Additional basis for calculating vehicle registration fees: Some vehicles may have to pay up to 2.6 billion VND.

The Ministry of Finance has issued Decision No. 942/QD-BTC amending and supplementing the list of price tables for calculating vehicle registration fees for cars and motorcycles issued together with Circular No. 304/2016/TT-BTC.Accordingly, many types of cars incur registration fees amounting to billions of dong.

Accordingly, the Ministry of Finance has added the tax base for registration fees for 135 types of imported cars with 9 seats or fewer; 19 types of domestically assembled cars with 9 seats or fewer; 2 types of imported electric cars; 2 types of domestically produced and assembled four-wheeled motor vehicles; 29 types of imported two-wheeled motorcycles and 127 types of domestically produced and assembled two-wheeled motorcycles.

The McLaren 650S Spider model has a pre-tax price of over 22 billion VND.

Leading the list of vehicles subject to registration fee calculation is the McLaren 650S Spider, priced at 22.02 billion VND. If we consider the highest registration fee rate applied in Hanoi, which is 12%, buyers of this supercar could potentially pay up to 2.64 billion VND in registration fees.

Several other imported supercars in the category of 9-seater or smaller vehicles also have exorbitant registration fees, such as the Bentley Flying Spur at 19.5 billion VND or the McLaren 570S at 12.57 billion VND. These models could be subject to registration fees of up to 2.34 billion VND and 1.5 billion VND respectively.

Many models exclusively for the ultra-rich are also listed in this category: Jaguar XJL Autobiography priced at over 11 billion VND, Range Rover SV Autobiography and Porsche Panamera Turbo Executive priced at 11.4 billion VND; Porsche 911 GT3 priced at over 11 billion VND, Mercedes-Benz S500 Maybach priced at approximately 11 billion VND...

Many domestically assembled models with 9 seats or fewer have also been added to this list, including the Mercedes-Benz C200K, E250, E200, and E300 (priced from over 1 billion to nearly 2.8 billion VND); the Mazda CX5 AT-2WD (over 1 billion VND); the Honda Civic 1.8L 5MT FD1; the Toyota HIACE; and the Mazda 626...

In addition, Decision 942 also amends the tax base for registration fees of 27 types of imported cars with 9 seats or fewer; 3 types of domestically assembled cars with 9 seats or fewer; 3 types of imported two-wheeled motorcycles and 7 types of domestically produced and assembled two-wheeled motorcycles.

Some models in this category have very high registration fee prices, such as the Land Rover Range Rover SV Autobigography, priced at 15.6 billion VND; and the Range Rover Autobiography L, priced at 11.75 billion VND.

In addition, other provisions remain in effect according to Circular 304. Decision 942/QD-BTC officially came into force on May 24, 2017.

According to the regulations in this circular, the price list will be amended and supplemented in cases where new cars and motorcycles not yet listed in the price list issued by the Ministry of Finance appear, or when the actual transfer price of cars and motorcycles already listed in the price list issued by the Ministry of Finance increases or decreases by 20% or more.

The taxable value for registration fees of automobiles and motorcycles is stipulated in the price list issued with this circular. If the actual market transfer price of the automobile or motorcycle is lower than the taxable value for registration fees issued by the Ministry of Finance, then the taxable value for registration fees will be the price according to the price list issued by the Ministry of Finance that is currently in effect.

In cases where, at the time of submitting the complete vehicle registration fee declaration, the actual market transfer price of automobiles and motorcycles increases by 20% or more compared to the currently applicable price list, or the registration fee calculation price is not specified in the price list issued by the Ministry of Finance, the tax authority shall base its calculation on the registration fee calculation prices of automobiles and motorcycles already listed in the price list and the guidance in point a, clause 3, Article 3 of Circular No. 301/2016/TT-BTC dated November 15, 2016, issued by the Minister of Finance, to determine the registration fee calculation price as prescribed.

In cases where certain types of automobiles and motorcycles are not listed in the price list issued by the Ministry of Finance, the Tax Department will notify the local Tax Offices of the uniform registration fee calculation price applicable throughout the area.

"Types of parking that can easily lead to towing and fines."

According to the Law Newspaper