Excise tax deferral for domestically manufactured automobiles in Vietnam

Le Hai

08:01, 10/07/2024

Recently, the Government of Vietnam issued Decree No. 109/2020/ND-CP allowing an excise tax deferral for domestically manufactured automobiles in Vietnam

The Government of Vietnam extends the tax payment deadline for excise tax arising from the tax period of March, April, May, June, July, August, September, and October 2020 for domestically manufactured or assembled automobiles. To be specific:

- The deadline to pay the excise tax due from the tax period of March is no later than September 20, 2020;

- The deadline to pay the excise tax due from the tax period of April is no later than October 20, 2020;

- The deadline to pay the excise tax due from the tax period of May is no later than November 20, 2020;

- The deadline to pay the excise tax due from the tax periods of June, July, August, September, and October is no later than December 20, 2020.

In the case where the taxpayer submits a supplementary tax return for the extended tax period, leading to an increase in the excise tax payable, and sends it to the tax authority before the extended tax payment deadline, the extended tax amount will include the additional tax payable due to the supplementary return.

More details can be found in Decree 109/2020/ND-CP, which comes into effect in Vietnam from September 15, 2020.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn