Owning a new truck involves not only the purchase price but also mandatory taxes and fees as regulated by law. This article provides detailed information about the truck taxes you need to pay when buying a truck in 2023, helping you prepare your finances adequately.
Truck registration process
5 Types of Taxes and Fees to Pay When Buying a Truck in 2023
To legally operate a truck on the road, vehicle owners must pay the following 5 types of taxes and fees:
1. Vehicle Registration Tax
Vehicle registration tax is a fee that property owners must declare and pay to the tax authorities before putting the property into use. For cars, the registration tax is calculated as follows:
- Registration Tax = Taxable Value x Tax Rate (%)
Where:
- Taxable Value: Is the listed price of the vehicle by the manufacturer.
- Tax Rate (%): Determined by vehicle type and registration location. Specifically, cars, trailers or semi-trailers pulled by cars, and similar vehicles are subject to a 2% tax rate.
| No. | Vehicle Type | Tax Rate (%) |
|---|---|---|
| 1 | Cars, trailers or semi-trailers pulled by cars, and similar vehicles. | 2% |
2. Vehicle Registration and License Plate Fee
Overview of truck on-road taxes and fees
This fee is regulated in Article 5 of Circular 229/2016/TT-BTC, with the rate depending on the type of vehicle (semi-trailer, trailer, car) and the registration area. For cars (excluding passenger cars with fewer than 10 seats not operating in passenger transport business), the specific fees are as follows:
| Vehicle Type | Zone 1 (KV1) | Zone 2 (KV2) | Zone 3 (KV3) |
|---|---|---|---|
| Cars (excluding passenger cars under 10 seats not for commercial passenger transport) | 150,000 – 500,000 | 150,000 | 150,000 |
| (Unit: VND/time/vehicle) |
(Note: KV1, KV2, KV3 are geographical zones within Vietnam, with Zone 1 typically representing major cities.)
3. Vehicle Inspection Fee and Certification Fee
Circular 55/2022/TT-BTC regulates the service price for safety and environmental protection inspections of motor vehicles. The vehicle inspection fee for trucks is classified by tonnage as follows:
| Truck Type | Fee (VND) |
|---|---|
| Trucks over 20 tons, tractor trucks over 20 tons, and specialized vehicles | 570,000 |
| Trucks carrying from 7 – 20 tons, tractor trucks up to 20 tons, and tractors | 360,000 |
| Trucks carrying from 2 – 7 tons | 330,000 |
| Trucks carrying up to 2 tons | 290,000 |
In addition to the inspection fee, vehicle owners must also pay approximately VND 40,000 for the vehicle inspection certificate fee.
Note: According to Circular 44/2023/TT-BTC, from July 1, 2023, to December 31, 2023, vehicle owners only have to pay 50% of the vehicle inspection certificate fee.
4. Mandatory Auto Liability Insurance
This is the amount vehicle owners must pay to an insurance company when purchasing mandatory civil liability insurance as regulated in Clause 1, Article 7 of Decree 03/2021/ND-CP. The fee is specified in Appendix I attached to Circular 04/2021/TT-BTC, specifically for trucks as follows:
| No. | Vehicle Type | Insurance Fee (VND) |
|---|---|---|
| 1 | Under 3 tons | 853,000 |
| 2 | From 3 to 8 tons | 1,660,000 |
| 3 | Over 8 to 15 tons | 2,746,000 |
| 4 | Over 15 tons | 3,200,000 |
Note: The above fees do not include 10% Value Added Tax (VAT).
5. Road Maintenance Fee
The road maintenance fee is a fee vehicle owners must pay for road maintenance and upgrades. The fee is calculated based on tonnage and payment period. See the current truck road fee schedule for details.
Conclusion
Understanding the types of truck on-road taxes and fees is crucial when deciding to buy a truck. Hopefully, this article has provided all the necessary information to help you prepare financially. For more details on road maintenance fees, please refer to the officially published fee schedule.
