Decree No. 45/2011/ND-CP dated June 17, 2011 of the Government on registration fee

MAXIMUM CAR REGISTRATION FEE IS FORMALLY INCREASED TO 20%

Government issued the Decree No. 45/2011/ND-CP dated June 17, 2011 on registration fee and maximum car registration fee is formally increased to 20%.

Particularly: Passenger cars of under 10 seats (including driver): between 10% and 20%. Based on the registration fee level in this Clause, provincial-level People’s Councils shall set registration fee levels for passenger cars of under 10 seats (including driver) suitable to local realities.

Registration fee rates applied to other cases are remained as previous regulations: land and houses: 0.5%, hunting rifles and sports guns: 2%, ships, badges, motor boats, tug ships, push ships, boats, yachts, aircraft: 1%, motorcycles: 2%, automobiles, trailers or semi-trailers pulled by automobiles: 2%. The maximum registration fee level for each item of property specified in this Article is VND 500 million, except for passenger cars of under 10 seats (including driver), aircraft and yachts.

Registration fee calculation prices are prices issued by provincial-level People’s Committees instead of many ways in calculating registration fee as previous regulations; this will be helpful for managing agencies in defining registration fee.

As according to this Decree, aircraft is also added to objects subject to registration fee, registration fee rates for aircraft is 1%, therefore, list of objects subject to registration fee applied from September 01, 2011 will include 8 objects.