THE FIRST-TIME REGISTRATION FEE RATE FOR PASSENGER CARS WITH 9 OR FEWER SEATS IS 10%
On February 21, 2019, the Government issues the Decree No. 20/2019/ND-CP on amending and supplementing a number of articles of the Government’s Decree No. 140/2016/ND-CP of October 10, 2016, on registration fee.
Accordingly, the first-time registration fee rate for passenger cars with 9 or fewer seats is 10%. When necessary to apply a higher fee rate to suit local practical conditions, provincial-level People’s Councils may decide to increase the registration fee rate by no more than 50% the common rate prescribed at this Point.
For pick-up cars with authorized total load of less than 1,500 kg and with 5 or fewer seats, and vans with authorized total load of under 1,500 kg, the first-time registration fee rate is 60% of the first-time registration fee rate for passenger cars with 9 or fewer seats. From the second time on, the registration fee rate of 2% shall be applied uniformly nationwide.
Besides, the Decree also supplements a number of objectives exempted from registration fee such as:
Houses and land being compensations or resettlement land; Fishing ships and boats, offshore ships, hulls, complete frames and engines of fishing ships and boats or garbage trucks, water trucks, street-cleaning vehicles, road sweepers, dumpers and dust cleaners, septic trucks.
This Decree takes effect on April 10, 2019.
