Extension of payment of special consumption tax on domestic cars

The Government has just issued Decree No. 36 extending the deadline for paying special consumption tax on domestically produced or assembled cars.

Specifically, the special consumption tax payable for the tax periods of June, July, August and September 2023 will be postponed to November 20 this year.

Taxpayers submit their extension requests electronically or in paper form to the tax authority. If taxpayers make additional declarations for the extended tax period that result in an increase in the tax payable, the extended tax amount will include the additional tax payable due to the additional declaration.

Branches and agents of automobile manufacturing enterprises are also eligible for an extension to pay this type of tax and declare taxes to the directly managing tax authority. If the branch or affiliated unit of the enterprise does not have automobile manufacturing or assembling activities, it will not be eligible for an extension.

Since 2020, this is the fourth time the special consumption tax on domestically produced and assembled cars has been extended. Last year, this policy was also applied to support domestic enterprises, with over VND9,600 billion in deferred tax payments.

Decree 36 takes effect from June 21 until the end of this year. After the extension period, this tax will be paid according to current regulations.

According to VnExpress