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Subscribe to
The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Tuesday, December 24, 2024

Deferment of excise tax payment allowed for local auto businesses

By N. Tan

Must read

HCMC – The Government has issued Decree 36, allowing local auto manufacturers and assemblers to extend their payments of special consumption tax or excise tax until November of this year.

Under the decree, local auto makers with outstanding special consumption tax amounts payable for the tax period of June, July, August, and September could opt to make their excise tax payments no later than November 20.

Taxpayers can request an extension of excise tax payment online through tax authorities or directly work with tax officers for eligibility.

The deferment of tax payments also applies to the branches and car dealers of local auto manufacturers, who are required to make tax declarations with the direct tax authority.

This marks the fourth time since 2020 that the Government has deferred excise tax payments for locally manufactured and assembled cars. Last year, this policy supported local businesses with a deferred excise tax amount of over VND9,600 billion.

Decree 36 will be effective from June 21 until the end of this year. Following the extension period, special consumption tax must be paid in accordance with the applicable law.

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