Dossier and Procedures for Implementing Tax Incentives for Automobile Components

21:33, 11/07/2024

Decree 125/2017/ND-CP stipulates a preferential import tax rate of 0% for imported automobile parts under Group 98.49 in Section II Chapter 98 of Annex II of Decree 125/2017/ND-CP.

To implement the tax incentive program, enterprises must complete the dossier and procedures to register for the tax incentive program, specifically:

1. Dossier includes:

- Official Dispatch registering for participation in the Tax Incentive Program according to Form No. 05 (01 original copy) specified in Appendix II of Decree 125;- Certificate of eligibility for automobile manufacturing and assembly enterprise or Investment Certificate or economic-technical justification of the factory (01 certified copy) to prove the production capacity and assembly of the factory in accordance with the minimum annual common output of the Automobile Parts Tax Incentive Program.

2. Procedures

Enterprises shall submit the registration dossier at the customs office where the enterprise's head office is located or where the manufacturing and assembly plant is located for registration after the date this Decree is signed and issued or at any time annually during the duration of the Tax Incentive Program.

The time of participation in the Tax Incentive Program shall be counted from the date of the registration official dispatch onwards.

For more details, please refer to Decree 125/2017/ND-CP effective from January 01, 2018.

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