Registration fees for under-10-seat cars goes up as of August 25

The registration fees for under-10-seat cars will increase from the current 5 percent to 10-15 percent of the purchase price as of August 25, according to regulations in Government Decree 80.

Decree 80 is aimed at limiting individuals and organisations buying luxury goods in an effort to keep the inflation rate in check and reduce import surplus. Luong Phu Son from the Hanoi Department of Taxation said that the decree also aims to ease traffic jams and increase revenues for the State.

Decree 80 stipulates that local people’s councils will decide the application of the new registration fees for cars in accordance with the actual situation in each locality.

When the decree is issued, the General Department of Taxation and the Hanoi Tax Department will issue instructions to affiliated units with detailed guidelines of administrative formalities to facilitate the registration process for individuals and organisations and ensure the legal interests of taxpayers.

VOV

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