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Extension of time to pay excise tax on domestic cars

The Government has just issued Decree 32/2022/ND-CP extending the deadline for paying excise tax for domestically manufactured or assembled cars.

Accordingly, the Government extends the tax payment deadline for the payable excise tax amount of the tax period of the enterprise in June, July, August and September 2022 for manufactured cars. or locally assembled.

Currently, special consumption tax is levied on the proportion of components, discrete components and finished products depending on cylinder capacity, the lowest is 35% for vehicles with engine capacity under 1.5L, vehicles from 1.5 to 2.5 L, will have a tax rate of 40% to 50%, from 3.0L to 4.0L from 60% to 90%, cars over 6.0L will be charged the highest tax rate of over 150%.

Domestic cars are granted an extension to pay special consumption tax - Photo 1.

The excise tax on domestic vehicles will be extended for 6 months, starting from May 21 to November 20.

The extension period is from the end of the deadline for paying excise tax in accordance with the law on tax administration to the end of November 20, 2022. Specifically: the deadline for paying the payable special consumption tax arising in the June 2022 tax period is November 20, 2022 at the latest; the time limit for paying special consumption tax arising in the tax period of July 2022 is November 20, 2022 at the latest; the deadline for paying the payable special consumption tax arising in the tax period of August 2022 is November 20, 2022 at the latest; The deadline for paying the payable excise tax arising from the September 2022 tax period is November 20, 2022 at the latest.

According to the provisions of Decree 32, the case where the taxpayer makes additional declarations in the tax declaration dossier of the extended tax period leads to an increase in the amount of excise tax payable and sent to the tax authority before the expiration of the tax period. The tax payment is extended, the tax amount is extended including the additional tax payable due to the additional declaration.

If the taxpayer is eligible for an extension to declare and submit the excise tax declaration in accordance with current law, the payable excise tax amount incurred on the excise tax declaration must not yet be paid. declared special income during the extended period.

In case an enterprise has branches and affiliated units, which declares excise tax separately from the tax agency directly managing the branch or affiliated unit, the branches and affiliated units are also subject to subject to extension of special consumption tax payment. If an enterprise’s branch or affiliated unit has no activities of manufacturing or assembling automobiles, the branch or affiliated unit is not eligible for the extension to pay excise tax.

This Decree takes effect from May 21, 2022 to the end of December 31, 2022. After the extension period according to this Decree, the payment of excise tax on domestically manufactured or assembled automobiles shall comply with current regulations.

Since 2020, this is the third time the excise tax on domestically manufactured and assembled cars has been extended. According to the Ministry of Finance, the total amount of excise tax to be extended in 2022 is about VND 20,000 billion.

With the extension of the above-mentioned Special Consumption Tax, domestic vehicle manufacturers have time to balance their finances and ensure their capacity to restore production and assembly after the heavy impact of the pandemic. Translate.

Currently, after the pandemic, domestic car enterprises are still facing difficulties due to lack of imported components, lack of chips, equipment… Many car models and models still have to wait for months to receive cars. There is a shortage of supply and demand in the car market in many places, and the situation of selling at a price difference is higher than the listed price.

Currently, domestic enterprises with large car sales are Hyundai Thanh Cong, Thaco – Truong Hai, Toyota Vietnam and VinFast.

Previously, as reported by Dan Viet, the Ministry of Finance has submitted a report to the Government on the promulgation of a decree extending the deadline for paying excise tax on cars manufactured or assembled in the country after developing the draft. and consult concerned ministries and branches.

Accordingly, the proposal of the Ministry of Finance: to extend the tax payment deadline for payable excise tax amounts arising in the tax period of June, July, August and September 2022 for manufactured or assembled cars. assembled in water. The time limit for tax payment of the above tax period is until November 20, 2022.

If this plan is approved by the Government, the time limit for excise tax payment will be extended: June tax payment period will be extended by 4 months; July tax payment period is extended 3 months, August tax payment period is extended 2 months and September is 1 month.

The total number of months to be extended is 10 months for 4 tax periods from June to September. The Ministry of Finance said that this is an urgent solution to support domestic automobile manufacturing and assembling enterprises.

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