HUNDREDS OF CARS AND MOTORCYCLES ARE ADDED TO THE REGISTRATION FEE CALCULATION TABLE

VCN- On 24th May 2017, the Ministry of Finance issued Decision No. 942 / QD-BTC amending and supplementing the list of registration fee calculation, issued with Circular No. 304/2016/TT- BTC.

The MCLAREN 650S SPIDER has the highest registration fee of 22.02 billion vnd.

In the imported vehicles which have been added, the MCLAREN 650S SPIDER has the highest registration fee of 22.02 billion vnd, followed by BENTLEY FLYING SPUR with 19.5 billion vnd; and MCLAREN 570S with 12.57 billion vnd.Accordingly, the Ministry of Finance has supplemented the registration fee calculation price of 135 types of imported cars of 9 seats or less; 19 types of cars of 9 seats or less assembled domestically; 2 types of imported electric cars; 2 types of 4 wheel vehicles with engines built and assembled domestically; 29 types of imported two-wheel motorcycles; and 127 types of two-wheeled motorcycles produced and assembled domestically.

Some imported new cars have been added in this price list such as Audi Q7 3.6 QUATTRO with 2.734 billion vnd; AUDI A7 SPORTBACK 3.0 TFSI QUATTRO with 3.427 billion vnd; BMW X6 xDRIVE 35i M SPORT with 3.446 billion vnd; CHEVROLET CORVETTE STINGRAY COUPE 2LT Z51 with 5.06 billion vnd; FORD F150 LARIAT with 3.65 billion vnd; JAGUAR XJL AUTOBIOGRAPHY with 11.086 billion vnd; LAND ROVER DISCOVERY HSE LUXURY with 4.68 billion vnd, and LEXUS RX350 F SPORT AWD with 4.15 billion vnd.

In addition, the Ministry of Finance has amended the registration fee rates for 27 types of imported cars of 9 seats or less, 3 types of cars of 9 seats or less assembled domestically; 3 types of imported two-wheel motorcycles; 7 types of two-wheeled motorbikes produced or assembled domestically.

This price list is amended and supplemented because the emergence of automobiles and motorbikes has not been yet regulated in the price list issued by the Ministry of Finance.

In addition, other contents are still implemented in accordance with Circular 304. In fact, the actual price of transfer of cars and motorbikes in the market is lower than the price for calculation of registration fee issued by the Ministry of Finance, so the registration fee calculation price is the price in accordance with the price list issued by the Ministry of Finance.

In the case where at the time of submitting registration fee declarations, the actual transfer price of automobiles and motorbikes on the market shall be 20% or higher than the current price list currently applied in registration fee calculation prices as specified in the price list issued by the Ministry of Finance, the tax office shall base on the registration fee of automobiles and motorcycles already available at the price table and at Point a, Clause 3, Article 3 of the Minister of Finance’s Circular No. 301/2016 / TT-BTC of 15th November 2016 to determine the registration fee calculation price as prescribed.

In the case where automobiles and motorbikes have not been yet prescribed in the price index promulgated by the Ministry of Finance, the Tax Department shall notify the local Tax Branches about the prices for registration fee calculation applicable uniformly in the localities.

This decision has been formally adopted by 24th May 2017.

By Hong Van/ Hoang Anh

Source: http://customsnews.vn/