Continue to collect and adjust price for calculating registration fees of automobiles and motorcycles

VCN – After 2 months of proposing for taking feedback, Ministry of Finance announced officially the explanation, receiving the opinions contributed by the Ministries, sector, provinces and organizations, individuals on the scheme of some amended and supplemented provisions of Decree 140/2016/NĐ-CP of the Government on registration fees.
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Illustration image: Source: Internet

In the Draft Decree that was sent for taking recommendations: Price for calculating registration fees of automobiles and motorbike is the price in the price list of registration fees issued by Ministry of Finance. This price list is calculated under the principle of calculating price of registration fees which is transfer price in the market at the point of establishing price list.

According to this regulation, there is a suggestion to remove the regulation on "promulgation of the price list of registration fees based on the principle of calculating price of registration fees which is transfer price in the market" because the transfer price is based on the lawful sale invoices so the registration fees must also be based on the lawful sale invoices; Request for supplement price notice of the manufacturer as the basis for promulgating the price list; It is recommended to review regulations on registration fees prices for used assets.

Regarding to this issue, the Ministry of Finance has the following opinions: In order to facilitate the declaration, calculation and submission of registration fees via the Internet, contributing to the reform of administrative procedures, ensuring transparency in policy and monitoring people in the implementation, it should be issued in the Price list of calculating registration fees in order to set the basis for calculating the registration fees for automobile and motorbike.

To ensure the price list of registration fees for automobiles and motorbikes in line with the transfer price in the market; Ensuring the correct nature of the calculation price of registration fees for used assets which is the residual value of assets and in compliance with relevant laws; By receiving the above opinions, the Ministry of Finance proposed to amend the principle of promulgating the price list of calculating registration fees for automobiles and motorbikes as follows: The price for calculating registration fees for assets that are automobiles and motorbikes are the prices in price list of registration fees issued by the General Department of Taxation. The calculation of registration fees in the price list of registration fees calculation is determined in accordance with the principle of ensuring the compliance with transfer price of asset in the market at the time establishing price list of registration fees.

For automobiles and motorbikes which are not included in the price list of registration fees, the draft Decree also proposed to the director of the Tax Department to decide on the price for calculating registration fees based on the principle that the minimum price for calculating registration fees is the transfer price of such assets in the market.

There was an opinion that recommended it was not necessary to have the phrase "minimum"; it was suggested to regulate toward the direction that: for newly arising assets, price for calculating registration fees is the transfer price of assets on the market; Requesting the extension of the time limit for making decision on calculation price of registration fees for the director of the Tax Department.

By receiving and also ensuring more timely in determining the calculation of registration fees for vehicles not included in the price list, the Ministry of Finance proposed to amend this regulation into: for the case of arising automobile and motorbike at the time of submitting the registration fees declaration, which is not included yet in the price list of registration fees issued by the General Department of Taxation, within 2 working days from the date of receiving of the declaration, the Director of the Tax Department shall base on the database for determining the price of calculating registration fees of each type of new automobile or motorbikes as a basis for calculation of registration fees in the locality.

By Hồng Vân/Thanh Thuy

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