Updated Schedule of car and motorcycle prices for registration fee determination in Vietnam from July 25, 2024

Updated Schedule of car and motorcycle prices for registration fee determination in Vietnam from July 25, 2024

Based on the recommendation of the Director General of the General Department of Taxation, the Ministry of Finance issued Decision 1707/QD-BTC dated July 22, 2024, regarding the amendment to the Schedule of car and motorcycle prices for registration fee determination in Vietnam issued alongside Decision 2353/QD-BTC dated October 31, 2023, and Decision 449/QD-BTC dated March 15, 2024, including:

- Table 1: Passenger cars with up to 9 seats.

- Table 2: Pickup trucks, Van.

- Table 4: Goods transport trucks (excluding pickup trucks and Van).

- Table 6: Motorcycles.

More details can be found in Decision 1707/QD-BTC, which comes into force in Vietnam from July 25, 2024.

It is known that the Ministry of Finance issues the Decision on the Registration Fee Calculation Table adjustments and additions before the 25th of the last month of each quarter to apply from the beginning of the next quarter. The adjusted and supplemented registration fee calculation table is issued according to the regulations on issuing the registration fee calculation table or based on the average registration fee calculation price of local tax authorities.

- In the case of new types of automobiles and motorcycles not listed in the registration fee calculation table at the time of submitting the registration fee declaration, the tax authority will base the registration fee calculation price on the prescribed database for each new type of automobile and motorcycle (for automobiles and motorcycles, it will be based on the type of vehicle; for trucks, it will be based on the country of manufacture, brand, and permitted carrying capacity; for passenger vehicles, it will be based on the country of manufacture, brand, and the number of allowed passengers including the driver).

- In cases where new types of automobiles and motorcycles not listed in the registration fee calculation table arise, or automobiles and motorcycles listed in the registration fee calculation table have a market transfer price that increases or decreases by 5% or more compared to the price in the registration fee calculation table, the Tax Department will summarize and report to the Ministry of Finance of Vietnam before the 5th of the last month of the quarter.

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