Circular 20: New Regulations on Valuation of Registration Fees for Automobiles

The determination of first registration charge fees for assets such as cars, similar vehicles, motorcycles, etc., is guided by Circular 301/2016/TT-BTC and the amendment and supplement at Clause 2 Article 1 Circular 20/2019/TT-BTC. To be specific:

Illustrative image (source: internet)

The determination of first registration charge fees for assets such as cars, similar vehicles (hereinafter referred to as cars), and motorcycles stipulated in Clause 6, Clause 7 Article 2 of Decree 140/2016/ND-CP is the price according to the Decision on the Price Table for first registration charge fees issued by the Ministry of Finance (hereinafter referred to as the Price Table).

The Price Table serves as the basis to determine the first registration charge fees for new cars and motorcycles and is determined based on the criteria of the type of vehicle, brand, vehicle model [model number or trade name; trade name and model code (if any) for cars], working volume, etc., in the Certificate of Quality Safety and Environmental Protection or Notification of Exemption from Quality Safety Inspection and Environmental Protection or Type Approval Certificate issued by the Vietnam Register, or the Certificate of Factory Quality Inspection for motor vehicles. For the working volume indicator of cars, the unit of measurement is rounded to one decimal place as follows: ≥ 5 is rounded up, < 5 is rounded down.

It is notable that for cases arising new types of cars and motorcycles that at the time of submitting the first registration charge fee declaration are not yet included in the Price Table, the Tax Authority shall base on the database as prescribed in Clause 1 Article 1 of Decree 20/2019/ND-CP.

Note that cars and motorcycles not included in the Price Table are those that have one of the criteria specified in this point which does not coincide with the criteria in the Price Table.

See additional regulations in Circular 20/2019/TT-BTC effective from June 1, 2019.

Thu Ba

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