Vietnam: Rate of registration charge (%) according to Circular No. 301/2016/TT-BTC

08:32, 19/11/2016

This is an important content of the Circular No. 301/2016/TT-BTC of the Ministry of Finance of Vietnam providing guidelines for registration charges.

Rate of registration charge (%) specified in Circular No. 301/2016/TT-BTC of the Ministry of Finance of Vietnam is as follows:

- The rate of 0.5% applies to real property.

- The rate of 2% applies to firearms for hunting, training and sporting.

- The rate of 1% applies to water-borne vehicles, barges, motorboats, tugboats, ships, yachts and aircraft.

- The rate of 2% applies to motorcycles.

- The rate of 2% applies to automobiles, trailers or semi-trailers pulled by automobiles and similar vehicles.

- Transferee shall declare and pay the import duty, excise tax and value added tax pursuant to regulations and pay the registration charge at the initial registration rate defined by the People’s Council of provinces or central-affiliated cities upon the transfer of an automobile owned by a foreign entity and fitted with a diplomatic, foreign or international number plate as stated in Section 2, Article 9 of the Government’s Decree No. 140/2016/ND-CP to another organization or individual in Vietnam.

- Replacement frame, chassis assembly or engine assembly of an asset defined in Section 8, Article 2 of Circular No. 301/2016/TT-BTC, if subject to registration charge, shall incur the rate of registration charge defined for such asset.

View more details at Circular No. 301/2016/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2017.

- Thanh Lam -

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