According to Circular 04/2021/TT-BTC, the mandatory civil liability insurance fee for non-commercial pickup trucks (pickups, minivans) is now only 437,000 VND. This fee applies to vehicles that carry both passengers and goods.
Mandatory insurance fee for pickup trucks
For commercial pickup trucks, the mandatory insurance fee is higher, at 933,000 VND. This change marks a significant reduction compared to previous regulations.
Changes Compared to Old Regulations on Pickup Truck Insurance Fees
Before Circular 04/2021/TT-BTC took effect (from March 1, 2021), Circular 22/2016/TT-BTC stipulated a mandatory insurance fee of 933,000 VND for non-commercial pickup trucks. The old circular did not have specific regulations on fees for commercial pickup trucks.
Benefits of Reducing Mandatory Pickup Truck Insurance Fees
Reducing the mandatory pickup truck insurance fee from 933,000 VND to 437,000 VND (for non-commercial vehicles) brings practical benefits to users. This helps reduce the financial burden for pickup truck owners who use their vehicles for personal and family purposes.
Summary of Mandatory Pickup Truck Insurance Fees
Circular 04/2021/TT-BTC has adjusted and reduced the mandatory civil liability insurance fee for non-commercial pickup trucks. Pickup truck owners should be aware of this new regulation to fulfill their insurance obligations and benefit from the fee reduction. This is good news for those who own pickup trucks for personal transportation needs.
