On October 14, 2013, the Ministry of Finance issued Circular No. 140/2013/TT-BTC on amending and supplementing the Circular No. 34/2013/TT-BTC dated March 28, 2013 of the Ministry of Finance which details the registration fee.
Accordingly, for automobiles bearing diplomatic number plate, foreign number plate and international number plate specified in Clause 2 Article 4 of the Decree No. 45/2011/ND-CP transferred to other organizations or individuals in Vietnam (Not under objects specified in Clause 2 Article 4 of the Decree No. 45/2011/ND-CP), the transferring organizations or individuals shall do procedures for declaration, submission of import tax, excise tax, value-added tax in accordance with regulations and payment of the registration fee at the rate for the first time (From 10% to 15%) in accordance with regulations of the People’s Council of provinces and central- affiliated cities.
For automobiles bearing foreign number plate owned by foreigners (not under objects specified in Clause 2 Article 4 of the Decree No. 45/2011/ND-CP), of which the owners have declared and submitted the registration fee at the rate of the first time upon registering the ownership and use right. If the foreigners transfer these assets to other organizations or individuals in Vietnam, the transferred organizations or individuals must declare and submit the registration fee upon registering for ownership and use right at the rate of 2%.The price used to calculate the registration fee is defined in line with the real transferring price of the domestic market.
The Circular takes effect on December 1, 2013.
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