Recently, the Government of Vietnam has just announced the Draft Decree amending and supplementing many new provisions of Decree No. 140/2016/NĐ-CP on registration fees, through which the notable content in the draft is:
Article table of contents
This Draft supplements the regulation that when applying registration fees for assets purchased by installments, the fee calculation price is a one-time payment including taxes (excluding installment interest).
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In case of other purchases, the fee calculation price is the market transfer price of each type of asset (except assets such as real estate, cars, motorbikes, and tractors). In case the type of asset is not included in the registration fee calculation price list, the Director of the Tax Department will decide the registration fee calculation price.
As for pickup trucks and vans carrying less than 1,500kg and less than 5 seats, the first registration fee must be paid at a rate equal to 60% of the first registration fee for passenger cars with 9 seats or less, the fee for the second time onwards will be 2%.
View more details at the Draft Decree on amendments to Decree No. 140/2016/NĐ-CP of Vietnam’s Government.
