Latest update on preferential import tax: Many policies are beneficial for automobile businesses

Latest update on preferential import tax: Many policies are beneficial for automobile businesses - Photo 1.

Support the production and assembly of automobiles, especially environmentally friendly vehicles.

Decree 199/2025/ND-CP amends the conditions on minimum output to be eligible for preferential import tax rates on imported auto parts under the Tax Incentive Program. This regulation aims to support enterprises manufacturing and assembling automobiles, especially environmentally friendly vehicles.

Specifically, Decree 199/2025/ND-CP adds points c.3.6 and c.3.7 to Clause 3, Article 8 of Decree 26/2023/ND-CP:

In case an enterprise manufacturing and assembling automobiles using gasoline and oil fuels for incentives under points c.3.2, c.3.3, c.3.4 of this clause also manufactures and assembles electric automobiles, fuel cell automobiles, hybrid automobiles, cars using completely biofuels, cars using natural gas, the number of electric automobiles, fuel cell automobiles, hybrid automobiles, cars using completely biofuels, cars using natural gas during the incentive consideration period shall be added to the minimum total output and minimum specific output of each group of vehicles and model of vehicles using gasoline and oil fuels respectively to determine the minimum total output and minimum specific output of the group of vehicles and model of vehicles when considering incentives.

In case an enterprise holds more than 35% of the charter capital of automobile manufacturing and assembling companies that have been granted a certificate of eligibility for automobile manufacturing and assembling by the Ministry of Industry and Trade (hereinafter referred to as the owning enterprise), if the automobile manufacturing and assembling companies meet the prescribed conditions, the total output of automobiles manufactured and assembled by those companies can be aggregated to calculate the minimum output when considering the conditions for enjoying incentives of the Tax Incentive Program. The owning enterprise is responsible for determining the total output of automobile manufacturing and assembling companies that are eligible to apply the Tax Incentive Program and the charter capital holding ratio of more than 35% during the tax incentive consideration period.

The customs authority where the automobile manufacturing and assembling company registers to participate in the Tax Incentive Program shall refund tax corresponding to the output of automobiles manufactured and assembled by that company during the incentive period. In case the enterprise owns or the automobile manufacturing and assembling company declares incorrectly, it will be subject to tax collection and penalties for violating tax laws.

Increase preferential export and import tax rates for some goods

In addition, Decree 199/2025/ND-CP also increases export tax rates and preferential import tax rates for a number of goods specified in Appendix I - Export Tariff Schedule, Appendix II - Preferential Import Tariff Schedule according to the List of taxable goods issued with Decree No. 26/2023/ND-CP.

Specifically, the yellow phosphorus product code will apply an export tax rate of 10% from January 1, 2026; and continue to increase to 15% from January 1, 2027 (currently the tax rate is 5%).

It is known that yellow phosphorus is an important input material in many fields, from fertilizer production, pesticides to high technology such as semiconductors and lithium batteries. The adjustment of export tax rates aims to protect national resources, minimize environmental impacts and orient the development of strategic industries such as semiconductor chip production, electric vehicle batteries and high-grade industrial chemicals.

The 0% import tax rate for the product code Black steel sheet (black steel) rolled for tin coating (Tin - mill blackplate - TMBB) will only be maintained from now until the end of August 2025. From September 1, 2025, the tax rate for this product code will increase to 7%.

Immediately apply the import tax rate of 2% to: Polyethylene containing alpha-olefin monomers of 5% or less; Polyethylene with a specific gravity of 0.94 or more; Ethylene-alpha-olefin copolymers, with a specific gravity of less than 0.94 ,... Previously, these product codes were applied the import tax rate of 0%.

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Source: https://baochinhphu.vn/cap-nhat-moi-nhat-ve-thue-nhap-khau-uu-dai-nhieu-chinh-sach-co-loi-cho-doanh-nghiep-o-to-102250709193421078.htm