Proposal to reduce 50% of registration fee for domestically produced and assembled cars until December 31, 2023

The proposal to reduce 50% of registration fees for domestically manufactured and assembled cars until December 31, 2023 is the content of the draft Decree regulating the registration fee collection rate for cars, trailers or semi-trailers pulled by cars, and vehicles similar to domestically manufactured and assembled cars (draft Decree).

Currently, the initial registration fee for cars, trailers or semi-trailers pulled by cars and vehicles similar to cars according to Clause 5, Article 8 of Decree 10/2022/ND-CP is as follows:

Cars, trailers or semi-trailers pulled by cars, vehicles similar to cars: The collection rate is 2%.

* Private:

- Passenger cars with 9 seats or less (including pick-up cars): pay the first registration fee at a rate of 10%.

In case it is necessary to apply a higher collection rate to suit the actual conditions in each locality, the People's Council of the province or centrally-run city shall decide to increase it, but not more than 50% of the general collection rate prescribed in Point a, Clause 5, Article 8 of Decree 10/2022/ND-CP.

- Pick-up trucks with a permitted load capacity of less than 950 kg and 5 seats or less, and VAN trucks with a permitted load capacity of less than 950 kg pay the first registration fee at a rate equal to 60% of the first registration fee for passenger cars with 9 seats or less.

- Battery powered electric cars:

+ Within 3 years from March 1, 2022: pay the first registration fee at a rate of 0%.

+ Within the next 2 years: pay the first registration fee at a rate equal to 50% of the fee for gasoline and diesel cars with the same number of seats.

- Types of cars specified in Point a, Point b, Point c, Clause 5, Article 8, Decree 10/2022/ND-CP: pay registration fee for the second time onwards at a rate of 2% and apply uniformly nationwide.

Based on the type of vehicle stated in the Certificate of Technical Safety and Environmental Protection issued by the Vietnamese Registry, the tax authority shall determine the registration fee for automobiles, trailers or semi-trailers pulled by automobiles, and vehicles similar to automobiles as prescribed in Clause 5, Article 8 of Decree 10/2022/ND-CP.

Source: https://baoquocte.vn/de-xuat-giam-50-le-phi-truoc-ba-voi-o-to-san-xuat-lap-rap-trong-nuoc-den-het-31122023-230303.html