04 entities eligible for an extension of the deadline for VAT, CIT, PIT, and land rent payment in 2024 in Vietnam

The Government of Vietnam has just issued Decree 64/2024/ND-CP on June 17, 2024, regarding the extension of the deadline for payment of value-added tax, corporate income tax, personal income tax, and land rent for the year 2024. This Decree will be effective until December 31, 2024.

04 entities granted extension of payment deadlines for VAT, CIT, PIT, and land rent in 2024 in Vietnam

In Article 3 of Decree 64/2024/ND-CP, 04 entities are granted extensions for the payment of value-added tax, corporate income tax, personal income tax, and land rent for the year 2024 in Vietnam, including:

(1) Enterprises, organizations, households, household businesses, individuals engaged in production activities in the following economic sectors:

- Agriculture, forestry, and fisheries;

- Manufacturing and processing of food; textiles; apparel production; leather and related products manufacturing; wood processing and wood, bamboo, rattan product manufacturing (except beds, cabinets, tables, chairs); manufacture of products from straw, thatch, and woven materials; manufacture of paper and paper products; manufacture of rubber and plastic products; production of other non-metallic mineral products; metal production; mechanical processing; metal treatment and coating; manufacture of electronic products, computers, and optical products; automobile manufacturing and other motor vehicles; bed, cabinet, table, chair production;

- Construction;

- Publishing activities; movie activities, television program production, audio recording and music publishing;

- Crude oil and natural gas extraction (no extension for corporate income tax on crude oil, condensate, natural gas collected under agreements, contracts);

- Beverage production; printing, reproduction of recorded media; manufacture of coke, refined petroleum products; manufacture of chemicals and chemical products; manufacture of fabricated metal products (except machinery and equipment); motorcycle and motor vehicle production; repair, maintenance, and installation of machinery and equipment;

- Sewage and waste treatment.

(2) Enterprises, organizations, households, household businesses, individuals engaged in business activities in the following economic sectors:

- Transportation and storage; accommodation and food services; education and training; healthcare and social assistance activities; real estate business activities;

- Employment services and labor activities; activities of travel agencies, tour operators and other related services supporting, promoting, and organizing tours;

- Creative, artistic, and entertainment activities; library, archival, museum, and other cultural activities; sports, entertainment and recreational activities; film projection activities;

- Broadcasting and television activities; computer programming, consultancy and related activities; information service activities;

- Support service activities for mining.

The economic sector list mentioned in clause 1 and clause 2 of Article 3 of Decree 64/2024/ND-CP is defined according to Decision 27/2018/QD-TTg dated July 6, 2018, of the Prime Minister of the Government of Vietnam on the issuance of the Vietnam economic sector system.

The economic sector classification as per Appendix I issued with Decision 27/2018/QD-TTg includes 5 levels and the determination of the economic sector is applied based on the principle:

+ In cases where the economic sector name mentioned in clause 1 and clause 2 of Article 3 of Decree 64/2024/ND-CP falls under level 1, the economic sector eligible for extension includes all economic sectors belonging to levels 2, 3, 4, and 5 within level 1;

+ In cases where it falls under level 2, the economic sector eligible for extension includes all economic sectors belonging to levels 3, 4, and 5 within level 2;

+ In cases where it falls under level 3, the economic sector eligible for extension includes all economic sectors belonging to levels 4 and 5 within level 3;

+ In cases where it falls under level 4, the economic sector eligible for extension includes all economic sectors belonging to level 5 within level 4.

(3) Enterprises, organizations, households, household businesses, individuals engaged in the production of prioritized industrial support products; key mechanical products.

Prioritized industrial support products are identified according to Decree 111/2015/ND-CP dated November 3, 2015, of the Government of Vietnam on the development of supporting industries; key mechanical products are determined according to Decision 319/QD-TTg dated March 15, 2018, of the Prime Minister of the Government of Vietnam approving the Strategy for the Development of the Vietnamese Mechanical Industry until 2025, with a vision to 2035.

(4) Small and micro enterprises identified under the provisions of the Law on Support for Small and Medium Enterprises 2017 and Decree 80/2021/ND-CP dated August 26, 2021, of the Government of Vietnam stipulating detailed enforcement of certain articles of the Law on Support for Small and Medium Enterprises.

The economic sector and fields of enterprises, organizations, households, household businesses, and individual businesses stipulated in clause 1, clause 2, and clause 3 of Article 3 of Decree 64/2024/ND-CP are the sectors and fields where enterprises, organizations, households, household businesses, and individual businesses are operating and generating revenue in the year 2023 or 2024.

Prohibited acts in tax administration in Vietnam

Based on Article 6 of the Law on Tax Administration 2019, the following behaviors are prohibited in tax administration in Vietnam:

(1) Collusion, connivance, and covering up between taxpayers and tax administration officials, tax authorities to transfer prices, evade taxes.

(2) Creating difficulties and harassment for taxpayers.

(3) Taking advantage to embezzle or unlawfully use tax money.

(4) Willfully failing to declare or declaring taxes incompletely, promptly, and accurately about the payable tax amounts.

(5) Obstructing tax administration officials in their official duties.

(6) Using another taxpayer's tax code to commit law violations or allowing others to use one's tax code unlawfully.

(7) Selling goods, providing services without issuing invoices as required by law, using illegal invoices, and unlawfully using invoices.

(8) Falsifying, using for the wrong purpose, unauthorized access, destroying taxpayer information systems.

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