Payment deadlines extended for domestic automobiles
Impose special consumption tax on pick-up car | |
Preferential tax policies issued for development of small cars |
Extended payment deadlines ahead for special consumption tax, arising in October and November 2021. Photo: Internet. |
The payment deadline for special consumption tax, arising in October and November 2021 for domestically-manufactured or assembled automobiles, will be extended. For October it will be extended to no later than December 20, and for November no later than December 30, 2021.
If the tax payer makes additional declarations in the extended tax term, which lead to an increase in the payable special consumption tax, and sends their application before the extended tax payment deadline, then the deferred amount will include the additional tax payable.
If the taxpayer is subject to an extension of special consumption tax (SCT), they shall not pay the SCT payable on the declared CIT declaration.
If enterprises have branches and affiliated units that make CIT declarations to the Tax agency, these branches and affiliated units are subject to extension of the CIT payment deadline. If the branches and affiliated units do not engage in auto assembling and manufacturing then they are not subject to the extension of the CIT payment deadline.
The Decree took effect on December 4, 2021.
Related News
20,000 Chinese cars imported in 8 months
09:13 | 30/09/2024 Import-Export
Tax increase for alcohol, beer, tobacco should go with combat against smuggling and tax evasion
09:35 | 11/09/2024 Regulations
Alcohol and beer are subject to special consumption tax
19:06 | 02/09/2024 Regulations
From case of illegally importing three cars in Hai Phong: What are conditions for doing business of car import?
10:13 | 19/08/2024 Customs
Latest News
Monetary policy forecast unlikely to loosen further
15:51 | 22/11/2024 Finance
World Bank outlines path for Vietnam to reach high income status
13:44 | 22/11/2024 Finance
Strictly control public debt and ensure national financial security 2025
09:26 | 22/11/2024 Finance
Revising the title of a draft of 1 Law amending seven finance-related laws
14:33 | 21/11/2024 Finance
More News
Transparency evates the standing of listed companies
09:47 | 21/11/2024 Finance
State-owned securities company trails competitors
14:46 | 20/11/2024 Finance
Strengthening the financial “health” of state-owned enterprises
09:23 | 20/11/2024 Finance
U.S. Treasury continues to affirm Vietnam does not manipulate currency
13:46 | 19/11/2024 Finance
Exchange rate fluctuations bring huge profits to many banks
13:43 | 19/11/2024 Finance
A “picture” of bank profits in the first nine months of 2024
09:42 | 19/11/2024 Finance
Many challenges in restructuring public finance
10:02 | 18/11/2024 Finance
Tax declaration and payment by e-commerce platforms reduces declaration points and compliance costs
09:19 | 17/11/2024 Finance
Disbursement of public investment must be accelerated: Deputy PM
19:32 | 16/11/2024 Finance
Your care
Monetary policy forecast unlikely to loosen further
15:51 | 22/11/2024 Finance
World Bank outlines path for Vietnam to reach high income status
13:44 | 22/11/2024 Finance
Strictly control public debt and ensure national financial security 2025
09:26 | 22/11/2024 Finance
Revising the title of a draft of 1 Law amending seven finance-related laws
14:33 | 21/11/2024 Finance
Transparency evates the standing of listed companies
09:47 | 21/11/2024 Finance