What are regulations on excise tax deferral for domestically manufactured or assembled automobiles in Vietnam?

What are regulations on excise tax deferral for domestically manufactured or assembled automobiles in Vietnam?

Pursuant to Clause 1 Article 3 of the Decree 32/2022/NĐ-CP stipulating excise tax deferral for domestically manufactured or assembled automobiles in Vietnam as follows:

1. Defer payable excise tax that arises during tax period of June, July, August, and September of 2022 for motor vehicles manufactured or assembled in Vietnam. The deferred period lasts from the submission deadline of excise tax according to regulations and law on tax administration until November 20, 2022 inclusive, to be specific:

a) No later than November 20, 2022 for excise tax that arises in tax period of June, 2022.

b) No later than November 20, 2022 for excise tax that arises in tax period of July, 2022.

c) No later than November 20, 2022 for excise tax that arises in tax period of August, 2022.

d) No later than November 20, 2022 for excise tax that arises in tax period of September, 2022.

What are cases of excise tax deferral for domestically manufactured or assembled automobiles in Vietnam?

Pursuant to Clause 2 Article 3 of the Decree 32/2022/NĐ-CP stipulating cases of excise tax deferral for domestically manufactured or assembled automobiles in Vietnam as follows:

2. On some cases:

a) In case taxpayers revise tax declaration of the tax period that is deferred thereby leads to an increase in payable excise tax and submit to tax authorities before the deferred expiry date of tax submission, the amount of tax benefitting from the deferral shall include the additional tax.

b) In case taxpayers benefitting from tax deferral make declaration, they shall submit excise tax declaration according to applicable regulations and law without having to submit the payable excise tax on the declared excise tax declaration immediately.

c) In case enterprises have branches and affiliated entities declaring excise tax separately to supervisory tax authorities of branches and affiliated entities, the branches and affiliated entities shall also benefit from excise tax deferral. In case branches and affiliated entities of enterprises do not manufacture or assemble automobiles, they do not benefit from excise tax deferral.

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