What is the 2023 VAT payment extension request form in Vietnam? What are procedures for extending value added tax payment in 2023 in Vietnam?

What is the 2023 VAT payment extension request form in Vietnam?

In the Appendix issued with Decree 12/2023/ND-CP, there are regulations on the form of request for VAT payment extension as follows:

SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
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APPLICATION FOR EXTENSION OF PAYMENT OF TAXES AND LAND RENTAL

□ First time □ Replacement

To: Tax authority…………………………

□ a) Value added tax of businesses and organizations

□ b) Corporate income tax of businesses and organizations

□ c) Value added tax and personal income tax of business households and individual businesses

□ d) Land rent (detailed address of each leased land subject to land rent extension)

- Land area 1 according to Decision/Contract No...., dated.../.../....:…

- Land area 2 according to Decision/Contract No...., dated.../.../....:…

…..

[08] In case of extension:………………………………………………

I. SMALL AND SUPER SMALL ENTERPRISES

□ 1. Small businesses:

□ 2. Micro enterprises:

II. ENTERPRISES, ORGANIZATIONS, BUSINESS HOUSEHOLDS, AND INDIVIDUALS ACTING IN THE FIELD:

□ 1. Agriculture, forestry and fisheries;

□ 2. Food production and processing; □ 3. Weaving; □ 4. Apparel production; □ 5. Production of leather and related products; □ 6. Wood processing and production of products from wood, bamboo (except beds, cabinets, tables, chairs); manufacture of products from straw and plaiting materials; □ 7. Production of paper and paper products; □ 8. Manufacturing products from rubber and plastic; □ 9. Production of products from other non-metallic minerals; □ 10. Metal production; □ 11. Mechanical processing; metal treatment and coating; □ 12. Manufacture of electronic products, computers and optical products; □ 13. Manufacture of cars and other motor vehicles; □ 14. Production of beds, wardrobes, tables, chairs;

□ 15. Construction;

□ 16. Transportation and storage; □ 17. Accommodation and food services; □ 18. Education and training; □ 19. Health and social assistance activities; □ 20. Real estate business activities; □ 21. Labor and employment service activities; □ 22. Activities of travel agencies, tour businesses and support services related to promotion and organization of tours;

□ 23. Creative, artistic and entertainment activities; □ 24. Activities of libraries, archives, museums and other cultural activities; □ 25. Sports and entertainment activities;

□ 26. Movie screening activities;

□ 27. Production of supporting industrial products is given priority for development;

□ 28. Production of key mechanical products;

□ 29. Publishing activities; □ 30. Film activities, television program production, recording and music publishing;

□ 31. Radio and television broadcasting activities;

□ 32. Computer programming, consulting services and other activities related to computers; □ 33. Information service activities;

□ 34. Crude oil and natural gas exploitation (no extension for corporate income tax on crude oil, condensate, and natural gas collected under agreements and contracts);

□ 35. Mining support service activities;

□ 36. Beverage production;

□ 37. Print and copy records of all types;

□ 38. Production of coke and refined petroleum products;

□ 39. Production of chemicals and chemical products;

□ 40. Manufacture of products from prefabricated metal (except machinery and equipment);

□ 41. Manufacture of motorbikes and motorbikes;

□ 42. Repair, maintenance and installation of machinery and equipment;

□ 43. Drainage and wastewater treatment.

I commit that the above declared content is correct and take responsibility before the law for the declared information; I commit to pay the full tax amount by the extended tax payment deadline.

What is the 2023 value added tax payment extension period in Vietnam?

Article 4 of Decree 12/2023/ND-CP stipulates the extension of tax and land rent payment deadlines as follows:

Extension of tax and land rent payment deadline

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

a) Extend payment deadline for VAT payables (including taxes distributed to other provinces where taxpayers are headquartered, taxes paid every they are incurred) of tax period ranging from March to August of 2023 (if VAT is declared on a monthly basis) and tax period of the first Quarter and the second Quarter of 2023 (if VAT is declared on a quarterly basis) of enterprises and organizations under Article 3 hereof. The extended period of 6 months shall apply to VAT that is incurred during the period from March to May of 2023 and in the first Quarter of 2023; 5 months for VAT that is incurred in June of 2023 and the second Quarter of 2023; 4 months for VAT that is incurred in July of 2023; 3 months for VAT that is incurred in August of 2023. Extended periods under this Point starts from the deadline for VAT payment in accordance with tax administration laws.

