EXTENDING PAYMENT DEADLINE OF TAX AND LAND RENT FOR 2023

In order to support difficulties for taxpayers, businesses and people, promote production and business, the Government has issued Decree No. 12/2023/ND-CP on extending the deadline for VAT , corporate income tax (CIT), personal income tax (PIT) and land rent in 2023, effective from April 14, 2023 to the end of December 31, 2023.

I. Eligibility for extension

Group 1: Businesses, organizations, households, business households and individuals engaged in production activities in the economic sectors of agriculture, forestry and fishery; food production and processing; build; publish; crude oil and natural gas extraction; beverage production; print; Drainage and waste treatment…

Group 2: Businesses, organizations, households, business households and individuals doing business in the economic sectors of transportation and warehousing, accommodation and food services, education and training, and healthcare; creative, artistic and recreational activities; labor service activities and employment; Computer Programming…

Group 3: Businesses, organizations, households, business households and individuals engaged in production of supporting industry products prioritized for development; mechanical product when key.

Group 4: Small and micro enterprises are defined according to the provisions of the Law on Supporting Small and Medium Enterprises in 2017 and Decree No. 80/2021/ND-CP dated August 26, 2021 of the Government detailing a number of articles of the Law on Supporting Small and Medium Enterprises.

II. Extension of tax and land rent payment deadline

1. In case of VAT (except for import VAT)

Extended payment deadline of VAT period of March of 2023 shall be October 20 of 2023.

Extended payment deadline of VAT period of April of 2023 shall be November 20 of 2023.

Extended payment deadline of VAT period of May of 2023 shall be December 20 of 2023.

Extended payment deadline of VAT period of June of 2023 shall be December 20 of 2023.

Extended payment deadline of VAT period of July of 2023 shall be December 20 of 2023.

Extended payment deadline of VAT period of August of 2023 shall be December 20 of 2023.

Extended payment deadline of VAT period of the first Quarter of 2023 shall be October 31 of 2023.

Extended payment deadline of VAT period of the second Quarter of 2023 shall be October 31 of 2023.

2. In case of corporate income tax

The extended period shall be 3 months from the payment deadline of the first Quarter and second Quarter of tax period of 2023.

3. In case of land rents

The extended period shall be 6 months from May 31 of 2023 to November 30, 2023 of 50% of land rents payable in 2023.

III. Procedures for extension

Taxpayers send application for tax and land rent payment extension once time in the monthly (quarterly) tax period.

Taxpayers send application for tax and land rent payment extension once time before September 30, 2023 in case of filing other than the time of filing the tax return.