When must the extension request for 2024 value-added tax be submitted?

What is the deadline to submit the application for extending the value-added tax for 2024?

Additionally, the procedure for the extension will be carried out following Article 5 of Decree 64/2024/ND-CP. Households engaged in aquaculture affected by the Yagi cannot extend the submission of value-added tax according to the following procedures:

- Taxpayers who directly declare and pay taxes with the tax authorities, which are subject to extension, must submit the Application for Extension of Tax Payment and land rent (hereinafter referred to as the Application for Extension) for the first time or for replacement if errors are found (electronically or by submitting a paper copy directly to the tax authorities or sending via post) using the Form in the Appendix issued with this Decree to the directly managing tax authority once for the entire amount of tax and land rent arising during the tax periods eligible for extension at the same time as monthly (or quarterly) tax declaration filing as per the tax management laws.

If the Application for Extension is not submitted together with the monthly (or quarterly) tax declaration filing, the deadline for submission is at the latest September 30, 2024. The tax authorities will still extend the tax payment and land rent of the tax periods eligible for extension before the time the Application for Extension is submitted.

If taxpayers have extension entitlements in multiple areas managed by different tax authorities, the directly managing tax authority of the taxpayer is responsible for transmitting the Application for Extension information to the relevant managing tax authorities.

- Taxpayers are responsible for determining and ensuring the extension request falls under the correct categories eligible per this Decree.

If taxpayers submit the Application for Extension to the tax authorities after September 30, 2024, they will not be granted an extension for tax payment and land rent as per this Decree.

If taxpayers submit additional tax declaration documents for tax periods eligible for extension resulting in increased tax payables and send them to tax authorities before the extended tax payment deadline, the extended tax amount includes the additional tax due to the supplementary declaration.

If taxpayers submit additional tax declaration documents for tax periods eligible for extension after the extended tax payment deadline, the additional tax due to the supplementary declaration will not be extended.

If taxpayers submit the Application for Extension after September 30, 2024, they will not be granted an extension for tax payment.

Therefore, taxpayers must submit the application for extending the value-added tax for 2024 before September 30, 2024.

Phải gửi giấy đề nghị gia hạn thuế giá trị gia tăng 2024 trước ngày mấy? (Image from the Internet)

What is the extension period for value-added tax in September 2024, and how is it calculated?

According to Article 4 of Decree 64/2024/ND-CP regulating the extension of tax and land rent payments:

- For value-added tax (excluding value-added tax on imports):

+ Extending the tax payment deadlines for the value-added tax due (including tax amounts allocated to provincial levels where the taxpayer is headquartered, and tax amounts paid per each arising time) of the tax periods from May to September 2024 (for monthly VAT declaration) and the second quarter of 2024, the third quarter of 2024 (for quarterly VAT declaration) of businesses and organizations mentioned in Article 3 of Decree 64/2024/ND-CP.

The extension period is 05 months for the value-added tax of May 2024, June 2024, and the second quarter of 2024, 04 months for the value-added tax of July 2024, 03 months for the value-added tax of August 2024, 02 months for the value-added tax of September 2024, and the third quarter of 2024.

This extension period is calculated from the end of the value-added tax payment deadline according to the tax management laws.

Businesses and organizations eligible for the extension must declare and submit the monthly, quarterly value-added tax declaration as per the current laws but are not required to pay the declared value-added tax payable during this period.

Therefore, the extension period for the value-added tax for September 2024 is 02 months.

This extension period is calculated from the end of the value-added tax payment deadline according to the tax management laws.

What is the latest deadline for value-added tax payment for the tax period of September 2024?

According to Article 4 of Decree 64/2024/ND-CP, the extended value-added tax payment deadline is as follows:

The latest value-added tax payment deadline for the tax period of May 2024 is November 20, 2024.

The latest value-added tax payment deadline for the tax period of June 2024 is December 20, 2024.

The latest value-added tax payment deadline for the tax period of July 2024 is December 20, 2024.

The latest value-added tax payment deadline for the tax period of August 2024 is December 20, 2024.

The latest value-added tax payment deadline for the tax period of September 2024 is December 20, 2024.

The latest value-added tax payment deadline for the tax period of the second quarter of 2024 is December 31, 2024.

The latest value-added tax payment deadline for the tax period of the third quarter of 2024 is December 31, 2024.

+ If businesses or organizations mentioned in Article 3 of Decree 64/2024/ND-CP have branches or units declaring value-added tax separately with the directly managing tax authorities, these branches and units are also eligible for the value-added tax payment extension.

If branches or units of these businesses and organizations, as mentioned in clauses 1, 2, and 3 of Article 3 of Decree 64/2024/ND-CP, do not engage in business operations in the sectors specified for extension, they are not eligible for the value-added tax payment extension.

Therefore, the latest value-added tax payment deadline for the tax period of September 2024 is December 31, 2024.