This is the noteworthy content of Official Dispatch 1307/TCT-CS regarding the Decree on extension of tax payment and land rent issued by the General Department of Taxation on March 27, 2020.
On March 26, 2020, the Minister of Finance signed Report to the Government of Vietnam No. 3540/TTr-BTC regarding the Decree on the extension of tax and land rent payments. Compared to the previous Draft, the Report has added several sectors considered for the extension of tax payment deadlines, specifically including:
- Education and training; healthcare and social assistance activities;- Creative, artistic, and entertainment activities; sports activities; activities of botanical gardens, zoos, and nature reserves; activities of theme parks; film screening activities.
Additionally, compared to the previous Draft, the Report also included an extension of the tax payment deadline for CIT payable under the 2019 annual tax finalization and the provisional CIT payment for Q1 and Q2 of 2020 for enterprises.
Note: The extension period for CIT and VAT of enterprises is 05 months from the end of the tax payment deadline as prescribed.
Details can be found at: Official Dispatch 1307/TCT-CS issued on March 27, 2020.
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