Guidelines for extension of excise tax payment deadlines for domestically manufactured or assembled automobiles in Vietnam

Guidelines for extension of excise tax payment deadlines for domestically manufactured or assembled automobiles in Vietnam (Image from the internet)

1. Guidelines for extension of excise tax payment deadlines for domestically manufactured or assembled automobiles in Vietnam

Article 3 of Decree 65/2024/ND-CP stipulates the extension of excise tax payment deadlines for domestically manufactured or assembled automobiles in Vietnam as follows:

- Extension of the excise tax payment deadline for excise tax payable arising in the tax period of May, June, July, August, and September of 2024 for domestically manufactured or assembled automobiles. The extension period is from the end of the excise tax payment deadline as prescribed by tax administration law until November 20, 2024. Specifically:

+ The excise tax payment deadline for excise tax payable arising in the tax period of May 2024 is no later than November 20, 2024.

+ The excise tax payment deadline for excise tax payable arising in the tax period of June 2024 is no later than November 20, 2024.

+ The excise tax payment deadline for excise tax payable arising in the tax period of July 2024 is no later than November 20, 2024.

+ The excise tax payment deadline for excise tax payable arising in the tax period of August 2024 is no later than November 20, 2024.

+ The excise tax payment deadline for excise tax payable arising in the tax period of September 2024 is no later than November 20, 2024.

- Provisions for specific cases:

+ In case the taxpayer supplements the tax declaration dossier of the extended tax period leading to an increase in the excise tax payable and sends it to the tax authority before the end of the extended tax payment deadline, the extended tax includes the increased tax amount due to the supplementary declaration.

+ In case the taxpayer entitled to the extension performs the declaration and submission of the excise tax declaration according to current law, the excise tax payable arising on the declared excise tax declaration during the extended period is not yet required to be paid.

+ In case an enterprise has branches or affiliated units that file separate excise tax declarations with the directly managing tax authority of the branches or affiliated units, the branches or affiliated units are also subject to the extension of excise tax payment. However, if the branches or affiliated units of the enterprise do not have activities related to manufacturing or assembling automobiles, they are not subject to the extension of excise tax payment.

2. Procedures for extension of excise tax payment deadlines for domestically manufactured or assembled automobiles in Vietnam

Article 4 of Decree 65/2024/ND-CP stipulates the procedures for extension of excise tax payment deadlines for domestically manufactured or assembled automobiles in Vietnam as follows:

- Taxpayers entitled to the extension shall send the Application for extension of excise tax payment deadline (electronically or by hard copy to the tax authority or by postal mail) according to the Form in the Appendix issued together with Decree 65/2024/ND-CP to the directly managing tax authority once for all the extended periods at the same time as the excise tax declaration submission as prescribed by tax administration law. If the Application for extension of excise tax payment deadline is not submitted together with the excise tax declaration, the submission deadline of the Application for extension is no later than November 20, 2024, and the tax authority will still carry out the extension of the excise tax payment deadline as stipulated in Article 3 of Decree 65/2024/ND-CP.

- Taxpayers shall self-determine and be responsible for ensuring that the application for extension is correct and belongs to the eligible subjects according to Decree 65/2024/ND-CP.

- The tax authority is not required to notify the taxpayer of the acceptance of the excise tax payment extension. If during the extension period, the tax authority determines that the taxpayer is not eligible for the extension, the tax authority will issue a notice to the taxpayer about stopping the extension, and the taxpayer must fully pay the tax and late payment interests during the extended period into the state budget. If after the extension period, the tax authority discovers after inspection or audit that the taxpayer is not eligible for the excise tax payment extension according to Decree 65/2024/ND-CP, the taxpayer must pay the underpaid tax, penalties, and late payment interests determined by the tax authority into the state budget.

- During the excise tax payment extension period, the tax authority shall not calculate late payment interest on the extended excise tax. If the tax authority has already calculated late payment interest on the excise tax declarations eligible for the extension according to Decree 65/2024/ND-CP, the tax authority shall adjust it not to include the late payment interest on excise tax.

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