Transferring truck ownership when buying or selling is a mandatory procedure. So, what is the penalty for late truck ownership transfer? This article from Xe Tải Mỹ Đình will provide detailed information on the latest penalties for late truck ownership transfer in 2023.
Traffic police officer on duty at a checkpoint
2023 Penalties for Late Truck Ownership Transfer
According to Decree 100/2019/ND-CP (amended by Decree 123/2021/ND-CP), the penalties for late truck ownership transfer are as follows:
- For individuals: Fines range from VND 2,000,000 to VND 4,000,000.
- For organizations: Fines range from VND 4,000,000 to VND 8,000,000.
These penalties apply to car owners (including truck owners) who fail to register ownership transfer when buying, selling, gifting, inheriting, transferring, or receiving liquidated vehicles.
Required Documents for Truck Ownership Transfer Under New Regulations
Circular 24/2023/TT-BCA stipulates that the dossier for truck ownership transfer includes:
- Vehicle registration declaration.
- Owner’s personal identification documents (ID card/Citizen ID/Passport).
- Documents proving vehicle ownership transfer (sales contract, gift deed, etc.).
- Vehicle registration tax payment receipt.
- Certificate of registration and license plate revocation (if applicable).
Important Notes When Transferring Truck Ownership
- Transfer deadline: Vehicle owners are obligated to transfer ownership within 30 days from the date of receiving the vehicle.
- Transfer procedures: Can be done at the vehicle registration office or through online vehicle registration services.
- Owner’s responsibility: Vehicle owners are responsible for all violations related to the vehicle, even if ownership has not yet been transferred.
Conclusion
Late truck ownership transfer can result in fines of up to VND 8,000,000. To avoid penalties, vehicle owners should complete the ownership transfer procedures on time and prepare all required documents according to regulations. Contact Xe Tải Mỹ Đình now for detailed consultation on quick and efficient truck buying, selling, and ownership transfer procedures.
