Headlines 17/09/2020 14:23 CH

Special Consumption Tax deferral to be granted to domestically manufactured or assembled automobiles

Dương Phạm

The Government promulgates the Decree No. 109/2020/ND-CP granting the deferral of special consumption tax to domestically manufactured or assembled automobiles.

According to this document, payment of special consumption tax amounts accrued during the following taxation terms will be deferred: 

- Deadline for payment of special consumption taxes accrued during the taxation term of March 2020 will be extended to September 20, 2020 as the final deadline;

- Deadline for payment of special consumption taxes accrued during the taxation term of April 2020 will be extended to October 20, 2020 as the final deadline;

- Deadline for payment of special consumption taxes accrued during the taxation term of May 2020 will be extended to November 20, 2020 as the final deadline;

- Deadline for payment of special consumption taxes accrued during the taxation terms of June, July, August, September and October 2020 will be extended to December 20, 2020 as the final deadline.

 (The 2019 Law on Tax Administration is regulating the 20th of the month following the month in which the tax payment obligation arises as the final deadline for tax payment).

Notes:

- If any taxpayer submits the supplementary declaration which leads to an increase in the special consumption tax amount in the taxation term that is deferred for payment to a tax authority before the final deadline for deferred payment, the tax amount permitted for deferred payment will include that increased tax amount.     

- Any taxpayer eligible for tax deferral must complete and submit tax declaration forms in accordance with laws, and will not be obliged to pay special consumption tax amounts specified in these forms.

- If any enterprise has its branches and affiliates manufacturing or assembling automobiles that submit their separate tax declarations to supervisory tax authorities, these branches and affiliates will be classified as those eligible for tax deferral. 

The Decree No. 109/2020/ND-CP is entering into force on September 15, 2020.

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