TO REDUCE 50% OF THE REGISTRATION FEE FOR DOMESTICALLY MANUFACTURED AND ASSEMBLED CARS IN 2020
On June 28, 2020, the Government promulgates the Decree No. 70/2020/ND-CP on providing the registration fee rates for domestically manufactured and assembled automobiles until the end of December 31, 2020.
To be specific: From the effective date of this Decree (June 28, 2020), the registration fee rates to be remitted shall be equal 50% of the registration fee rate specified in the Decree No. 20/2019/ND-CP and current Resolutions of the People’s Councils of provinces and centrally run cities or current Decisions of the People’s Committees of provinces and centrally run cities on the registration fee rates.
From 2021, the registration fee rate specified in the Government’s Decree No. 20/2019/ND-CP on amending and supplementing a number of articles of the Decree No. 140/2016/ND-CP on registration fee shall continue to be applied.
This Decree takes effect from the signing date to the end of December 31, 2020.
