Late Traffic Violation Fines Now Subject to Interest Charges

From 5/5/2023 onwards, individuals and organizations found guilty of administrative violations, including traffic violations, will be charged a daily late penalty interest of 0.05% on the total amount of fines.

0
49

The Ministry of Finance has recently released Circular 18/2023, which took effect on May 5, 2023. This circular provides guidelines for the collection and remittance of fines, as well as the allocation of funds from the state budget to ensure the operations of enforcement agencies for administrative violations.

Individuals and organizations who commit violations are required to pay the penalty within the given timeline. If the payment is delayed, an additional charge of 0.05% will be applied per day. The delay includes holidays and leave days, starting from the day after the payment deadline until the actual date of payment into the state budget.

To collect fines, individuals must present the penalty decision when paying directly at the State Treasury or commercial banks. If transferring funds, the payer must specify the penalty payment details and the decision number.

It is important for traffic violators to pay their fines on time to avoid additional charges, starting from May 5, 2023.

The circular also clarifies the calculation of late payment charges. If the penalty decision is handed over in person, the calculation starts 10 days after the enforcement deadline stated in the decision, counting from the date of receipt. For cases where the penalty decision is sent by post, the calculation starts 10 days (including holidays) after the enforcement deadline, counting from the issuance date of the valid penalty decision.

Late payment charges are not calculated during the deferred enforcement period of the penalty decision.

Traffic violations are quite common, with a high rate of offenses. For instance, in 2022, the nationwide traffic police force handled over 308,000 cases of violations related to alcohol concentration. According to the report from the Office of the Ministry of Public Security, on May 2, 2023, the traffic police force handled 9,703 cases of traffic safety violations, resulting in fines of over VND 20.87 billion. Additionally, 168 cars, 4,426 motorcycles, and 18 other vehicles were temporarily seized, and 2,166 driving licenses of all kinds were revoked.

You may also like

From now on, late traffic violation fines will incur interest.

Starting from 5/5/2023, individuals and organizations who commit administrative violations (including traffic violations) will be subject to a daily late penalty interest of 0.05% on the total amount of fines.

Penalties for Lamborghini driver exceeding speed limits of 20-35 km/h on Tp.HCM – Long Thanh – Dau Giay expressway

The yellow Lamborghini supercar with license plate 51H-938.XX was caught exceeding the speed limit by 20-35 km/h and driving without proper license plates. The owner of the vehicle may face a fine ranging from 6.8 million VND to 9 million VND for these two offenses.

Officers and party members will be reported to authorities for traffic violations.

The head of the division reserves the right to discipline and evaluate the individuals who commit violations.

Lamborghini Driver Paying Penalties for Exceeding Speed Limits on Tp.HCM – Long Thanh – Dau Giay Expressway

The yellow Lamborghini sports car with license plate 51H-938.XX was caught speeding 20-35 km/h over the limit and driving without valid license plates. The owner of the car could potentially be fined between 6.8 million VND to 9 million VND for these violations.

Reporting Traffic Violations of Officers and Party Members

The leader of the department holds the authority to discipline and assess individuals who engage in misconduct.