What is the registration fee? When buying what types of properties, buyers and sellers must pay registration fees? If you have to pay, how much is the payable amount, calculated by what method?
Registration (trước bạ) is a Vietnamese kanji introduced into Vietnam, usually used when discussing legal issues.
Initially, ‘registration’ was understood as recording in the books, ‘directory’ of the Government of Vietnam. However, now, registration or specifically ‘đăng ký trước bạ’ has been understood as the registration of ownership rights for certain types of property in accordance with the law.
Accordingly, the registration fee is a legal fee that the owner of a fixed asset must declare and pay to the tax agency before putting that fixed asset into use.
These types of fixed assets can be houses, land, motorbikes, cars, yachts, even guns, shotguns, etc. Buyers of these types of assets will have to pay an additional registration fee for the agency they go to register to buy.
Decree No. 10/2022/ND-CP dated January 15, 2022 regulating registration fees was signed and promulgated by Deputy Prime Minister Le Minh Khai.
According to Decree 10, organizations and individuals whose properties are subject to registration fees specified in Article 3 of this Decree must pay registration fees when registering ownership and use rights with competent state agencies, except for cases eligible for registration fee exemption as prescribed in Article 10 of this Decree.
The basis for calculating the registration fee is the registration fee calculation price and the registration fee rate (%).
The registration fee rate (%) is:
1. House, land: The fee is 0.5%.
2. Hunting guns; Guns used for training and sports competitions: The fee is 2%.
3. Ships, including barges, canoes, tugs, pushers, submarines, submersibles; boats, including yachts; aircraft: The fee is 1%.
4. Motorcycle: The fee is 2%.
• Motorcycles of organizations and individuals in centrally run cities; provincial city; the town where the provincial People’s Committee is headquartered shall pay the registration fee for the first time at the rate of 5%.
• Motorcycles paying registration fee for the second time onward will be charged 1%. In case the property owner has declared and paid the registration fee for motorbikes of 2%, then transferred it to an organization or individual in the area specified at Point a, Clause 4, Article 8 of Decree 10, the registration fee shall be paid at the rate of 5%.
Organizations and individuals shall declare and pay registration fees in accordance with the law on tax administration when registering property ownership and use rights with competent state agencies.
Electronic data for payment of registration fees through the State Treasury, commercial banks or payment intermediary service providers, digitally signed by the General Department of Taxation and provided on the National Public Service Portal, is valid as a paper document..
Traffic police agencies, natural resources and environment agencies and other competent state agencies have connection to the National Public Service Portal to access and exploit the above data to serve the settlement of administrative procedures related to the registration of property ownership and use rights.
The registration fee-collecting agency shall pay 100% of the collected registration fee amount into the state budget in accordance with law.
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