Gov't extends excise tax payment deadline for local cars
- 148
- Business
- 14:38 24/05/2022
DNHN - The Government promulgated Decree No. 32/2022/ND-CP, dated May 21, 2022 to extend deadline for payment of excise tax on domestically produced and assembled cars.

Accordingly, payable amounts for June, July, August and September would be extended to November 20.
This is the third round of extension since 2020 with an aim to provide urgent support for the domestic car industry to overcome difficulties caused by the COVID-19 pandemic.
The decree takes effect from the date of issuance until late December 31, 2022. Once the extended deadline is expired, excise tax payment on domestic cars shall be reverted to normal.
The latest round of extension was put forward by the Ministry of Finance last April as the fourth wave of the COVID-19 resurgence slowed the recovery of the local car market.
To comply with social distancing measures, many auto dealers temporarily suspended their businesses, and most of them fell into a “frozen state”, particularly from June to September 2021, said the ministry.
It is reported that automobile manufacturers had to face chip and component shortages due to the disruption of the global supply chain.
The pandemic has left an unforgettable mark on the local automobile market as sale volume plummeted.
The locally-made and assembled auto industry has suffered impact from the pandemic that requires support from the Government.
This tax cut is expected to reduce budget revenue by US$87 million –130 million.
The Ministry of Industry and Trade proposed an exemption of special consumption tax on automobile components for domestically-produced cars, which would help lower costs, and selling prices and increase competitiveness in the market.
Kim Anh (en.baochinhphu.vn)
Related news
- Success in business is always a human story
- Mr. Le Viet Thang, CEO of 1Office: "Don’t use old solutions for new ai challenges"
- VinFast: a strategic pivot amid the green industry storm?
- 127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
- Pakistani Ambassador to Vietnam: “Peace and unity are the strength to build the future.”
- Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
- What’s Vietnam’s game plan as President Trump pressures the Fed?
- SK Innovation and HD Hyundai (South Korea) step up cooperation with Khánh Hòa Province (Vietnam)
- Quang Tri attracts $96.5 mln in new projects in July
- A trade fair organizer surprises by joining the ranks of top-earning listed companies
- HDBank secures USD 215 million syndicated loan from JICA, SMBC, and FinDev Canada
- Samsung Electronics Vietnam inaugurates its first rooftop solar project at Bac Ninh Factory
- Promoting market development for science and technology products
- Sao Mai Group’s pangasius export segment embraces new opportunities
- Energy transition in Vietnam: Opportunities and challenges from coal power to renewables
- Renewable energy: Steering in the right direction of the times
- Clean energy must be protected by transparent, stable, and consistent policies
- European-standard ingredients: Inspiring culinary journeys from the heart of the kitchen
- The foundational mark of pioneers in renewable energy amidst an evolving legal framework
#tax payment

Regulation on temporary exit suspension for tax debtors: Perspectives from the tax authority
To enhance debt collection efficiency, the combination of various enforcement measures, along with the application of modern technology, will be the key factor for success in Vietnam's tax management.
Đọc thêm Business
Success in business is always a human story
Those were the insights shared by Ms. Lirone Glikman, a global expert in strategic networking, in her conversation with Enterprise and Integration Magazine during her Asia tour and the launch of her book The Super Connector’s Playbook in Vietnam.
VinFast: a strategic pivot amid the green industry storm?
As the global auto industry accelerates its transition to electric mobility, VinFast faces its toughest test yet: soaring financial pressure, heated debates on phasing out combustion engines, and mounting global competition.
127 high-value projects post-merger: Ho Chi Minh City rolls out the red carpet for strategic investors
Ho Chi Minh City has unveiled a portfolio of 127 strategic projects as part of a major investment restructuring effort post-boundary expansion, signaling a shift toward selective and high-impact investment in technology, finance, and logistics.
Vietnam's Semiconductor Leap: Five Strategic Policies to Reach 2027 Goal
Vietnam has set an ambitious target: to manufacture "Make in Vietnam" semiconductor chips by 2027. This bold commitment marks a defining moment in the country’s high-tech trajectory, positioning Vietnam as a rising contender in the global chip race.
What’s Vietnam’s game plan as President Trump pressures the Fed?
In a move that rattled political circles and financial markets worldwide, U.S. President Donald Trump declared he would sue Federal Reserve Chairman Jerome Powell for “stifling growth” with high interest rates.
Quang Tri attracts $96.5 mln in new projects in July
The provincial authorities approved investment policy for 13 projects in the month of July.
Samsung Electronics Vietnam inaugurates its first rooftop solar project at Bac Ninh Factory
July 31, 2025, Samsung Electronics Vietnam (SEV) officially inaugurated the rooftop solar power project at the SEV factory in Yen Phong Industrial Park, Bac Ninh.
Promoting market development for science and technology products
The Trade Promotion Agency affirmed that it will continue close coordination with trade offices, domestic entities, and industry associations to effectively implement trade promotion programs tailored to science and technology products.
European-standard ingredients: Inspiring culinary journeys from the heart of the kitchen
The EU Good Food – Good Life campaign, funded by the European Union, has enriched the variety of EU-standard food ingredient options available in the Vietnamese market.
Taste of Queensland: Strengthening Vietnam–Queensland Partnerships through Culinary Diplomacy
Against the elegant backdrop of the “Taste of Queensland” networking dinner, government officials, business leaders, and investors from Vietnam and the Australian state of Queensland gathered to celebrate and advance a thriving bilateral relationship