Car registration fees may reach 50%
Car registration fees may reach 50%
Passenger cars with less than 10 seats (driver seat included) will be subjected to a fee of 10 per cent for a first-time registration.
This is stated in a draft decree, which the Ministry of Finance posted on its website late last week.
The fee may be increased to no more than 50 per cent based on the practical situation in different localities, and people's councils of provinces and cities directly under the central government will decide on the adjustment.While registering a second time, passenger cars with less than 10 seats (driver seat included) will be subjected to a fee of two per cent, a level applied nationwide.
For other types of automobiles or trailers, the registration fee will be two per cent.
A general fee of two per cent will also be applied for motorcycles.
However, motorcycles of organisations and individuals residing in cities or towns where the provincial people's committees are headquartered, will be subjected to a fee of five per cent while registering for the first time.
Motorcycles registered for the second time will be levied a fee of one per cent.
The one per cent fee will also be applied for the registration of airplanes, ships, boats, and yachts, as well as barges and canoes.
The registration fee for shotguns and sport guns will be two per cent, and that for lands and houses will be 0.5 per cent.
The draft decree states that people's committees of provinces and cities directly under the central government will be responsible for defining house and land prices used to calculate registration fees, following principles stipulated by the finance ministry.
The ministry will be in charge of setting prices of the other assets to calculate registration fees nationwide.
These are different from existing regulations, which only say that prices used for registration fee calculations are defined by people's committees of provinces and cities directly under the central government.
