Effective date: June 23, 2022
Main contents:
Tax, land rents and deferral period:
- Value-Added Tax: VAT incurred (including VAT distributed to provinces other than the province in which the taxpayer is headquartered, separately incurred VAT) during the period from March to August 2022 (for monthly declared VAT) and tax periods of the first quarter (Q1) and second quarter (Q2) of 2022 (for quarterly declared VAT) payable by the enterprises and organizations mentioned in Article 3 of this Decree. Deferral period shall be 06 months for VAT incurred during the period from March to May, 2022 and Q1 2022; 05 months for VAT incurred during June 2022 and Q2 2022; 04 months for VAT incurred during July 2022; 03 months for VAT incurred during August 2022. These deferral periods begin from the deadline for payment of VAT prescribed by regulations of law on tax administration
- Corporate Income Tax: Deferral period of 03 months will be granted to provisional CIT of Q1 and Q2 2022, from the deadline for payment of CIT according to regulations of law on tax administration.
- Value-Added Tax, Personal Income Tax payable by business households and individuals incurring in 2022 of business households and individuals carrying out business operations in the lines of business mentioned in Clause 1, Clauses 2 and 3, Article 3 of Decree No. 34/2022/ND-CP is entitled to extend the payment deadline for the extended tax amount by December 30, 2022.
- Land rents: Deferral shall be granted to 50% of annual land rents payable in 2022. Deferral period shall be 06 months from May 31, 2022 to November 30, 2022.
Deferral procedures:
- The taxpayer that directly declares and pays tax to the tax authority and is eligible for deferral shall send the application for deferral of tax and land rents to the supervisory tax authority, and the deadline for submitting is not later than September 30, 2022.
- Taxpayers shall determine and take responsibility for their eligibility for deferral in accordance with this Decree. Deferral applications sent to the tax authority after September 30, 2022 will not be granted according to the Decree No. 34/2022/ND-CP.
- In case the tax authority has charged late payment interest (if any) but the taxpayer’s deferral application is granted in accordance with the Decree 34/2022/ND-CP, the tax authority shall cancel the late payment interest.