This article provides a detailed guide on how to calculate vehicle registration tax for pickup trucks in 2018, helping you understand the regulations and prepare your budget accordingly.
An illustrative image of paying vehicle registration tax for a car (Source: Collected)
Pickup Truck Registration Tax Formula 2018
According to the provisions of Decree 10/2022/ND-CP and Circular 13/2022/TT-BTC (applicable for 2018), the method for calculating the registration tax for used pickup trucks is determined as follows:
Registration Tax = Taxable Value x 2%
So how is the taxable value calculated?
How to Determine the Taxable Value
The taxable value is regulated in Article 7 of Decree 10/2022/ND-CP and Article 3 of Circular 13/2022/TT-BTC as follows:
Taxable Value = New Asset Value x Remaining Quality Percentage
New Asset Value
To determine the new asset value of a pickup truck in 2018, you need to refer to the list of vehicle values published by the Ministry of Finance. This list is classified by car manufacturer and model.
Remaining Quality Percentage
The remaining quality percentage of the vehicle is determined based on the length of use (calculated from the year of manufacture to the year of tax declaration):
| Usage Time | Remaining Value (%) |
|---|---|
| New | 100 |
| Under 1 year | 90 |
| 1 – 3 years | 70 |
| 3 – 6 years | 50 |
| 6 – 10 years | 30 |
| Over 10 years | 20 |
Note: If the year of manufacture cannot be determined, the usage time is calculated from the year the vehicle was first used to the year of tax declaration.
Table showing the remaining quality percentage of used cars (Source: Collected)
Illustrative Example
Suppose you bought a Ford Ranger pickup truck manufactured in 2016 in 2018. The new asset value according to the regulations of the Ministry of Finance is 600 million VND.
- Usage time: 2018 – 2016 = 2 years
- Remaining quality percentage: 70% (according to the table above)
- Taxable value: 600 million x 70% = 420 million VND
- Registration tax to be paid: 420 million x 2% = 8.4 million VND
Registration Tax Payment Documents
When paying registration tax for a pickup truck, you need to prepare the following documents:
- Identification documents
- Vehicle registration certificate (photocopy)
- Vehicle purchase invoice
Tax Payment Procedures
You can pay tax directly at the tax authority or online via the National Public Service Portal.
Paying vehicle registration tax for a car on the National Public Service Portal (Source: Collected)
Conclusion
Understanding how to calculate pickup truck tax in 2018 will help you be more proactive in buying, selling, and registering vehicles. Please carefully refer to the regulations and prepare complete documents to ensure that the tax payment process goes smoothly.
