Sources of information serving the establishment of the Price list

1. Regarding automobiles and motorbikes domestically manufactured and assembled

a) Notifications of the selling prices submitted by enterprises manufacturing and trading in automobiles and motorbikes;

b) Information from price database;

c) Information about prices updated on the system of management of registration fees formulated by tax authorities;

2. Regarding imported automobiles and motorbikes

a) Notifications of the selling prices of enterprises trading in imported automobiles and motorbikes;

b) Information about the values for calculation of import duties, the import duties, the special excise duty and the VAT applicable to imported automobiles and motorbikes provided by customs authorities;

c) Information extracted from price database;

d) Information about prices updated on the system of management of registration fees of tax authorities;

Article 5. Amendment to the Price list

1. The Price list shall be amended upon the addition of an automobile or a motorbike to the Price list or the actual price for any automobile and motorbike on the Price list issued by the Ministry of Finance which increases or decreases by at least 20%.

2. When receiving information about automobiles and motorbikes other than those specified on the Price list or the adjustment to price of automobiles/motorbikes on the Price list, the General Department of Taxation shall, depending on the sources of information specified in Article 4 of this Circular and the market price of automobiles and motorbikes, consider amending the Price list according to regulations in point b clause 2 Article 6 of the Decree No. 140/2016/ND-CP dated October 10, 2016 by the Government.

Article 6. Application of the Price list

1. The prices for automobiles and motorbikes on which registration fees are imposed are specified on the Price list enclosed with this Circular.

If the market price for an automobile or motorbike is lower than that on the Price list, then the latter shall apply.

2. When the declaration of registration fee has been fully submitted, if the market price of an automobile/motorbike increases by 20% in comparison with the applicable Price list or such vehicle is not specified on the Price list, then the Tax authority shall, depending on the prices for automobiles and motorbikes on which registration fees are imposed on the Price list and the guidelines in point a clause 3 Article 3 of the Circular No. 301/2016/TT-BTC dated November 15, 2016 by the Minister of Finance, determine the prices on which registration fees are imposed. If the involving automobile/motorbike is not included on the Price list issued by the Ministry of Finance, Provincial Departments of Taxation shall notify the prices on which registration fees are imposed to Sub-departments of Taxation for consistent application in its provinces.

Within 03 working days from the day on which the automobile/motorbike is registered, the Department of Taxation of the province shall send General Department of Taxation a report on cases where an automobile/motorbike is not included on the Price list issued by the Ministry of Finance or where the price increases/decreases by 20% or more in comparison with the applicable Price list arising in its province by the time of submission of the declaration of registration fee and the relevant documents (if any).

Periodically, General Department of Taxation shall request the Ministry of Finance to issue the Decision on amendments to the Price list to apply to the aforementioned cases according to regulations in Article 5 of this Circular.