Understanding truck registration fees is crucial for any truck owner, including those with vans or tractor-trailers. Knowing these fees helps you accurately budget for your vehicle purchase, comply with legal regulations, and avoid unnecessary complications. This article from Xe Tải Mỹ Đình, a leading website specializing in trucks, provides the most detailed and up-to-date information on truck registration fees, making it easy to calculate and prepare for your purchase.
What is truck registration fee? Detailed calculation method
What is Truck Registration Fee?
Truck registration fee, also known as license tax, is the amount of money a truck buyer must pay to the State when registering ownership of the vehicle. This is a type of indirect tax, applied to the registration of property ownership, in this case, trucks, vans, tractor-trailers, and other transportation vehicles. The registration fee arises when there is a transfer of ownership through purchase, sale, donation, inheritance, or transfer.
The purpose of the registration fee is for the State to manage and record property ownership while generating budget revenue. The registration fee is usually calculated as a percentage (%) of the vehicle’s value, and this percentage varies depending on the type of vehicle and the registration location.
What is the registration fee?
Latest 2024 Truck Registration Fee Rates
The current truck registration fee rates are regulated in Decree 10/2022/ND-CP and guiding Circulars of the Ministry of Finance. Accordingly, the registration fee for trucks, vans, and tractor-trailers is determined as follows:
For trucks, vans (for cargo) and tractor-trailers: The registration fee is 2% of the registration fee calculation value.
For passenger van trucks (pickup vans with 2 or more seats): The first-time registration fee is equal to 60% of the registration fee for passenger cars with fewer than 9 seats. This fee is usually 6% or 7.2% depending on the locality (Hanoi is 7.2%). Thus, the registration fee for passenger van trucks will range from 3.6% to 4.32% of the vehicle’s value.
Important notes:
- Registration fee calculation value: Stipulated by the Ministry of Finance, usually the manufacturer’s list price or the market reference price.
- Location: The registration fee may have slight adjustments depending on each province or city directly under the central government, but usually not significant for trucks.
Regulations on the collection of registration fees for vehicles
How to Calculate Truck Registration Fee in Detail
To calculate the truck registration fee, you need to apply the following simple formula:
Registration fee payable = Registration fee calculation value x Registration fee rate (%)
Where:
- Registration fee calculation value: You can refer to the registration fee calculation price list issued by the Ministry of Finance or contact the tax authority directly for the most accurate information. Usually, this price will be based on the listed price of the vehicle and adjusted over time.
- Registration fee rate (%): Apply a rate of 2% for trucks, vans for cargo, tractor-trailers, and a rate from 3.6% to 4.32% for passenger van trucks as mentioned above.
Illustrative examples:
-
New Tera V van (cargo van): Listed price of VND 400 million in Ho Chi Minh City.
- Registration fee = VND 400,000,000 x 2% = VND 8,000,000
-
New SRM van (passenger van): Listed price of VND 350 million in Hanoi.
- Applicable registration fee (estimated): 4.32% (7.2% x 60%)
- Registration fee = VND 350,000,000 x 4.32% = VND 15,120,000
How to calculate registration fee for trucks
Used Truck Registration Fee: How to Save Costs
For used trucks (previously used), the method of calculating the registration fee is different to match the remaining value of the vehicle. The registration fee for used trucks is still 2%, but the registration fee calculation value will be adjusted based on the vehicle’s usage time.
Table of remaining value of used trucks by usage time:
| Usage time | Remaining value (%) |
|---|---|
| Under 1 year | 85% |
| From 1 – 3 years | 70% |
| From 3 – 6 years | 50% |
| From 6 – 10 years | 30% |
| Over 10 years | 20% |
Formula for calculating the registration fee for used trucks:
Registration fee for used truck = (New vehicle price x Remaining value of the vehicle) x Registration fee rate (%)
Example:
- Mr. A bought a used SRM van (cargo van) that has been used for 3 years. The equivalent new vehicle price is VND 400 million.
- Remaining value of the vehicle: 50%
- Registration fee calculation value: VND 400,000,000 x 50% = VND 200,000,000
- Registration fee for used truck: VND 200,000,000 x 2% = VND 4,000,000
How to calculate registration fees by year
Factors Affecting Truck Registration Fee
In addition to the basic fee and calculation method, there are several other factors that can affect the truck registration fee that you should be aware of:
- Vehicle type: Passenger vans have different fees than box trucks or tractor-trailers.
- Vehicle value: The higher the vehicle price, the higher the registration fee.
- Time of purchase: Registration fee policies may change over time, so it’s important to update the latest information.
- Registration location: Although not significant, there may still be slight differences between provinces and cities.
- New or used vehicle: The registration fee for used vehicles is calculated on the remaining value, helping to save significant costs.
Where to Pay Truck Registration Fee?
You can pay the truck registration fee at the following locations:
- District/city Tax Sub-Department: This is the most common place to pay the registration fee.
- Commercial banks: Some banks are linked to the tax authority to collect registration fees.
- Online public service portal: In the future, paying the registration fee online will become increasingly popular, saving time and effort.
To know the exact location and procedures for paying the registration fee in your area, you should contact the Tax Sub-Department where you register your vehicle.
On-the-Road Truck Price = Vehicle Price + Registration Fee & Other Costs
When buying a truck, in addition to the listed vehicle price and registration fee, you need to budget for other costs to calculate the on-the-road price, including:
- Vehicle license plate registration fee: This fee varies depending on the type of vehicle and location.
- Road maintenance fee: Paid annually or according to the inspection cycle.
- Compulsory civil liability insurance: Required when participating in traffic.
- Vehicle physical insurance (optional): Helps protect the vehicle against physical risks.
- Vehicle inspection costs: Performed periodically as required.
For detailed advice on on-the-road truck prices and related procedures, contact the hotline 1800 2017 or visit the Xe Tải Mỹ Đình showroom directly for the best support.
See more: Update the latest van truck price list
Hopefully, this article has provided you with complete and useful information about truck registration fees. Understanding the regulations and how to calculate registration fees will help you be more proactive in the process of buying and using trucks. If you have any questions, don’t hesitate to contact Xe Tải Mỹ Đình for dedicated answers.
Nguyen Van Anh
Nguyen Van Anh
Nguyen Van Anh – CEO of An Suong Auto. With over 20 years of experience in the automotive field, I want to share my experience and knowledge about quality trucks that suit every customer’s needs.
