Decree No. 41/2023/ND-CP reducing the registration fee for automobiles manufactured and assembled in Vietnam by 50% by the end of 2023?
- Decree No. 41/2023/ND-CP reducing the registration fee for automobiles manufactured and assembled in Vietnam by 50% by the end of 2023?
- How much is the registration fee for automobiles manufactured and assembled in Vietnam from January 1, 2024?
- How much is the automobile registration fee according to Decree No. 10/2022/ND-CP?
Decree No. 41/2023/ND-CP reducing the registration fee for automobiles manufactured and assembled in Vietnam by 50% by the end of 2023?
On June 28, 52023, the Government of Vietnam issued Decree No. 41/2023/ND-CP prescribing registration fees for domestically manufactured and assembled motor vehicles, trailers or semi-trailers towed by motor vehicles and similar vehicles.
According to that, Clause 1, Article 1 of Decree No. 41/2023/ND-CP stipulates as follows:
Fees for initial registration of domestically manufactured and assembled motor vehicles, trailers or semi-trailers towed by motor vehicles and similar vehicles
1. For the period from the effective date of this Decree to December 31, 2023 inclusively: The registration fee equals 50% of the fee prescribed in the Government’s Decree No. 10/2022/ND-CP dated January 15, 2022 prescribing registration fees, Provincial People's Councils’ resolutions or Provincial People’s Committees’ decisions on registration fees in force in local areas and amending or superseding documents (if any).
Thus, the automobile registration fee in Vietnam from July 1, 2023 is equal to 50% of the fee specified in Decree No. 10/2022/ND-CP; Provincial People's Councils’ resolutions or Provincial People’s Committees’ decisions on registration fees in force in local areas and amending or superseding documents (if any).
The time to implement a 50% reduction in the automobile registration fee in Vietnam is from July 1, 2023 to December 31, 2023.
Decree No. 41/2023/ND-CP reducing the registration fee for automobiles manufactured and assembled in Vietnam by 50% by the end of 2023?
How much is the registration fee for automobiles manufactured and assembled in Vietnam from January 1, 2024?
Pursuant to the provisions of Clause 2, Article 1 of Decree No. 41/2023/ND-CP as follows:
Fees for initial registration of domestically manufactured and assembled motor vehicles, trailers or semi-trailers towed by motor vehicles and similar vehicles
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2. From January 01, 2024 onwards: Registration fees shall be collected in accordance with the Government’s Decree No. 10/2022/ND-CP dated January 15, 2022 prescribing registration fees, Provincial People's Councils’ resolutions or Provincial People’s Committees’ decisions on registration fees in force in local areas and amending or superseding documents (if any).
Thus, from January 1, 2024, registration fees shall be collected in accordance with the Government’s Decree No. 10/2022/ND-CP dated January 15, 2022 prescribing registration fees, Provincial People's Councils’ resolutions or Provincial People’s Committees’ decisions on registration fees in force in local areas and amending or superseding documents (if any).
How much is the automobile registration fee according to Decree No. 10/2022/ND-CP?
Pursuant to Clause 5, Article 8 of Decree No. 10/2022/ND-CP on the registration fee rates as follows:
Registration fee rates (%)
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5. Motor vehicles, trailers or semi-trailers towed by motor vehicles, or equivalences: 2%.
Except:
a) 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.
b) Pickups for automobilego 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.
c) Electric automobiles 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 automobiles with the same quantity of seats.
d) 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.
Thus, the automobile registration fee is determined at 2%.
Particularly in some cases for passenger motor vehicles with 9 seats or fewer, pickups for automobilego transport, electric automobiles running on batteries, the registration fees are determined according to the above regulations and guidance in Clause 2 Article 4 of Circular No. 13/2022/TT-BTC.
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