(PLVN) - The Government has issued Decree No. 21/2025/ND-CP amending and supplementing Article 9 of Decree No. 26/2023/ND-CP on Export Tariff Schedule, Preferential Import Tariff Schedule, List of goods and absolute tax rates, mixed tax, and import tax outside tariff quotas.
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(PLVN) - The Government has issued Decree No. 21/2025/ND-CP amending and supplementing Article 9 of Decree No. 26/2023/ND-CP on Export Tariff Schedule, Preferential Import Tariff Schedule, List of goods and absolute tax rates, mixed tax, and import tax outside tariff quotas.
Specifically, Decree 21/2025/ND-CP issued by the Government on February 10, 2025 amends the name of Article 9 and Clause 1, Article 9 of Decree No. 26/2023/ND-CP on Export Tariff Schedule, Preferential Import Tariff Schedule, List of goods and absolute tax rates, mixed tax, import tax outside tariff quota as follows:
Article 9. Preferential import tax rates for raw materials, supplies, and components for the production, processing (assembly) of priority supporting industrial products for the automobile manufacturing and assembly industry until December 31, 2027 (referred to as the Automobile Supporting Industry Tax Incentive Program).
Regulations on preferential import tax rate of 0% for raw materials, supplies, and components that cannot be produced domestically for the production, processing (assembly) of priority support products for the development of the automobile manufacturing and assembly industry (referred to as automobile support industry products) until December 31, 2027 (stipulated in Decree 26/2023/ND-CP is until December 31, 2024) as follows:
At the time of customs declaration registration, the customs declarant shall declare and calculate tax on imported raw materials, supplies and components according to the normal import tax rate or preferential import tax rate or special preferential import tax rate as prescribed, not yet applying the 0% tax rate.
The application of the preferential import tax rate of 0% for raw materials, supplies and components of the Automobile Support Industry Tax Incentive Program shall be implemented in accordance with the provisions of Clauses 2, 3, 4, 5, 6, 7 and 8 of this Article.
Decree 21/2025/ND-CP takes effect from February 10, 2025.
Preferential import tax rates for raw materials, supplies, and components for the production, processing (assembly) of priority supporting industrial products for the development of the automobile manufacturing and assembly industry prescribed in this Decree shall be applied until December 3, 2027.
Enterprises that have registered to participate in the Automobile Support Industry Tax Incentive Program prescribed before the effective date of this Decree do not have to re-register for the Automobile Support Industry Tax Incentive Program and are entitled to incentives according to the provisions of this Decree.
Previously, the Ministry of Industry and Trade, the Vietnam Mechanical Association (VAMI), and the Vietnam Automobile Manufacturers Association (VAMA) proposed that the Government extend the automobile supporting industry tax incentive program until December 31, 2027, equivalent to the duration of other tax incentive programs in the automobile manufacturing and assembly sector.
According to the latest data from the General Statistics Office, in the first 11 months of 2024, the motor vehicle production index increased by 18.3% compared to the same period in 2023. The output of the auto parts and components group increased significantly compared to the same period in 2023. Of which, other spare parts for motor vehicles increased by 24.55%; other equipment for vehicle engines increased by 5.88%; ignition wire sets and other wire sets used for motor vehicles increased by 5.79%. Regarding automobile production, there were only 2 classifications: internal combustion engine vehicles carrying 10 or more people with an output increase of 33.51% and internal combustion engine vehicles carrying less than 10 people with an output increase of 31.46%.
Since the issuance of the Automobile Supporting Industry Tax Incentive Program, according to the assessment of the Vietnam Mechanical Association (VAMI), member enterprises have recorded certain effectiveness through the application of a preferential import tax rate of 0% for raw materials, supplies, and components for manufacturing and assembling supporting industry products.
Since 2020, the Ministry of Industry and Trade has granted Certificates of Incentives to about 40 projects producing supporting industrial products for the automobile manufacturing and assembly industry. The recent preferential tax policy for supporting industries for automobiles (until December 31, 2024) is an important lever, helping businesses confidently expand their scale, improve equipment, and gradually participate deeply in the global value chain of the automobile industry.
Source: https://baophapluat.vn/uu-dai-thue-cong-nghiep-ho-tro-o-to-den-het-nam-2027-post539608.html
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