Registration tax is a crucial fee for car buyers, especially when choosing pickup trucks – a vehicle type increasingly popular in Vietnam. So, what is pickup truck registration tax, how is it calculated, and what are the latest updates in 2024? This article from Xe Tải Mỹ Đình experts will provide detailed and easy-to-understand information about pickup truck registration tax, helping you feel confident when deciding to own your dream car.
Vehicle registration tax, also known as registration fee, is essentially a fee that car buyers must pay to the state before officially registering vehicle ownership. This is a mandatory financial obligation, applicable to both new and used vehicles when ownership is transferred. Many people still confuse “registration tax” and “registration fee”; however, according to current legal documents, these are just two different names for the same type of fee.
How to Calculate Registration Tax for New and Used Pickup Trucks
The formula for calculating pickup truck registration tax is applied to both new and used vehicles, based on the vehicle’s value and the prescribed tax rate.
For new pickup trucks:
Registration tax payable = Taxable value x Tax rate (%)
The current tax rate for pickup trucks, similar to other vehicle types, ranges from 10% to 12% depending on the locality. However, it is important to note that this tax rate may be adjusted according to state policies in each period.
For used pickup trucks (pre-owned):
Registration tax payable = Remaining value of the vehicle x Tax rate (%)
The remaining value of the vehicle is determined based on the vehicle’s usage period, according to the depreciation rate table issued by the Ministry of Finance. This helps reduce the tax burden for used car buyers and accurately reflects the actual value of the vehicle.
Where to Pay Pickup Truck Registration Tax?
According to regulations, pickup truck owners need to declare and pay registration tax at the Sub-Department of Taxation or the tax authority of the district/district where their permanent residence registration is located. After completing the tax payment obligation, the vehicle owner will bring the dossier to the police authority to carry out vehicle registration and license plate procedures. The district/district police authority is also the place to receive dossiers and carry out vehicle registration and ownership transfer procedures for pickup trucks.
Conclusion
Understanding pickup truck registration tax is an important part of the car buying and ownership process. Mastering how to calculate tax, tax rates, and where to pay tax will help you be more proactive financially and complete legal procedures quickly and conveniently. If you have any other questions about trucks and related issues, please contact Xe Tải Mỹ Đình for dedicated advice and support.
