ANTD.VN - The Ministry of Finance has just submitted to the Government a draft Decree extending special consumption tax on domestically produced or assembled cars in 2025.
Regarding the results of the implementation of the extension of special consumption tax (SCT) for domestically manufactured or assembled automobiles according to Decree No. 65/2024/ND-CP of the Government, the Ministry of Finance said that, as of February 17, 2025, the total number of applications for SCT extension was 18 cases, with the total amount of SCT extended according to the declaration being VND 13,173 billion.
Currently, enterprises have fully fulfilled their tax obligations and paid them to the state budget.
The Ministry of Finance believes that in 2024, with the Government's support from preferential policies of 50% of registration fees and extension of the deadline for paying special consumption tax, along with the efforts of car manufacturers and dealers, the cumulative nationwide sales in the first 11 months of 2024 of member enterprises of the Vietnam Automobile Manufacturers Association will reach 308,544 vehicles (excluding sales of Thanh Cong Group, VinFast and some other companies), an increase of 17% over the same period in 2023.
Thus, the Vietnamese automobile market in 2024 has had significant recovery steps during the difficult period, thereby seeing the benefits from the Government's support policies.
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The special consumption tax extension policy has helped automobile businesses have more resources to recover. |
It is forecasted that by 2025, the automobile market in particular and the Vietnamese economy in general will have to cope with negative global impacts. The Ministry of Finance believes that these are special difficulties in the current period, so if we only rely on resources and individual stimulus solutions of each enterprise, it will not be enough to create stability in maintaining output and sales and the resilience to help the market grow again, evenly and sustainably.
With the predicted difficulties and challenges, it is necessary to continue supporting domestic automobile manufacturing or assembling enterprises to promote recovery and development of production and business. Moreover, after the extension period, automobile manufacturing or assembling enterprises must pay full tax to the State budget. Therefore, the Ministry of Finance proposes to continue extending the tax payment deadline to contribute to supporting and reducing difficulties for domestic automobile manufacturing or assembling enterprises to focus capital on production and business, creating momentum to promote economic development.
In order for the extension of the deadline for paying special consumption tax in 2025 for domestically manufactured or assembled automobiles to not lead to adjustments in the State budget revenue estimates and to be consistent with the current time, the Ministry of Finance submits to the Government an extension of the tax payment deadline for the amount of special consumption tax payable arising from the tax calculation periods of February, March, April, May, and June 2025 for domestically manufactured or assembled automobiles.
The extension period is from the end of the deadline for paying special consumption tax according to the provisions of the law on tax administration until November 20, 2025.
The proposal to unify the extension period is November 20, 2025 to avoid accumulating payable amounts for enterprises at the end of the year and avoid affecting the completion of the State budget revenue estimate in case enterprises encounter financial difficulties.
At the same time, the extension applies to cases of additional declaration of tax declaration dossiers of the extended tax period and applies to cases where enterprises have branches and affiliated units engaged in automobile manufacturing or assembly activities that make separate declarations of special consumption tax with the directly managing tax authority.
The Ministry of Finance calculates that the average monthly excise tax on domestically produced or assembled cars arising in the following months of 2025 is about VND 2,820 billion. Accordingly, the total excise tax on domestically produced or assembled cars extended for 5 tax periods as proposed is about VND 14,100 billion.
Because the latest tax payment deadline is November 20, 2025, it will not affect the 2025 state budget revenue estimate.
According to the Ministry of Finance, the extension of the deadline for paying special consumption tax for domestic automobile manufacturing or assembling enterprises is not a preferential tax solution and does not violate subsidy regulations, so there is little concern from automobile importing enterprises.
Source: https://www.anninhthudo.vn/trinh-chinh-phu-tiep-tuc-gia-han-thue-tieu-thu-dac-biet-nam-2025-doi-voi-o-to-noi-post605699.antd
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