What are the regulations on schedule of amended registration fees for automobiles and motorcycles in Vietnam from July 25, 2024?

What are the regulations on schedule of amended registration fees for automobiles and motorcycles in Vietnam from July 25, 2024?

What are the regulations on schedule of amended registration fees for automobiles and motorcycles in Vietnam from July 25, 2024?

On July 22, 2024, the Ministry of Finance issued Decision 1707/QD-BTC 2024 to schedule of amended registration fees for automobiles and motorcycles.

The adjusted and supplemented registration fee calculation rates are as follows:

>> Download the schedule of amended registration fees for automobiles and motorcycles: Download

Decision 1707/QD-BTC 2024 stipulates the calculation of registration fees for the following subjects:

- Imported passenger automobiles with up to 9 seats

- Electric automobiles

- Domestically manufactured and assembled passenger automobiles with up to 9 seats

- Imported pickup trucks and vans

- Domestically manufactured and assembled pickup trucks and vans

- automobilego transport vehicles (excluding pickup trucks and vans)

- Imported two-wheel motorbikes

- Domestically manufactured and assembled two-wheel motorbikes

Adjusted and supplemented registration fee calculation rate table for cars and motorbikes applicable from July 25, 2024

What are the regulations on schedule of amended registration fees for automobiles and motorcycles in Vietnam from July 25, 2024? (Internet image)

What is the current registration fee rate for automobiles in Vietnam?

According to Clause 5, Article 8 of Decree 10/2022/ND-CP, the registration fee rate for automobiles, trailers, or semi-trailers pulled by automobiles, and vehicles similar to automobiles is 2%.

Specifically:

(i) Passenger automobiles with up to 9 seats (including passenger pickup trucks): the first-time registration fee is 10%.

In case a higher rate is to be applied to match the local conditions, the provincial or central city People's Council will decide the adjustment, but it must not exceed 50% of the common rate specified here.

(ii) Pickup trucks with a permissible transportation load of less than 950 kg and up to 5 seats, and VAN trucks with a permissible transportation load of less than 950 kg, must pay a registration fee for the first time at 60% of the first-time registration fee rate for passenger automobiles with up to 9 seats.

(iii) Battery-powered electric automobiles:

+ Within 3 years from the effective date of Decree 10/2022/ND-CP: the first-time registration fee is 0%.

+ For the next 2 years: the first-time registration fee rate is 50% of the rate for gasoline or diesel automobiles with the same number of seats.

(iv) The types of automobiles specified in (i), (ii), and (iii): the registration fee for the second and subsequent times is 2%, uniformly applied nationwide.

Based on the type of vehicle listed in the Certificate of Technical Safety and Environmental Protection Quality issued by the Vietnam Register, the tax authority determines the registration fee rate for automobiles, trailers, or semi-trailers pulled by automobiles, and vehicles similar to automobiles as prescribed above.

When must the registration fee for automobiles in Vietnam be paid?

According to Article 11 of Decree 10/2022/ND-CP on declaring and paying registration fees:

Declaration and payment of registration fees

1. Organizations and individuals declare and pay registration fees following the provisions of the tax administration law when registering ownership rights, property rights with competent state agencies.

2. Electronic data for paying registration fees through the State Treasury, commercial banks, or intermediary payment service providers is digitally signed and provided on the National Public Service Portal by the General Department of Taxation. It has the same value as paper documents for traffic police authorities, environmental resource authorities, and other competent state agencies connected to the National Public Service Portal to access and exploit data for administrative procedures related to registering ownership rights, property rights.

Thus, organizations and individuals must pay the registration fee for automobiles when registering property rights with the competent state agencies.

What are the electronic payment methods for registration fees in Vietnam?

According to Section III, Appendix issued with Official Dispatch 691/TCT-DNNCN 2023, taxpayers can pay registration fees electronically through the following methods:

- Internet banking, mobile banking services of banks (Vietcombank, Vietinbank, BIDV, Agribank, MBBank, VPBank, TPBank, LienvietPostBank);

- The National Public Service Portal;

- The eTax Mobile phone application of the Tax sector.

Taxpayers use the file code and follow the instructions of the Bank/National Public Service Portal eTax Mobile application to pay registration fees electronically.

Decision 1707/QD-BTC 2024 is effective in Vietnam from July 25, 2024.

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