...

Thus, extension time for payment of value added tax in 2023 is specified as follows:

(1) For the arising value-added tax amount payable (including the tax amount allocated to other provincial localities where the taxpayer is headquartered, the tax amount paid each time it arises) of the period Tax calculation from March to August 2023 and tax period of the first quarter and second quarter of 2023:

- 6-month extension for value added tax from March to May 2023 and the first quarter of 2023,

- 5-month extension for value added tax amounts of June 2023 and the second quarter of 2023,

- 04 month extension for value added tax amount of July 2023,

- 3-month extension for value-added tax amount of August 2023;

Note: The extension period at this point is calculated from the end date of the value-added tax payment deadline according to the provisions of law on tax administration.

(2) Declare and submit monthly and quarterly Value Added Tax Declarations according to regulations but have not yet paid the payable Value Added Tax amount arising on the declared Value Added Tax Declaration:

- The deadline for paying value added tax for the March 2023 tax period is October 20, 2023 at the latest.

- The deadline for paying value added tax for the April 2023 tax period is November 20, 2023.

- The deadline for paying value added tax for the May 2023 tax period is December 20, 2023.

- The deadline for paying value added tax for the June 2023 tax period is December 20, 2023.

- The deadline for paying value added tax for the July 2023 tax period is December 20, 2023.

- The deadline for paying value added tax for the August 2023 tax period is December 20, 2023.

- The deadline for paying value-added tax for the first quarter of 2023 tax period is October 31, 2023.

- The deadline for paying value-added tax for the second quarter of 2023 tax period is December 31, 2023.

What are procedures for extending value added tax payment in 2023 in Vietnam?

Article 5 of Decree 12/2023/ND-CP stipulates the latest procedures for extending value-added tax payment in 2023, specifically as follows:

Step 1: Taxpayers who directly declare and pay taxes to the tax authority who are eligible for extension send a request for extension of value-added tax payment.

Note: If the application for extension is not filed at the same time as the monthly (or quarterly) tax return, as long as the application for extension is filed before the end of September 30, 2023, tax authorities shall still extend payment deadline of taxes and land rents of periods eligible for extension prior to the filing date of application for extension.

If the taxpayer declares an additional tax declaration for the extended tax period after the extended tax payment deadline expires, the amount payable due to the additional declaration will not be extended.

Step 2: The tax authority does not have to notify taxpayers about accepting the tax payment extension

During the extension period, if the tax authority has a basis to determine that the taxpayer is not subject to the extension, the tax authority shall notify the taxpayer in writing of the non-extension.

Taxpayers must pay the full amount of tax, land rent and late payment interest within the extended period to the state budget.

After the extension period expires, through inspection and examination the competent state agency discovers that the taxpayer is not eligible for the extension, the taxpayer must pay the outstanding tax amount, fines and late fees. paid into the state budget.

Step 4: Do not calculate late payment interest for the tax amount extended during the extended payment deadline.

In case the tax authority has calculated late payment interest (if any) for tax documents subject to extension, the tax authority will make adjustments and not calculate late payment interest.

- In case the investor of capital construction projects or work items uses state budget capital, payments from the state budget for capital construction works of projects using ODA capital subject to value added tax when making payment procedures with the State Treasury must:

Attach a notice that the tax authority has received the extension request or the extension request with confirmation that it has been sent to the tax authority of the contractor performing the project.

The State Treasury, based on the documents sent by the investor, has not yet deducted value-added tax during the extension period. When the extension period expires, the contractor must pay the full amount of extended tax according to regulations.

Best regards!