Extension of tax and land rent payment deadline in 2024

Multiple subjects are extended

Accordingly, this decree stipulates that the subjects eligible for extension include: enterprises, organizations, households, business households, individuals engaged in production activities in the fields of agriculture, forestry and fisheries; food production and processing; textiles; enterprises in the construction industry; publishing activities; cinema activities, television program production, recording and music publishing; beverage production...

Enterprises, organizations, households, business households, and individuals operating in economic sectors such as transportation and warehousing; accommodation and catering services; education and training; healthcare and social assistance activities; real estate business activities; labor and employment services; activities of travel agencies, tour businesses and support services related to promoting and organizing tours; creative, artistic and entertainment activities; activities of libraries, archives, museums and other cultural activities; sports and entertainment activities; film screening activities; radio and television activities; computer programming, consulting services and other activities related to computers; information service activities; mining support service activities.

In addition, there are also enterprises, organizations, households, business households, and individuals engaged in the production of priority supporting industrial products and key mechanical products.

The above-mentioned extended subjects have production and business activities and generate revenue in 2023 or 2024.

In addition, the subjects eligible for extension include small and micro enterprises as determined by the provisions of the Law on Support for Small and Medium Enterprises 2017 and Decree No. 80/2021/ND-CP dated August 26, 2021 of the Government detailing a number of articles of the Law on Support for Small and Medium Enterprises.

Extension of tax and land rent payment deadline

This Decree also provides for extension of tax and land rent payment deadline as follows:

Dfor value added tax(except for import VAT): Extension of tax payment deadline for arising VAT payable (including tax allocated to other provincial-level localities where the taxpayer has its head office, tax payable for each occurrence) of the tax period from May to September 2024 (for cases of monthly VAT declaration) and tax period of the second quarter of 2024, third quarter of 2024 (for cases of quarterly VAT declaration) of enterprises and organizations subject to the above extension.

The extension period is 5 months for the value added tax amount of May 2024, June 2024 and the second quarter of 2024; the extension period is 4 months for the value added tax amount of July 2024; the extension period is 3 months for the value added tax amount of August 2024; the extension period is 2 months for the value added tax amount of September 2024 and the third quarter of 2024.

The extension period is calculated from the end date of the deadline for payment of value added tax according to the provisions of the law on tax administration.

The deadline for paying value added tax for the month and quarter is extended as follows: The deadline for paying value added tax for the tax period of May 2024 is no later than November 20, 2024. The deadline for paying value added tax for the tax period of June 2024 is no later than December 20, 2024. The deadline for paying value added tax for the tax period of July 2024 is no later than December 20, 2024.

The deadline for paying value added tax for the tax period of August 2024 is no later than December 20, 2024. The deadline for paying value added tax for the tax period of September 2024 is no later than December 20, 2024.

For corporate income tax: Extension of tax payment deadline for provisional corporate income tax payment for the second quarter of the 2024 corporate income tax period of enterprises and organizations subject to the above extension. The extension period is 3 months from the end date of the corporate income tax payment deadline according to the provisions of the law on tax administration.

In case an enterprise or organization eligible for an extension has branches or affiliated units that declare corporate income tax separately with the tax authority directly managing the branch or affiliated unit, the branches or affiliated units are also eligible for an extension of corporate income tax payment.

For value added tax, personal income tax of business households and business individuals: Extension of the deadline for payment of value added tax and personal income tax for the tax payable arising in 2024 of business households and business individuals. Business households and business individuals shall pay the tax amount extended in this clause no later than December 30, 2024.

DFor land rent:Extension of land rent payment deadline for 50% of the land rent payable in 2024 (the amount payable in the second period of 2024) of enterprises, organizations, households and individuals eligible for extension who are directly leasing land from the State according to the decision or contract of a competent state agency in the form of annual land rent payment. The extension period is 2 months from October 31, 2024.

This Decree takes effect from June 17, 2024 to December 31, 2024. After the extension period under this Decree, the deadline for tax and land rent payment shall be implemented according to current regulations.