Welcome to Xe Tải Mỹ Đình, your leading source for truck information and advice in Vietnam. When buying a truck, owners and transportation businesses are particularly concerned about the fees and taxes involved. Understanding these costs is crucial for accurate budgeting and ensuring a smooth and legal vehicle registration and operation process.
This article, compiled by the experts at Xe Tải Mỹ Đình, provides the most detailed and comprehensive answer to the question: What fees do I need to pay when buying a truck? We will list and analyze each related fee and tax to give you a complete picture and help you make the smartest truck buying decision.
Mandatory Fees and Taxes When Buying a Truck
When investing in a truck for your transportation business, be prepared for a range of fees and taxes in addition to the listed price. Here’s a detailed breakdown of the costs you’ll need to cover:
1. Registration Tax (Vehicle Ownership Tax)
The registration tax is one of the most significant and substantial taxes owners must pay when registering truck ownership. This is an indirect tax calculated based on the truck’s value and the percentage rate (%) stipulated by each locality.
How to calculate truck registration tax:
Registration tax payable = Truck value x Registration fee rate (%)
- Truck Value: For new trucks, the value is usually the listed price announced by the manufacturer or distributor. For used trucks, the value will be determined according to tax authority regulations.
- Registration Fee Rate: The current registration fee rate for trucks is 2% nationwide. However, this rate is subject to change according to legal regulations.
Example:
You buy a new truck with a listed price of VND 500 million. The registration fee rate is 2%. The registration tax you need to pay is:
VND 500,000,000 x 2% = VND 10,000,000
Important notes on registration tax:
- Payment Time: Registration tax must be paid before you proceed with vehicle registration and license plate procedures.
- Payment Location: You can pay registration tax at the District Tax Department or the State Treasury of the district where you register the vehicle.
- Tax Filing Documents: Tax filing documents typically include:
- Registration fee declaration form (according to the prescribed form).
- Copy of vehicle documents (purchase invoice, vehicle quality certificate, etc.).
- Copy of the owner’s personal documents (ID card/Citizen ID, household registration book, etc.).
2. Vehicle Registration Fee and License Plate Fee
After paying the registration tax, the next step is to go to the traffic police agency to complete the vehicle registration and license plate application. This process also involves a certain fee, called the vehicle registration fee and license plate fee.
Vehicle registration and license plate fees for trucks:
This fee is not fixed but depends on:
- Vehicle Type: Trucks with different payloads will have different fees. Special-purpose trucks may also have their own fees.
- Registration Location: Vehicle registration and license plate fees vary between provinces, centrally-run cities, and other regions. Typically, major cities like Hanoi and Ho Chi Minh City will have higher fees.
Examples of vehicle registration and license plate fees for trucks (for reference):
- Hanoi, Ho Chi Minh City Area: For trucks worth over VND 15 billion, the fee can be up to VND 500,000. For trucks worth less than VND 15 billion, the fee is lower.
- Other Provinces/Cities: The fee usually ranges from VND 150,000 to VND 300,000 depending on the regulations of each locality.
Note: You should contact the traffic police agency where you register your vehicle to know the exact current fee.
3. Road Maintenance Fee (Road Fee)
The road maintenance fee, also known as the road fee, is the fee that vehicle owners must pay for the purpose of maintaining and upgrading the road system. This is a mandatory annual fee for all types of motor vehicles, including trucks.
Road maintenance fee for trucks:
The road maintenance fee for trucks is based on the truck’s payload. The higher the truck’s payload, the higher the fee.
Examples of road maintenance fees for trucks (for reference):
- Trucks with a payload of less than 4 tons: Approximately VND 180,000/month.
- Trucks with a payload from 4 tons to less than 10 tons: Approximately VND 270,000/month.
- Trucks with a payload from 10 tons to less than 16 tons: Approximately VND 390,000/month.
- Trucks with a payload from 16 tons to less than 24 tons: Approximately VND 540,000/month.
- Trucks with a payload from 24 tons to less than 30 tons: Approximately VND 690,000/month.
- Trucks with a payload of over 30 tons: Approximately VND 870,000/month.
Notes on road maintenance fees:
- Payment Deadline: The road maintenance fee is usually paid annually or may be paid monthly or quarterly, depending on regulations.
- Payment Location: You can pay the road maintenance fee at motor vehicle registration stations or fee collection points authorized by the functional agency.
4. Mandatory Civil Liability Insurance
Mandatory civil liability insurance is the type of insurance that all motor vehicle owners, including trucks, must purchase according to the law. The purpose of this insurance is to protect the interests of third parties who are damaged by the truck during traffic participation.
Mandatory civil liability insurance premium for trucks:
The mandatory civil liability insurance premium for trucks also depends on the truck’s payload.
Examples of mandatory civil liability insurance premiums for trucks (for reference):
- Trucks under 3 tons: Approximately VND 480,000/year.
- Trucks from 3 tons to 7 tons: Approximately VND 870,000/year.
- Trucks from 7 tons to 15 tons: Approximately VND 1,250,000/year.
- Trucks over 15 tons: Approximately VND 1,820,000/year.
Notes on mandatory civil liability insurance:
- Insurance Period: Usually 1 year.
- Where to buy insurance: You can buy mandatory civil liability insurance at insurance companies licensed to operate in Vietnam.
5. Other Arising Fees (Optional)
In addition to the mandatory fees and taxes mentioned above, when buying a truck, you may incur some other fees, depending on your needs and choices:
- Vehicle Inspection Fee: New trucks are usually exempt from the first inspection, but then need periodic inspections. Used trucks need to be inspected before ownership transfer.
- Vehicle Physical Insurance Fee (Hull Insurance): This is a voluntary insurance that helps protect your truck against material risks such as accidents, collisions, fires, explosions, natural disasters, etc.
- Vehicle Registration Service Fee, License Plate Making: If you do not have time or are not familiar with administrative procedures, you can use the package vehicle registration and license plate making service from intermediaries.
- Installation Fee for Accessories, Truck Gadgets: Depending on your needs, you can install additional accessories and truck gadgets such as dash cameras, DVD players, leather seat covers, mud flaps, etc.
Conclusion and Advice From Xe Tải Mỹ Đình
Thus, when buying a truck, you need to prepare financially to pay for many different types of fees and taxes, not just the price of the truck. Understanding these costs will help you be more proactive in the process of buying and using the truck later.
Advice from Xe Tải Mỹ Đình:
- Research Carefully: Before deciding to buy a truck, research the current fees and taxes carefully. This information can be found on the websites of tax authorities, traffic police agencies, or reputable truck websites like Xe Tải Mỹ Đình.
- Budgeting: Create a detailed financial plan, including fees and taxes, to ensure you can afford it.
- Choose a Reputable Dealer: Buy trucks at reputable, experienced dealers to get the best advice and support regarding vehicle registration and fee payment procedures.
- Consider Insurance: In addition to mandatory civil liability insurance, consider buying additional vehicle physical insurance to comprehensively protect your assets.
Hopefully, this article has provided you with useful information and helped you answer the question What fees do I need to pay when buying a truck? If you have any other questions, do not hesitate to contact Xe Tải Mỹ Đình for dedicated advice and support. We wish you choose the truck you want and succeed in your business!
