AsemconnectVietnam - The automobile support industry tax incentive program is extended until the end of 2027, which will help create new momentum for Vietnam's auto industry.

Creating new momentum for Vietnam's auto industry
On February 10, 2025, the Government issued Decree No. 21/2025/ND-CP amending and supplementing Article 9 of Decree No. 26/2023/ND-CP on Export Tariffs, Preferential Import Tariffs, List of goods and absolute tax rates, mixed taxes, and import taxes outside tariff quotas.
Decree 21/2025/ND-CP 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 quotas as follows:
"Article 9. Preferential import tax rates for raw materials, supplies, components for manufacturing, processing (assembling) 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).
The decree prescribes a preferential import tax rate of 0% for raw materials, supplies, components that cannot be produced domestically for manufacturing, processing (assembling) priority supporting products for the automobile manufacturing and assembly industry (referred to as automobile supporting industrial products) until December 31, 2027 (until December 31, 2024 as stipulated in Decree 26/2023/ND-CP) 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 the date of signing and promulgation (February 10, 2025).
The preferential import tax rate for raw materials, supplies and components for the production, processing (assembly) of priority supporting industrial products for the automobile manufacturing and assembly industry prescribed in this Decree shall be applied until December 31, 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 shall enjoy incentives according to the provisions of the Decree prescribed in this Decree.
CK
Source: VITIC/congthuong.vn