Deadline for Filing Value-Added Tax for the Tax Period of July 2024
Translation:
What is the latest deadline for filing value-added tax for the tax period of July 2024? Which entities are subject to the 5% value-added tax rate? What is the extension deadline for filing value-added tax in 2024?Deadline for Filing Value-Added Tax for the Tax Calculation Period of July 2024
Pursuant to Article 4 of Decree 64/2024/ND-CP stipulating the extension of the value-added tax filing deadline as follows:
Extension of Tax and Land Rent Payment Deadlines
- For value-added tax (excluding value-added tax on imported goods)
a) The tax payment deadline for the value-added tax payable (including the tax amounts allocated to other provincial-level localities where the taxpayer's headquarters are located and taxes payable on an occurrence basis) for the tax periods from May to September 2024 (for those who declare value-added tax on a monthly basis) and Q2 2024, Q3 2024 (for those who declare value-added tax on a quarterly basis) of the enterprises and organizations mentioned in Article 3 of this Decree is extended as follows: The extension period is 5 months for the value-added tax of May 2024, June 2024, and Q2 2024; 4 months for the value-added tax of July 2024; 3 months for the value-added tax of August 2024; and 2 months for the value-added tax of September 2024 and Q3 2024. The extension period specified in this point is calculated from the date the value-added tax payment deadline expires as regulated by the law on tax administration.
Enterprises and organizations eligible for the extension shall declare and submit their monthly, quarterly value-added tax returns in accordance with the current legal provisions, but are not required to pay the value-added tax declared in the returns. The extended deadlines for value-added tax payment are as follows:
The deadline for paying value-added tax for May 2024 is no later than November 20, 2024.
The deadline for paying value-added tax for June 2024 is no later than December 20, 2024.
The deadline for paying value-added tax for July 2024 is no later than December 20, 2024.
The deadline for paying value-added tax for August 2024 is no later than December 20, 2024.
The deadline for paying value-added tax for September 2024 is no later than December 20, 2024.
The deadline for paying value-added tax for Q2 2024 is no later than December 31, 2024.
The deadline for paying value-added tax for Q3 2024 is no later than December 31, 2024.
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According to the latest update, the deadline for filing value-added tax for July 2024 is December 20, 2024.
What is the deadline for filing value-added tax for July 2024? (Image from the Internet)
Extension of Value-Added Tax Filing Deadline for 2024
Pursuant to Article 4 of Decree 64/2024/ND-CP, the value-added tax filing deadline extension for 2024 (excluding value-added tax on imported goods) is as follows:
- The deadline for paying value-added tax for May 2024 is no later than November 20, 2024.
- The deadline for paying value-added tax for June 2024 is no later than December 20, 2024.
- The deadline for paying value-added tax for July 2024 is no later than December 20, 2024.
- The deadline for paying value-added tax for August 2024 is no later than December 20, 2024.
- The deadline for paying value-added tax for September 2024 is no later than December 20, 2024.
- The deadline for paying value-added tax for Q2 2024 is no later than December 31, 2024.
- The deadline for paying value-added tax for Q3 2024 is no later than December 31, 2024.
Who is Subject to a 5% Value-Added Tax Rate?
According to Clause 2 Article 8 of the Value-Added Tax Law 2008, supplemented by Clause 3 Article 1 of the Amended Value-Added Tax Law 2013, Clauses 2 and 3 Article 3 of the Law Amending Various Tax Laws 2014, the following are subject to a 5% value-added tax rate:
- Clean water serving production and daily life.- Ores for fertilizer production; insecticides and growth stimulants for plants and animals.- Services of digging, dredging canals, ditches, ponds for agricultural production; plant protection and care; preliminary processing and preservation of agricultural products.- Unprocessed agricultural, forestry, and aquatic products, except for products stipulated in Clause 1 Article 5 of the Value-Added Tax Law 2008, amended by Clause 1 Article 1 of the Law on Amendments to the Value-Added Tax Law, Excise Tax Law, and Tax Administration Law 2016.- Preliminary processed rubber latex; preliminary processed rosin; nets, ropes, and fibers for making fishing nets.- Fresh food; unprocessed forest products excluding timber, bamboo shoots, and products listed in Clause 1 Article 5 of the Value-Added Tax Law 2008, amended by Clause 1 Article 1 of the Law on Amendments to the Value-Added Tax Law, Excise Tax Law, and Tax Administration Law 2016.- Sugar; by-products in sugar production, including molasses, bagasse, and mud press.- Products made from jute, rushes, bamboo, leaves, straws, coconut shells, water hyacinths, and other agricultural production by-products; pre-processed cotton; newsprint.- Medical equipment and instruments, medical bandages and sanitary napkins; preventive and curative medicines; chemical pharmaceuticals, and pharmaceutical materials for producing preventive and curative medicines.- Teaching and learning aids, including models, drawings, boards, chalks, rulers, compasses, and other specialized teaching and research equipment.- Cultural, exhibition, sports activities; artistic performances, film production; importing, distributing, and screening movies.- Children's toys; various types of books except for those stipulated in Clause 15 Article 5 of the Value-Added Tax Law 2008, amended by Clause 1 Article 1 of the Amended Value-Added Tax Law 2013.- Scientific and technological services as per the Science and Technology Law.- Sales, leases, lease-purchases of social housing under the Housing Law 2014.
