Truck registration fee is a mandatory cost when purchasing a truck. Understanding this tax helps you avoid legal and financial issues. Xe Tai My Dinh provides detailed information on truck registration fees, including the concept, rates, calculation, and important notes.
What is the truck registration fee? Detailed calculation guide
Overview of truck registration fee and calculation
What is Truck Registration Fee?
The registration fee, also known as the license fee, is the amount a vehicle buyer must pay to the state when registering ownership of a vehicle, including trucks. This fee applies to all forms of buying, selling, transferring, or inheriting a vehicle. The registration fee is calculated based on the vehicle’s value and the percentage regulated by the state.
The registration fee rate can vary depending on the vehicle’s value. The higher the value, the larger the tax. For example, imported supercars will have higher registration fees than trucks, vans, or semi-trucks.
What is the truck registration fee?
Truck registration fee is mandatory when buying a vehicle
Truck, Van, and Semi-Truck Registration Fee Rates
According to Decree 10/2022/ND-CP, the registration fee rates for cars and motorcycles are specified in the price list issued by the Ministry of Finance. The tax is divided into two types: for new and used vehicles. Each type has a different tax rate, so it’s important to research carefully before filing your taxes.
Specifically, the initial registration fee for used vans with a load capacity of less than 950kg is 60% of the registration fee for passenger cars with 9 seats or fewer.
Regulations on registration fee rates for vehicles
Registration fee rates are clearly defined for each vehicle type
How to Calculate Truck, Van, and Semi-Truck Registration Fees
Decree 10/2022/ND-CP issued on January 15, 2022, stipulates the method for calculating the registration fee as follows:
Registration Fee = Taxable Price x Tax Rate (%)
- Taxable Price: Determined specifically for each type of vehicle according to Circular 304/2016/TT-BTC.
- Tax Rate: Depends on the type of vehicle and the registration area.
| Classification | Registration Fee Rate (%) |
|---|---|
| Load capacity under 1500kg | 6% (meeting 2/3 conditions), 7.2% (Hanoi) |
| Cars with fewer than 5 seats | |
| Van with a load capacity under 1500kg |
Example: Buying a Tera V van worth 400 million VND in Ho Chi Minh City:
Registration fee = 400,000,000 x 6% = 24,000,000 VND.
How to calculate the registration fee for a van
Illustration of how to calculate the registration fee
For used vehicles, the tax is calculated based on the duration of use and the remaining value of the vehicle:
| Duration of Use | Remaining Value (%) | Registration Fee Rate (%) |
|---|---|---|
| 1 year | 85% | 2% |
| 1 – 3 years | 70% | 2% |
| 3 – 6 years | 50% | 2% |
| 6 – 10 years | 30% | 2% |
| Over 10 years | 20% | 2% |
Example: Buying a used SRM van that has been used for 3 years, with an initial list price of 400 million VND:
Registration fee = (400,000,000 x 70%) x 2% = 5,600,000 VND.
How to calculate the registration fee based on the year
How to calculate the registration fee for used cars
Summary
Understanding truck registration fees is essential when buying or selling a truck. This article has provided information on the concept, tax rates, calculation methods, and specific examples. For more detailed advice on truck registration fees and other types of vehicles, please contact Xe Tai My Dinh.
