On January 15, 2022, the Government issued Decree 10/2022/ND-CP regulating registration fees. This Decree takes effect from March 1, 2022, abolishing the Decree 140/2016/ND-CP on registration fees and Decree 20/2019/ND-CP amending and supplementing a number of article of Decree No. 140/2016/ND-CP.
Compared with Decree No. 140/2016/ND-CP dated October 10, 2016 of the Government on registration fees and Decree No. 20/2019/ND-CP dated February 21, 2019 of the Government amending and supplementing In addition to a number of articles of Decree No. 140/2016/ND-CP dated October 10, 2016 of the Government, Decree No. 10/2022/ND-CP has the following notable new contents:
– Regarding the registration fee rate for electric cars running on batteries: The rate will be divided into two timelines: Within 3 years from March 1, 2022, the first-time registration fee is 0%; Within the next 2 years: the first-time registration fee is 50% of the fee rate for petrol and oil cars with the same quantity of seats. In addition, battery-powered electric cars will pay the registration fee for the second time onward at a rate of 2% and uniformly applied nationwide.
– Regarding types of taxable objects: Article 3 of Decree 10/2022/ND-CP has added new subjects to registration fee which are ships in accordance with regulations of the law on inland waterway transport and the maritime law, including barges, canoes, tugs, pushers, submarines, and submersibles; except for floating docks, floating storage units, and mobile offshore drilling units.
– Regarding the factors for determining the registration fee for new motor vehicle and motorcycle: right at the time the motor vehicle and motorcycle owner submits the registration fee declaration that is not included in the Table of base prices, the tax agency shall base on the vehicle type in case of a motor vehicle or motorcycle; base on the country of manufacture, brand, and the maximum payload capacity allowed to be in traffic in case of a truck; base on the country of manufacture, brand, and the number of people allowed for transportation, including the driver in case of a coach.
– Regarding the base price to determine the registration fee for the apartment building: The base price for a tenement or an apartment building includes its allocated land value. The allocated land value is determined by the land price in the Land Price List issued by the People’s Committee of the province or centrally affiliated city multiplied by the allocation coefficient.