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VietNamNews

Car registration fees to fall to 10 per cent next year

Update: December, 21/2012 - 10:37

HA NOI (VNS)— The registration fee for cars will be cut to 10 per cent next year from the current level of 15 per cent, according to the Ministry of Finance.

Also, for secondhand cars, the registration fee will also decrease sharply to 2-5 per cent from the current 10-15 per cent.

Finance Minister Vuong Dinh Hue said high fees would increase tax evasion and lead to tax losses.-VNS

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