According to the Decree, procedures for deferral of excise tax on motor vehicles produced or assembled in Vietnam are prescribed as follows:
- A taxpayer shall send an application form for deferral of excise tax payment according to the Appendix attached to Decree No. 32/2022/ND-CP to a tax authority, which will be used for all deferral periods.
- The taxpayer shall be responsible for his/her eligibility for deferral.
- The tax authority is not required to notify the taxpayer if the application is approved.
+ In case there is the evidence that the taxpayer is not eligible for deferral during the deferral period, the tax authority shall have a written notification of deferral termination.
The taxpayer must fully pay tax and late payment interest accrued over the deferral period to the state budget.
+ In case the taxpayer found to be ineligible for deferral after the deferral period, the taxpayer must pay tax arrears, fine and late payment interest to the state budget.
- The tax authority shall not charge late payment interest on the amount of tax eligible for deferral during the deferral period.
Excise tax on motor vehicles produced or assembled in Vietnam in the tax periods of June, July, August and September of 2022 will be deferred until the end of November 20, 2022.
Decree No. 32/2022/ND-CP is effective from the day on which it is signed to the end of December 31, 2022.