On June 17, 2024, the Government issued Decree No. 65/2024/NĐ-CP ("Decree 65") providing for the extension of the payment deadline for special consumption tax ("SCT") liabilities arising from the tax periods of May, June, July, August, and September 2024 for domestically manufactured/assembled automobiles. This policy is expected to continue supporting and providing resources for domestic automobile manufacturing and assembly enterprises, aiding market recovery. Below are some key points of Decree 65:
1. Eligible Entities for Tax Extension
The extension applies to domestic automobile manufacturing and assembly enterprises.
Enterprises must self-assess and bear responsibility for correctly identifying their eligibility for the extension.
Tax authorities are not required to notify taxpayers regarding the acceptance of the special consumption tax payment extension.
2. Extension Period
The SCT payment deadline is extended from the due date under the tax management regulations to November 20, 2024. Specifically, the SCT liabilities arising from the tax periods of May, June, July, August, and September for domestically manufactured/assembled automobiles are extended to November 20, 2024.
3. Specific Regulations for Extending the Special Consumption Tax Payment Deadline:
a. If a taxpayer submits an amended tax return for an extended tax period, increasing the SCT payable, and does so before the extended deadline, the extended amount includes the additional tax due from the amended return. b. Taxpayers eligible for the extension who file their SCT returns as required do not need to pay the SCT indicated in the filed returns within the extension period.
c. Suppose an enterprise's branches or affiliated units, which separately file SCT returns with their direct tax authority, are involved. In that case, these branches or units are also eligible for the SCT payment extension. However, if the branches or affiliated units do not engage in automobile manufacturing/assembly, they do not qualify for the SCT payment extension.
Decree 65 takes effect from June 17, 2024, until December 31, 2024.
Note: After the specified extension period, the payment of SCT for domestically manufactured/assembled automobiles will revert to the prevailing regulations.
Comment: