REGISTRATION FEE RATE APPLICABLE TO BATTERY ELECTRIC CARS IS 0% IN 3 YEARS FROM MARCH 01, 2022
This is a highlight content in the Decree No. 10/2022/ND-CP on registration fee promulgated by the Government on January 15, 2022.
Specifically, to add the registration fee rates (%) applicable to battery electric cars as follows: Within 3 years from March 01, 2022, the first-time registration fee rate is 0%; within the subsequent 2 years, the first-time registration fee rate shall be equal to 50% of the rate applicable to cars operated by gasoline or diesel with the same number of seats.
Also in accordance with this Decree, registration fee rates (%) for many types of properties will remain at current levels. For ships, including badges, motor boats, tug ships, push ships, submarines, submersibles; boats, including yachts; aircraft, the rate is 1%. For hunting rifles and guns used to exercise and play sports; land and houses; motorcycles, the rates shall be 2%; 0.5% and 2%, respectively.
Besides, the General Department of Taxation shall digitally sign electronic data on registration fee payment via the State Treasury, commercial banks or intermediary payment service-providing organizations and post such data on the National Public Service Portal. Such data may be used instead of paper documents for traffic police agencies, natural resources and environment agencies and other competent state agencies to access and exploit for handling administrative procedures related to registration of property ownership or use rights.
The Decree takes effect on March 01, 2022.
