Official Telegram on extending the deadline for excise tax payment for automobiles in Vietnam in 2024

Official Telegram on extending the deadline for excise tax payment for automobiles in Vietnam in 2024 (Image from the internet)

On June 18, 2024, the Director General of the General Department of Taxation of Vietnam issued Official Telegram 03/CD-TCT implementing the extension of the deadline for excise tax payment for domestically produced or assembled automobiles under Decree 65/2024/ND-CP.

Official Telegram on extending the deadline for excise tax payment for automobiles in Vietnam in 2024

On June 17, 2024, the Government of Vietnam issued Decree 65/2024/ND-CP regulating the extension of the deadline for the payment of excise tax arising from the tax periods of May, June, July, August, and September 2024 for domestically produced or assembled automobiles. The extension period is from the end of the excise tax payment deadline as stipulated by tax management laws until the end of November 20, 2024. The deadline to submit the Application for Extension of excise tax payment is no later than November 20, 2024. The decree is effective from the date of signing until December 31, 2024.

The General Department of Taxation requests the Tax Departments to promptly implement and promulgate the extension of the excise tax payment deadline for domestically produced or assembled automobiles as stipulated in Decree 65/2024/ND-CP to continue alleviating difficulties and supporting the recovery of production and business activities for those facing significant hardships as directed by the Government of Vietnam.

Procedure for extending the deadline for excise tax payment for automobiles in Vietnam in 2024

- Taxpayers eligible for the extension shall submit an Application for Extension of excise tax payment (electronically or via hard copy directly to the tax authority or by postal means) according to the form in the Annex issued with this Decree to their directly managing tax authority, once for all the tax periods eligible for the extension along with the excise tax return as stipulated by the tax management laws. If the Application for Extension of excise tax payment is not submitted concurrently with the excise tax return, the deadline for submitting the Application for Extension of excise tax payment is no later than November 20, 2024. The tax authority will still grant the extension of the excise tax payment deadline as stipulated.

- Taxpayers are to self-determine and take responsibility for ensuring their eligibility for the extension as per this Decree.

- The tax authority does not need to notify the taxpayer about the acceptance of the excise tax payment extension. If during the extension period, the tax authority finds grounds to determine that the taxpayer is not eligible for the extension, the tax authority will issue a written notification to the taxpayer about stopping the extension, and the taxpayer must pay the full tax amount and late payment interest for the period already extended to the state budget. If, after the extension period, the tax authority discovers through audit or inspection that the taxpayer was not eligible for the extension, the taxpayer must pay the outstanding tax amount, fines, and late payment interest as recalculated by the tax authority to the state budget.

- During the extension of the excise tax payment period, the tax authority will not calculate late payment interest on the extended excise tax amount. If the tax authority has already calculated late payment interest on excise tax returns eligible for extension as stipulated, the tax authority will adjust accordingly to exclude the late payment interest on excise tax.

(Article 4 Decree 65/2024/ND-CP)

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