(CPV) – The Ministry of Finance has issued circular No 124/2011/TT-BTC on pre-registration fees.
Under the circular, registration fees on vehicles with 10 or less seats (including driver) will be lifted from 10 percent to 20 percent.
Pre-registration fees on housing and land will be fixed at 0.5 percent, while a rate of 1 percent will be applied to ships, barges, motor boats, cruisers and airplanes. Motorbikes will be subject to registration fees of 1-5 percent.
The circular will take effect from October 15, 2011.