Continue to collect and adjust price for calculating registration fees of automobiles and motorcycles
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.
Related News
Implementing unprecedented fiscal policies to actively support people and businesses
16:25 | 17/04/2024 Finance
Ministry of Finance conducts general verification of public assets
17:07 | 14/04/2024 Finance
Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation
10:49 | 09/04/2024 Finance
Latest News
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff
09:09 | 11/04/2024 Regulations
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations
09:31 | 10/04/2024 Regulations
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th
20:09 | 07/04/2024 Regulations
More News
Improving the customs legal system to be modern, synchronous, unified and transparent
10:33 | 07/04/2024 Regulations
New points about rules of origin in AKFTA
08:05 | 03/04/2024 Regulations
It is necessary to build a national database on cross-border trade and transport
15:23 | 29/03/2024 Regulations
Removing difficulties in tax exemption and refund policies for export processing enterprises
14:48 | 27/03/2024 Regulations
Reviewing the list of scrap that is temporarily suspended from temporary import and re-export business
15:41 | 24/03/2024 Regulations
New law expected to boost financial leasing
14:05 | 22/03/2024 Regulations
5% VAT on fertilisers to create fairer market: domestic producers
14:03 | 22/03/2024 Regulations
Why not reduce export tax on fertilizer products to 0%?
09:37 | 21/03/2024 Regulations
Ho Chi Minh City Customs proposed to reduce VAT
09:54 | 20/03/2024 Regulations
Your care
Reporting to the National Assembly for considering VAT reduction in the second half of 2024
17:09 | 14/04/2024 Regulations
The Prime Minister requested that before April 25, complete the revision of regulations on import and export of medicinal materials
10:33 | 13/04/2024 Regulations
No need to reduce the output of manufacturing and assembling automobile to enjoy preferential tariff
09:09 | 11/04/2024 Regulations
Hundreds of tons of cinnamon essential oil are left in inventory due to export regulations
09:31 | 10/04/2024 Regulations
Business suspension of temporary import and re-export of Monazite ores and ore concentrates will be valid on May 13th
20:09 | 07/04/2024 Regulations