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Auto pre-registration fees lifted to 20 percent
2011-0912
The Ministry of Finance has issued circular No 124/2011/TT-BTC on pre-registration fees.
Under the circular, registration fees on vehicles with 10 or less seats (including driver) will be lifted from 10 percent to 20 percent.
Pre-registration fees on housing and land will be fixed at 0.5 percent, while a rate of 1 percent will be applied to ships, barges, motor boats, cruisers and airplanes. Motorbikes will be subject to registration fees of 1-5 percent.
The circular will take effect from October 15, 2011.
Under the circular, registration fees on vehicles with 10 or less seats (including driver) will be lifted from 10 percent to 20 percent.
Pre-registration fees on housing and land will be fixed at 0.5 percent, while a rate of 1 percent will be applied to ships, barges, motor boats, cruisers and airplanes. Motorbikes will be subject to registration fees of 1-5 percent.
The circular will take effect from October 15, 2011.
Source: Bao Dang Cong San
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