Summary of policies to extend tax payment to support businesses in 2022 in Vietnam

The following is a summary of some policies to extend tax payment and land rent for 2022 in Vietnam to support businesses that the Government has just issued.

Summary of policies to extend tax payment to support businesses in 2022 in Vietnam

1. Policy on extension of payment of excise tax on cars made in Vietnam

Pursuant to Article 3 of Decree 32/2022/ND-CP stipulating the extension of tax payment for payable excise tax amounts arising in the tax period of June, July, August and September 2022 for automobiles manufactured or assembled in Vietnam.

The extension period from the end of the time limit for paying excise tax according to the provisions of the law on tax administration to the end of November 20, 2022, specifically as follows:

+ The deadline for paying the payable special consumption tax arising in the June 2022 tax period is November 20, 2022 at the latest.

+ The deadline for paying special consumption tax arising from the tax period of July 2022 is November 20, 2022 at the latest.

+ The deadline for paying special excise tax incurred in the tax period of August 2022 is November 20, 2022 at the latest.

+ The deadline for paying the payable special consumption tax arising in the September 2022 tax period is November 20, 2022 at the latest.

2. Policy on extension of payment of value added tax in Vietnam

According to Clause 1, Article 4 of Decree 34/2022/ND-CP stipulating the extension of time limit for payment of value added tax (except for value added tax at the stage of importation) as follows:

- Value-added taxes with extended tax payment deadlines: The arising value-added tax payable of the tax period of the first quarter, the second quarter of 2022 (for the case of VAT declaration according to quarterly) of enterprises and organizations mentioned in Article 3 of Decree 34/2022/ND-CP, including:

+ Tax amount allocated to other provincial-level localities where taxpayers are headquartered

+ Tax amount paid for each time of tax period from March to August 2022 (for the case of monthly value-added tax declaration)

- Value added tax extension time:

+ 06 months for value added tax from March to May 2022 and the first quarter of 2022.

+ 05 months for the value added tax amount of June 2022 and the second quarter of 2022.
+ 04 months for the value added tax amount of July 2022.

+ 03 months for the value added tax amount of August 2022.

The extension at this point is counted from the end of the time limit for payment of value added tax in accordance with the law on tax administration.

Specifically, the deadline for monthly and quarterly value-added tax payment is extended as follows:

+ The deadline for paying value added tax of the tax period of March 2022 is October 20, 2022 at the latest.

+ The deadline for paying value added tax of the April 2022 tax period is November 20, 2022 at the latest.

+ The deadline for paying value added tax of the tax period in May 2022 is December 20, 2022 at the latest.

+ The deadline for paying value added tax of the June 2022 tax period is December 20, 2022 at the latest.

+ The deadline for paying value added tax of the tax period of July 2022 is December 20, 2022 at the latest.

+ The deadline for paying value added tax of the tax period of August 2022 is December 20, 2022 at the latest.

+ The deadline for paying value-added tax of the tax period of the first quarter of 2022 is October 30, 2022.

+ The deadline for paying value added tax of the tax period of the second quarter of 2022 is December 31, 2022 at the latest.

(Clause 1, Article 4 of Decree 34/2022/ND-CP)

3. Corporate income tax extension policy in Vietnam

The extended tax is the temporarily paid corporate income tax of the first quarter, the second quarter of the corporate income tax period 2022 of enterprises and organizations that are subject to the provisions of Article 3 of Decree No. 34/2022/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.

4. Policy on extension of land rent payment in Vietnam

According to Clause 4, Article 4 of Decree 34/2022/ND-CP providing for extension of land rental term:

- Extension of the time limit for paying land rent for 50% of the arising land rent payable in 2022 of enterprises, organizations, households, and individual business households that fall into the categories specified in Article 3 of Decree 34/2022/ND-CP is being leased directly by the State under a decision or contract of a competent state agency in the form of annual land rental payment.

- The extension period is 06 months from May 31, 2022 to November 30, 2022.

- This regulation applies to enterprises, organizations, households, business households and individuals who have many decisions, direct land lease contracts of the State and have many production and business activities. There are different economic sectors and fields specified in Clauses 1, 2, 3 and 5, Article 3 of Decree 34/2022/ND-CP.

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