Vietnam: Reduction of 50% in the registration fee for domestically manufactured motor vehicles from July 1, 2023, to December 31, 2023

Reduction of 50% in the registration fee for domestically manufactured motor vehicles from July 1, 2023, to December 31, 2023 in Vietnam

The first-time registration fee rate for motor vehicles, trailers or semi-trailers towed by motor vehicles, or equivalences manufactured and assembled domestically in Vietnam are specified as follows:

- From July 7, 2023, to December 31, 2023: The registration fee rate is 50% of the rate stipulated in:

+ Decree 10/2022/ND-CP regarding registration fees.

+ The current Resolutions of the People's Councils or current Decisions of the People’s Committees of the provinces and centrally-run cities regarding local registration fee rates and any amending, supplementing, or replacing documents (if any).

- From January 1, 2024, onwards: The registration fee rate continues to follow the provisions of:

+ Decree 10/2022/ND-CP regarding registration fees;

+ The current Resolutions of the People's Councils or current Decisions of the People’s Committees of the provinces and centrally-run cities regarding local registration fee rates and any amending, supplementing, or replacing documents (if any).

See the detailed content in Decree 41/2023/ND-CP which takes effect from July 1, 2023, to December 31, 2023.

The registration fee rate for motor vehicles specified in Decree 10/2022/ND-CP

Clause 5, Article 8 of Decree 10/2022/ND-CP stipulates that the registration fee rate for motor vehicles, trailers or semi-trailers towed by motor vehicles, or equivalences is 2%.

Except:

a) Passenger motor vehicles with 9 seats or fewer (including pickups for passenger transport), to which the rate of 10% applies upon first-time registration. If it is necessary to apply a higher rate to match local circumstances, the People's Council of the province or centrally affiliated city shall decide an increase not exceeding 50% of the general rate specified in this Point.

b) Pickups for cargo transport with the maximum payload capacity allowed to be in traffic of under 950 kg and 5 or fewer seats and vans with the maximum payload capacity allowed to be in traffic of under 950 kg, to which the rate equal to 60% of the first-time registration fee for passenger motor vehicles with 9 seats or fewer applies upon first-time registration. 

c) Electric cars running on batteries:

- Within 3 years from March 1, 2022: the first-time registration fee is 0%.

- Within the next 2 years: the first-time registration fee is 50% of the fee rate for petrol and oil cars with the same quantity of seats.

d) Types of motor vehicles to which the re-registration fee rate of 2% applies uniformly on a nation-wide scale.

Tax authorities in Vietnam shall consider the type of vehicle specified in the certificate of technical safety and quality and environment protection as issued by Vietnamese registry agencies to determine the registration fees payable on motor vehicles, trailers or semi-trailers towed by motor vehicles, and equivalences according to the above provisions.

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