Extension of deadline for tax and land rent payment in Vietnam 2023

Extension of deadline for tax and land rent payment in Vietnam 2023
Nguyễn Thị Diễm My

Government issued Decree 12/2023/ND-CP on extending the deadline for paying value added tax, corporate income tax, personal income tax and land rent in 2023.

Gia hạn thời hạn nộp thuế và tiền thuê đất năm 2023

Extension of deadline for tax and land rent payment in Vietnam 2023 (Internet image)

1. Extension of time limit for payment of value added tax in Vietnam 2023

For value-added tax (except value-added tax at import stage)

- Extension of the tax payment deadline for the amount of value added tax payable (including the tax amount allocated to other provinces at the provincial level where the taxpayer is headquartered and the tax amount paid each time it is incurred) for the tax period from March to August 2023 (for the case of a monthly VAT declaration) and the tax period of the first and second quarters of 2023 (for the case of a quarterly VAT declaration) for the businesses and organizations mentioned in Article 3 of Decree 12/2023/ND-CP.

The extension period is six months for the value added tax amount from March to May 2023 and the first quarter of 2023; five months for the value added tax amount of June 2023 and the second quarter of 2023; four months for the value added tax amount of July 2023; and three months for the value added tax amount of August 2023. According to the law on tax administration, the extension time at this point is counted from the end of the time limit for payment of value-added tax.

Enterprises and organizations eligible for the extension shall declare and submit monthly and quarterly VAT declarations in accordance with current law but have not yet paid the payable value-added tax amount arising on the declared value-added tax declaration.

The time limit for payment of value-added tax for the month and quarter is extended as follows:

- 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 tax period ending June 2023 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, at the latest.

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

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

In case an enterprise or organization mentioned in Article 3 of Decree 12/2023/ND-CP has branches or affiliated units, they shall make a separate declaration of value added tax with the tax authority directly managing the branch or affiliated unit. Branches and affiliated units are also subject to the extension of payment of value added tax.

In the event that branches and affiliated units of enterprises and organizations mentioned in Clauses 1, 2 and 3, Article 3 of Decree 12/2023/ND-CP do not have production or business activities in the extended economic or business sectors, their branches and affiliated units are not eligible for the extension to pay value added tax.

2. Extension of the deadline for paying corporate income tax in Vietnam in 2023

- Extending the tax payment deadline for temporarily paid corporate income tax amounts of the first quarter and second quarter of the corporate income tax period of 2023 of enterprises and organizations specified in Article 3 of Decree 12/2023/ND-CP.

The extension is 03 months from the end of the time limit for paying corporate income tax in accordance with the law on tax administration.

- In case an enterprise or organization mentioned in Article 3 of Decree 12/2023/ND-CP has branches and affiliated units, it shall declare its own corporate income tax with the tax authority directly managing the branch and affiliated units. Branches and affiliated units are also subject to the extension of corporate income tax payment.

In the event that branches or affiliated units of enterprises or organizations mentioned in Clauses 1, 2 and 3, Article 3 of Decree 12/2023/ND-CP do not have production or business activities in the extended economic or business sectors, their branches or affiliated units are not eligible for the extension of corporate income tax payment.

3. Extension of time limit for payment of value added tax and personal income tax of business households and individuals in Vietnam

Extension of the time limit for payment of value added tax and personal income tax for the payable tax amount arising in 2023 of business households and business individuals operating in the economic sectors and fields mentioned in Clause 1, Clauses 2 and 3, Article 3 of Decree 12/2023/ND-CP.

Business households and individuals shall pay the extended tax amount in this Clause by December 30, 2023.

4. Extension of time limit for paying land rent in Vietnam 2023

Extension of the time limit for paying land rent for 50% of the arising land rent payable in 2023 for enterprises, organizations, households, and individuals that fall into the categories specified in Article 3 of Decree 12/2023/ND-CP is being directly leased land by the State under a decision or contract of a competent state agency in the form of an annual land rental payment.

The extension period is 06 months from May 31, 2023 to November 30, 2023.

This regulation applies to enterprises, organizations, households, and individuals that have many decisions, direct land lease contracts with the State and many different production and business activities, including the economic sectors and fields specified in Clauses 1, 2 and 3 of Article 3 of Decree 12/2023/ND-CP.

In case an enterprise, organization, business household, or business individual has production and business activities in many different economic sectors, including the economic sectors and fields specified in Clauses 1, 2 and 3 of Article 3 of Decree 12/2023/ND-CP, then:

- Enterprises and organizations are entitled to an extension of the entire payable value-added tax and corporate income tax amounts;

- Business households and individuals are entitled to an extension of the entire payable value-added tax and personal income tax under the guidance in Decree 12/2023/ND-CP.

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