Regulations you need to know when buying cars and motorbikes from November 6, 2023

In the case of organizations and individuals buying cars and motorbikes from November 6, 2023, are there any new regulations that need to be noted? - Reader Thu Trang

Quy định cần biết khi mua xe ô tô, xe máy từ ngày 06/11/2023

Buying cars and motorbikes from November 6, 2023 needs to know this new regulation.

Buying cars and motorbikes from November 6, 2023, you need to know this

Recently, the Minister of Finance issued the Price List for calculating registration fees for cars and motorbikes attached to Decision 2353/QD-BTC dated October 31, 2023, including:

- Table 1: Regulations on registration fee calculation for passenger cars carrying 9 people or less

+ Part 1a. Regulations on registration fee calculation for imported passenger cars with 9 or fewer passengers (4,553 types)

+ Part 1b. Regulations on registration fee calculation for domestically produced and assembled passenger cars with 9 or fewer seats (962 types of vehicles)

- Table 2: Regulations on registration fee calculation for pickup trucks and vans

+ Part 2a. Regulations on registration fee calculation for imported pickup trucks and vans (249 types of vehicles)

+ Part 2b. Regulations on registration fee calculation for domestically produced and assembled pickup trucks and vans (108 types of vehicles)

- Table 3: Regulations on registration fee calculation for passenger cars carrying 10 or more people applied to the following manufacturing and assembling countries: Vietnam; Korea; China, Taiwan; Japan, USA, Canada, Germany, France, Italy, UK, Sweden and other manufacturing and assembling countries.

- Table 4: Regulations on registration fee calculation prices for freight vehicles (except pickup trucks and vans) applied to the following manufacturing and assembling countries: Vietnam; Korea; China, Taiwan; Japan, USA, Canada, Germany, France, Italy, UK, Sweden and other manufacturing and assembling countries.

- Table 5: Regulations on registration fee calculation prices for cars manufactured before 2000

- Table 6: Regulations on registration fee calculation prices for motorbikes:

+ Part 6a. Regulations on registration fee calculation for imported motorbikes (1823 types of vehicles)

+ Part 6b. Regulations on registration fee calculation for domestically produced and assembled motorbikes (818 types of vehicles)

- Table 7: Regulations on registration fee calculation prices for motorbikes manufactured before 2000

The price list for calculating registration fees for cars and motorbikes issued above will be applied from November 6, 2023. Organizations and individuals buying cars and motorbikes from November 6, 2023 need to know this to be able to determine the registration fee level to pay when buying a car.

Registration fee level when buying a new motorbike

Pursuant to Clause 4, Article 8 of Decree 10/2022/ND-CP, the registration fee when purchasing a new motorbike (first registration fee payment) is 2%; for motorbikes of organizations and individuals in centrally run cities; provincial cities; towns where the Provincial People's Committee is headquartered, the first registration fee is 5%.

In which, centrally run cities, provincial cities; towns where the People's Committee of a province or centrally run city is headquartered are determined according to the state administrative boundaries at the time of registration fee declaration, in which: Centrally run cities include all districts and counties under the city, regardless of inner-city districts or suburban districts, urban or rural areas; Provincial cities and towns where the People's Committee of a province is headquartered include all wards and communes under the city or town, regardless of inner-city, inner-city or suburban communes.

Registration fee level when buying a new car

Pursuant to Clause 5, Article 8 of Decree 10/2022/ND-CP, the registration fee rate when purchasing a new car (first registration fee payment) is 2%; specifically:

- Passenger cars with 9 seats or less (including pickup trucks): pay the first registration fee at a rate of 10%. In case it is necessary to apply a higher rate to suit the actual conditions in each locality, the People's Council of the province or centrally-run city shall decide to adjust the increase but not to exceed 50% of the general rate prescribed in this point.

- Pick-up trucks with a permitted transport weight of less than 950 kg and 5 seats or less, and VAN trucks with a permitted transport weight 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 the effective date of this Decree: 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 rate for gasoline and diesel cars with the same number of seats.

Note, the registration fee when purchasing new domestically manufactured and assembled cars from July 1, 2023 to December 31, 2023 is 50% of the above fee (as prescribed in Decree 41/2023/ND-CP); from January 1, 2024, the registration fee when purchasing new domestically manufactured and assembled cars will continue to be implemented according to the provisions of Clause 5, Article 8 of Decree 10/2022/ND-CP mentioned above.

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