Pickup truck registration tax in Hanoi is a mandatory fee that buyers must pay before vehicle registration. This fee is calculated based on the vehicle’s value and the prescribed tax rate. Currently, the registration tax rate for pickup trucks in Hanoi is 7.2% of the vehicle’s value.
Vehicle registration tax rate illustration in Vietnam
Hanoi Pickup Truck Registration Fee Compared to Other Provinces
The registration fee for pickup trucks in Hanoi is higher compared to some other provinces. Specifically:
- Hanoi: 7.2%
- Ho Chi Minh City: 6%
- Ha Tinh: 6%
This difference is due to the tax policies of each locality. Understanding the pickup truck registration fee in Hanoi will help buyers accurately estimate their expenses.
How to Calculate Pickup Truck Registration Fee
The registration fee is calculated using the following formula:
Registration Fee = Taxable Value x Tax Rate (%)
The taxable value is usually the selling price of the vehicle announced by the manufacturer or dealer.
Example: For a pickup truck priced at 500 million VND, the registration fee in Hanoi will be: 500,000,000 x 7.2% = 36,000,000 VND.
Important Notes Regarding Pickup Truck Registration Fees
- Domestically Assembled Vehicles: Currently, the policy of a 50% reduction in registration fees for domestically assembled pickup trucks is no longer applicable.
- Imported Vehicles: The registration fee applied to imported pickup trucks is the same as for domestically assembled vehicles.
- Where to Pay the Fee: Pickup truck registration fees are paid at the Sub-Department of Taxation where the vehicle owner’s permanent residence is registered.
Procedures for Paying Pickup Truck Registration Fees in Hanoi
To pay the pickup truck registration fee, vehicle owners need to prepare the following documents:
- Personal identification documents (ID card/Citizen ID/Passport).
- Vehicle purchase invoice.
- Vehicle registration certificate (if any).
After preparing all necessary documents, vehicle owners should go to the Sub-Department of Taxation where their permanent residence is registered to complete the fee payment procedures.
Conclusion
Pickup truck registration tax in Hanoi is a significant expense when purchasing a vehicle. Understanding the regulations regarding the fee level and calculation method will help buyers be more proactive in preparing their finances. Contact the local tax authority or vehicle dealership for more specific advice.
