Electronic payment for registration fees of automobiles and motorcycles implemented from the first quarter of 2017

VCN - After a period of preparing databases and equipment, and working with the relevant authorities, the General Department of Taxation is expected to deploy the electronic tax payment for registration fee of automobiles and motorcycles on the first quarter of 2017.
electronic payment for registration fees of automobiles and motorcycles implemented from the first quarter of 2017

Electronic payment for the registration fee of automobiles and motorcycles will become one of the utility services of the Taxation.

To officially launch the electronic tax payment for the registration fee of automobiles and motorcycles to be one of the utility services of the Tax Department, the General Department of Taxation and the Traffic Police Department have completed the analysis of data exchange between the two departments. At the end of November, 2016, the Department of Information Technology (General Department of Taxation) collaborated with the Departments to deploy the transmission line connecting to the Traffic Police Department and check the data transmission. Currently, the General Department of Taxation has completed a draft Regulation.

Regarding coordination involving the Vietnam Registry, after analysis meetings, the Vietnam Registry has provided information and data on imported vehicles and locally assembled vehicles for the Department of Information Technology to analyze and transfer the data under the design. Along with that, building a national unified price list, the Department of Information Technology collaborated with the Department of Personal Income Tax Administration to transfer all data of imported vehicles and locally assembled vehicles in the country into the national unified price list to apply nationwide. According to the General Department of Taxation, the national price list of registration fee is expected to be issued in the fourth quarter of 2016

The General Department of Taxation is currently drafting a regulation on the issuance of a national unified price list under the direction of the Ministry of Finance. Therefore, to ensure the deployment progress of Resolution NQ-CP soon from 2016 and Decree No. 140/2016/ND-CP on the registration fee, the Department of Information Technology in collaboration with the Department of Personal Income Tax Administration submitted to the Ministry of Finance the deployment of electronic tax declaration and payment for automobiles and motorcycles along with the deployment of the national price list of registration fee of automobiles and motorcycles in the first quarter of 2017.

The electronic payment for registration fee of automobiles and motorcycles is expected to apply for individuals, organizations and businesses; and motorcycle and automobile Dealers (authorized by the individual, organizations and businesses in declaration and payment of registration fee as prescribed) in vehicle registration of automobiles and motorcycles. The electronic declaration and payment of the registration fee will be applied when required: electronic declaration of the registration fees for imported automobiles and motorcycles and locally assembled automobiles and motorcycles (new unused types) subject to the registration and requirement of number plates of the public authority except objects where the individuals, organizations, businesses or automobiles subject to non-payment of the registration fees or are free from registration fees.

Sharing at the Vietnam Electronic Payment Forum, Deputy Director General of the General Department of Taxation Nguyen Dai Tri said that the objects are individuals, individual business and households accounting for a large proportion of national taxpayers. Therefore, the implementation of tax administrative procedures through electronic transactions, in which electronic tax declaration and payment is a major task of Taxation. The target is electronic tax declaration and payment for some objects occurring transactions with the Tax authorities without electronic support services, including electronic tax payment for the registration fees of automobiles and motorcycles

The payment of the registration fees will be implemented through Banks: The Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV); Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank); Joint Stock Commercial Bank for Industry and Trade of Vietnam (VietinBank); and Vietnam Bank for Agriculture and Rural Development (Agribank). In addition, taxpayers can implement the tax payment through Internet banking.
By Thuy Linh/ Huyen Trang

Related News

Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
More efficient thanks to centralized payments between the State Treasury and banks

More efficient thanks to centralized payments between the State Treasury and banks

VCN - The State Treasury (KBNN) is continuing to maintain the stable operation of payment systems within the KBNN system and payments with banking systems to ensure smooth, timely and safe operations.
Allocating credit room, motivation for banks to compete

Allocating credit room, motivation for banks to compete

VCN - The State Bank of Vietnam (SBV) has announced that it will allocate the credit growth limit (room) for banks that have achieved 80% of their target. This is an incentive for banks to increase their competitiveness.
Banks minimize costs, optimize profits

Banks minimize costs, optimize profits

VCN - In the first months of the year, banks' ability to optimize costs has improved significantly, especially when many banks have actively transformed digitally and cut costs in the context of a difficult economy.

