Just submit 01 written request for extension of tax payment, land rental in Vietnam for all periods

Taxpayers who extend the time limit for tax payment and land rental in Vietnam in 2021 only need to send a written request for extension 01 time for all periods of tax orders and land rental is extended.

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The Government has just issued Decree 52/2021/ND-CP dated April 19, 2021 extending the deadline for payment of value added tax, corporate income tax, personal income tax and land rent in Vietnam in 2021 at the request of the Ministry of Finance.

Decree No. 52/2021/ND-CP stipulates the extension of the time limit for payment of taxes and land rent to enterprises, organizations, business households and individuals affected negatively by the Covid-19 epidemic.

According to this Decree, the extension of 5 months for the value added tax from March to June 2021 and the first and second quarters of 2021; the extension of 4 months for the value added tax in July 2021, the extension of 3 months for the value added tax in August 2021; the extension of 3 months for the corporate income tax temporarily paid in the first and second quarters of the corporate income tax period in 2021.

Business households and individuals doing business in Vietnam shall pay value-added tax, personal income tax in 2021 no later than December 31, 2021; extend 6 months the land rental payable in the first period in 2021.

In order to facilitate the extension of tax payment and land rent for Vietnamese subjects, Decree No. 52/2021/ND-CP stipulates that taxpayers directly declare and pay tax with the tax authorities of the extended subjects send a written request for extension of tax payment and land rent for the first time or replace it when detecting errors (by electronic means; sending a paper directly to the tax authorities or sending it via the postal service) to the direct tax authorities 01 time for all periods of tax ordinances and land rent is extended together with the time of submitting the tax declaration dossier by month (or quarterly) in accordance with the law on tax administration.

In case the request for extension of tax payment and land rental in Vietnam is not submitted at the same time as the submission of the monthly (or quarterly) tax declaration dossier, the deadline for submission is July 30, 2021, the tax administration agency shall still extend the payment of tax or land rental of the arising periods which are extended before the time of submission of the request for extension.

In particular, in cases where the taxpayers in Vietnam have extended accounts in different areas of the tax administration, the tax authorities directly managing the taxpayers are responsible for transmitting the request for extension of tax payment and land rental to the relevant tax authorities.

In order to be entitled to the extension of tax and land rent, the taxpayer must pay all taxes and land rents in Vietnam that have been extended in accordance with the Decree No. 41/2020/ND-CP and the corresponding late payment (if any) to the state budget before July 30, 2021.

With the order and procedures for extension being extremely simple but still strict, Decree No. 52/2021/ND-CP will contribute to supporting organizations, individuals and enterprises in Vietnam that face difficulties due to the Covid-19 epidemic to have more financial resources to maintain and restore production life.

Huyen Thu

Source: Financial magazine

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