Determination of Vehicle Registration Fee Calculation Prices for Cars and Motorcycles Based on Market Value

09:47, 11/07/2024

The General Department of Taxation has just issued Official Dispatch 1679/TCT-TNCN to address issues regarding the determination of the registration fee calculation price (LPTB) for automobiles and motorcycles as stipulated in Circular 304/2016/TT-BTC.

Accordingly:

- Valuation for calculating the Registration Fee (LPTB) for automobiles and motorcycles: Apply the price list issued together with Circular 304/2016/TT-BTC;- In cases where the actual market transfer price of automobiles and motorcycles increases by < 20% compared to the valuation for calculating LPTB by the Ministry of Finance, the valuation for calculating LPTB is the price according to the Ministry of Finance's price list;- In cases where the market price is ≥ 20%, the Tax Department shall apply the valuation for calculating LPTB following the guidance in Clause 2, Article 6 of Circular 304.

The Tax Departments of provinces and centrally-administered cities shall uniformly apply the above-stated regulations on the valuation for calculating LPTB.

Official Dispatch 1679/TCT-TNCN issued on April 28, 2017.

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