorcycles: 2%

Except:

+ Motorcycles registered for the first time under organizations or individuals in centrally affiliated cities, in provincial cities or in towns where the People's Committee of the province is based, to which the rate of 5% applies.

+ Motorcycles chargeable by re-registration fee, to which a rate of 1% applies. The re-registration fee rate of 5% applies to motorcycles on which the owner has declared and paid the registration fee at the rate of 2% before conducting the transfer to another organization or individual in an administrative division prescribed in Point a of this Clause.

- Motor vehicles, trailers or semi-trailers towed by motor vehicles, or equivalences: 2%.

Except:

+ Passenger motor vehicles with 9 seats or fewer (including pickups for passenger transport), to which the rate of 10% applies upon first-time registration. If it is necessary to apply a higher rate to match local circumstances, the People's Council of the province or centrally affiliated city shall decide an increase not exceeding 50% of the general rate specified in this Point.

+ Pickups for cargo transport with the maximum payload capacity allowed to be in traffic of under 950 kg and 5 or fewer seats and vans with the maximum payload capacity allowed to be in traffic of under 950 kg, to which the rate equal to 60% of the first-time registration fee for passenger motor vehicles with 9 seats or fewer applies upon first-time registration. 

+ Electric cars running on batteries:

++Within 3 years from the date this Decree comes into force: the first-time registration fee is 0%.

++ Within the next 2 years: the first-time registration fee is 50% of the fee rate for petrol and oil cars with the same quantity of seats.

+ Types of motor vehicles prescribed in Points a, b, and c of this Clause, to which the re-registration fee rate of 2% applies uniformly on a nation-wide scale.

Tax agencies shall consider the type of vehicle specified in the certificate of technical safety and quality and environment protection as issued by Vietnamese registry agencies to determine the registration fees payable on motor vehicles, trailers or semi-trailers towed by motor vehicles, and equivalences according to this Clause.

- The rate of registration fee payable on the replacement of the frame, chassis assembly, engine assembly and engine block prescribed in Clause 8 Article 3 of this Decree, upon compulsory registration thereof with competent state agencies, shall be based on the type of each property.

- If an organization or individual that was exempt from or was not required to pay a registration fee upon first-time registration of the ownership of a motor vehicle or motorcycle transfers the ownership to another organization or individual or gives it a new purpose which is ineligible for exemption from registration fees in accordance with regulations, the organization or individual who registers the ownership of such motor vehicle or motorcycle shall pay a first-time registration fee on the residual value of the property.

- A transferee of a motor vehicle or motorcycle whose public ownership is established in accordance with regulations of law and whose previous ownership was registered shall pay a 2nd time forth registration fee upon registration of the ownership of such motor vehicle or motorcycle.

A transferee of a motor vehicle or motorcycle whose public ownership is established in accordance with regulations of law but the previous ownership of such motor vehicle or motorcycle was not registered or there are no grounds for determining whether or not the previous ownership was registered shall pay a first-time registration fee upon registration of the ownership of the motor vehicle or motorcycle

The maximum fee for registration of a property specified in Article 8 of Decree 10/2022/ND-CP shall be 500 million VND per property per application, except for passenger motor vehicles with 9 seats or fewer, aircraft, and yachts.