Ministry of Finance 'adjusts' registration tax on cars and motorbikes, collects through banks

The Ministry of Finance has just announced additional instructions on how to pay registration tax through modern electronic transactions, requiring car buyers to pay directly or declare documents to tax authorities on the websites of the General Department of Taxation, banks, and treasuries.

Recently, the Ministry of Finance issued Decision No. 942 on supplementing the list of registration fees for new cars and motorbikes. Specifically, 135 types of imported cars with 9 seats or less; 19 types of domestically assembled cars with 9 seats or less are subject to registration tax adjustment; 29 types of imported two-wheeled motorbikes; 127 types of domestically produced and assembled two-wheeled motorbikes are also subject to this registration tax adjustment.

Registration tax on many types of cars and motorbikes is adjusted.

Specifically, many luxury car models have had their registration tax adjusted to increase by nearly 3 billion VND compared to before. For motorbikes, vehicles such as Honda Vision, Air Blade, SH Mode, SH150i/150i ABS and Yamaha Janus will be subject to new registration fee rates. In particular, the base price for calculating registration fees has increased from 2 to 24 million VND/vehicle.

The Ministry of Finance said that there are methods for people to pay registration tax, including electronic payment and direct payment at state agencies responsible for collecting taxes and fees such as: Banks, treasuries, tax authorities, etc.

"Taxpayers must pay tax via internet banking or visit the General Department of Taxation's website to pay tax directly when requested. However, taxpayers must have a bank account to confirm professional transactions with the authorities," the document stated.

To declare and pay registration tax electronically, people must fully declare information including the certificate of technical safety and quality; environmental protection certificate, and type certificate on the registration fee declaration form of the Ministry of Finance.

According to the regulations of the Ministry of Finance, after people pay registration tax, the bank will debit the taxpayer's account, exercise the right to provide information about tax payment documents to people and provide these authentications to the police agency for vehicle registration.

For those who declare and pay taxes directly through the tax authority or directly through electronic transactions. People must have a digital signature of the sender with legal validity such as a seal and signature, then only need to write the file code, payment name without having to declare vehicle characteristics information.

Electronic registration fee data transmission messages from the Electronic Information Portal of the General Department of Taxation and the Traffic Police Department must be accompanied by an electronic confirmation message between the sending and receiving units and the time of receiving and sending. The confirmation message is the basis for determining the success of electronic data transmission.

To complete the registration tax payment procedure, after people have completed all the procedures, the tax authority will send a text message to notify people to go to the traffic police agency to complete the vehicle registration procedure as the file code, including different receipts such as registration tax payment certificates and these transactions must be sent from the tax authority to the police agency.

According to VnEconomy