In Vietnam, how is corporate income tax deferred in 2022?

In Vietnam, how is corporate income tax deferred in 2022?

Pursuant to Clause 2, Article 4 of Decree 34/2022/ND-CP stipulating corporate income tax:

2. Corporate income tax (CIT)

a) Deferral will be granted to provisional CIT of Q1 and Q2 2022 payable by the enterprises and organizations specified in Article 3 of this Decree. Deferral period shall be 03 months from the deadline for payment of CIT according to regulations of law on tax administration.

b) In case an enterprise or organization mentioned in Article 3 of this Decree has branches or affiliated units that separately declare CIT to their supervisory tax authorities, these branches or affiliated units are also eligible for CIT deferral. In case a branch or affiliated unit of an enterprise or organization mentioned in Clause 1, Clause 2 or Clause 3 Article 3 of this Decree does not operate in the business line eligible for tax deferral, it is not eligible for CIT deferral.

In Vietnam, how is personal income tax deferred by household businesses and individual businesses in 2022?

Pursuant to Clause 3, Article 4 of Decree 34/2022/ND-CP:

3. VAT and personal income tax (PIT) payable by household businesses and individual businesses

Deferral will be granted to VAT and PIT payable by household businesses and individual businesses operating in the business lines specified in Clause 1, Clause 2 and Clause 3 of this Article. Household businesses and individual businesses shall pay the deferred tax by December 30, 2022.

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