Extension of Special Consumption Tax Payment Deadline for Domestically Manufactured Automobiles in Vietnam

Extension of Special Consumption Tax Payment Deadline for Domestically Manufactured Automobiles in Vietnam (Image from the Internet)

On June 17, 2024, the Government of Vietnam issued Decree 65/2024/ND-CP regarding the extension of the special consumption tax payment deadline for domestically produced or assembled automobiles.

Extension of Special Consumption Tax Payment Deadline for Domestically Produced Automobiles in Vietnam

In Article 3 of Decree 65/2024/ND-CP, the regulations on extending the special consumption tax payment deadline for domestically produced automobiles are as follows:

(1) Extending the payment deadline for the special consumption tax amount due arising in the tax calculation periods of May, June, July, August, and September 2024 for domestically produced or assembled automobiles.

The extension period lasts from the end of the statutory special consumption tax payment deadline as per tax administration laws until November 20, 2024. Specifically:

- The special consumption tax payment deadline for the tax period of May 2024 is no later than November 20, 2024.- The special consumption tax payment deadline for the tax period of June 2024 is no later than November 20, 2024.- The special consumption tax payment deadline for the tax period of July 2024 is no later than November 20, 2024.- The special consumption tax payment deadline for the tax period of August 2024 is no later than November 20, 2024.- The special consumption tax payment deadline for the tax period of September 2024 is no later than November 20, 2024.

(2) Regulations for certain cases:

- In the event that the taxpayer supplements the tax declaration dossier for the tax period that has been extended, leading to an increase in the special consumption tax amount due and submits this to the tax authority before the extended payment deadline, the extended tax amount includes the additional tax amount due to the supplemental declaration.- Taxpayers eligible for the extension who submit the special consumption tax declaration form as per current legal regulations are not required to pay the special consumption tax amount arising on the declared special consumption tax form during the extended period.- If enterprises have branches or dependent units that file special consumption taxes separately with the direct tax management authorities, these branches or dependent units are also eligible for the special consumption tax payment extension.

Branches or dependent units of enterprises that do not engage in automobile production or assembly are not eligible for the special consumption tax payment extension.

Decree 65/2024/ND-CP takes effect from the date of signing until December 31, 2024.

After the extension period as per Decree 65/2024/ND-CP, the payment of special consumption tax for domestically produced or assembled automobiles will be carried out according to current regulations.

Special consumption tax subjects in 2024

(1) Goods:

- Cigarettes, cigars, and other tobacco products for smoking, inhaling, chewing, sniffing, or sucking;

- Alcohol;

- Beer;

- Cars with less than 24 seats, including cars that carry both passengers and goods, with a design of a fixed partition between the passenger compartment and the cargo compartment;

- Motorcycles with two wheels, three-wheeled motorcycles with an engine displacement of over 125cm3;

- Aircraft, yachts;

- Various types of gasoline;

- Air conditioners with a capacity of 90,000 BTU or less;

- Playing cards;

- Gold bullion, gold items.

(2) Services:

- Operating nightclubs;

- Operating massage parlors, karaoke bars;

- Operating casinos; electronic games with prizes including jackpot games, slot machines, and similar types of machines;

- Operating betting activities;

- Operating golf courses, including selling membership cards and golf tickets;

- Operating lottery activities.

(Article 2 Law on Special Consumption Tax 2008, amended 2014)

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