Latest News

"One law amending four laws" on investment to decentralize and ease business challenges

"One law amending four laws" on investment to decentralize and ease business challenges

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") focuses on amending conflicting regulations that are causing obstacles, to facilitate investment, production, and business activities.
One law amending seven financial laws: New driving force for economic growth

One law amending seven financial laws: New driving force for economic growth

VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simplified procedure and will be approved at this session. The simultaneous amendment of many provisions in the laws in the financial sector and their early approval demonstrate the determination and great efforts of the National Assembly, the Government, and the Ministry of Finance in creating a system of open and appropriate policies, promoting investment resources in the economy, thereby promoting economic growth in the new period.
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

VCN - In the short term, applying 5% VAT on fertilizers may increase selling prices, but in the long term, farmers will benefit from this policy. When the fertilizer manufacture is deducted input tax, it will help reduce investment cost and production cost.
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Recently, the implementation of a series of policies on tax, fee, and land rent exemption, reduction, and deferral has provided timely support for businesses to recover and develop, thereby making positive contributions to economic growth.

More News

Revamping commodity management and trade protection

Revamping commodity management and trade protection

VCN - Completing commodity management policies combined with applying trade defense measures plays an important role in protecting the interests of businesses and the Vietnamese economy. Close coordination between management agencies not only helps prevent trade fraud but also creates favorable conditions for exporting businesses, minimizing risks from anti-dumping lawsuits.
Tax support policy is a "lift" for business bounceback

Tax support policy is a "lift" for business bounceback

VCN- Sharing with Customs Magazine, economic expert, Associate Professor, Dr. Dinh Trong Thinh highly appreciated the effectiveness of tax and fee reduction measures implemented by the Government and the Ministry of Finance. These policies not only enable businesses to reduce input costs and increase profits, but also promote consumption and production of businesses.
VAT policy for on-the-spot imports

VAT policy for on-the-spot imports

VCN- The General Department of Vietnam Customs has instructed Dong Nai Food Industry Corporation on VAT policy for imported tobacco leaves separated from stems.
Applying tax on animal feed ingredient faces problems due to specialized regulations

Applying tax on animal feed ingredient faces problems due to specialized regulations

VCN - The unified application of regulations of specialized legal documents related to value-added tax (VAT) policies on imported raw materials for animal feed has caused many problems. Notably, the accurate identification for imported raw materials for animal feed not only causes difficulties for the enterprise but also for the enforcement authority.
Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024

VCN - The Ministry of Finance has just completed the draft Decree of the Government regulating the reduction of land rent in 2024. Accordingly, in the latest Draft, the Ministry of Finance directly proposed to choose the reduction level according to option 2 of 30%.
Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"

Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"

VCN - According to the representative of the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Finance and the National Assembly Committees are urgently collecting opinions to complete the draft Law amending seven Laws, to ensure that the issued regulations are reasonable and remove difficulties for businesses.
Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive

Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive

VCN - As import and export activities increase, security risks also increase. Therefore, to meet the requirements of both strict security control and shortening clearance time, facilitating trade, one of the effective solutions is to cooperate, exchange and process information before the goods arrive.
New regulations on foreign indirect investment in Vietnam drafted

New regulations on foreign indirect investment in Vietnam drafted

The State Bank of Vietnam (SBV) is drafting a circular to better manage foreign investment protocols and hopefully make them speedier.
Considering amending regulations on suspension from exit due to tax arrears

Considering amending regulations on suspension from exit due to tax arrears

VCN - To facilitate the implementation of suspension from exit, the General Department of Taxation directs specialized units to study and amend and supplement current regulations to ensure both improving the efficiency of tax debt collection and creating conditions for enterprises and taxpayers to develop stable production and business as well as facilitate travel and trade activities.
Read More

Your care

Latest Most read
"One law amending four laws" on investment to decentralize and ease business challenges

"One law amending four laws" on investment to decentralize and ease business challenges

VCN - According to the Government, the draft Law amending and supplementing certain provisions of the Planning Law, Investment Law, Law on Investment under Public-Private Partnerships (PPP), and Bidding Law (referred to as "One law amending four laws") fo
One law amending seven financial laws: New driving force for economic growth

One law amending seven financial laws: New driving force for economic growth

VCN - Draft 1 of the Law amending 7 laws in the financial sector has been officially submitted and discussed at the 8th session of the 15th National Assembly. According to the Law-making program, the Law will be developed and promulgated following a simpl
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers

VCN - The representative of the Vietnam Fertilizer Association cites data from the Ministry of Finance, as saying that about VND10,000 billion of VAT has not been deducted from business expenses from 2015 to present.
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth

Recently, the implementation of a series of policies on tax, fee, and land rent exemption, reduction, and deferral has provided timely support for businesses to recover and develop, thereby making positive contributions to economic growth.
Revamping commodity management and trade protection

Revamping commodity management and trade protection

Completing commodity management policies combined with applying trade defense measures plays an important role in protecting the interests of businesses and the Vietnamese economy.
Mobile Version