From April 10, 2019, the registration tax for pickup trucks changed according to Decree 20/2019. This significantly affects the cost of owning a pickup truck, especially for those planning to buy a vehicle in 2018. This article will help you better understand the 2018 pickup truck registration tax and the important changes from 2019.
Ford Ranger pickup truck registration tax table applied from 04/10/2019
Before April 10, 2019, the registration tax for pickup trucks was only 2% nationwide. However, Decree 20/2019 adjusted this tax to 60% compared to the registration tax for passenger cars for closed-body pickup trucks (vans), 5-seater pickups and vehicles with a permitted load capacity of less than 1.5 tons.
Changes in Pickup Truck Registration Tax Rates From April 10, 2019
Applying a tax rate of 60% compared to passenger cars means that the first-time registration tax for pickup trucks will be 7.2% in Hanoi and Ho Chi Minh City (60% x 12%) and 6% in other provinces and cities (60% x 10%). This tax rate is 3 times higher than before.
For the second or subsequent registration tax payments (when transferring ownership of used vehicles), the tax rate remains at 2% nationwide.
Ford Ranger 2018 Pickup Truck Registration Tax Before and After April 10, 2019
This change directly impacts the cost of owning a Ford Ranger pickup truck. If you bought a Ford Ranger before April 10, 2019, you would enjoy a 2% registration tax rate. However, if you buy a car after this date, you will have to pay registration tax at the new, significantly higher rate.
Pickup Truck License Plate Fees Remain Unchanged
Decree 20/2019 only adjusts the registration tax rate and does not change the vehicle license plate fee. The fee for issuing license plates for pickup trucks remains at VND 500,000 in major cities and VND 150,000 in other provinces and cities. The service life of pickup trucks also remains at 25 years.
Conclusion
Understanding the 2018 pickup truck registration tax and the changes from 2019 is very important so you can prepare your finances appropriately when buying a car. Although the registration tax has increased, pickup trucks remain an attractive option for many people thanks to their versatility and powerful performance. If you are interested in buying a Ford Ranger pickup truck, please contact Ford My Dinh dealer for detailed advice.
