The extension of time limit for payment of value added tax, corporate income tax, personal income tax and land rental

Published on 20 - 04 - 2021
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On April 19, 2021, the Government has just issued the Decree No. 52/2021 / ND-CP on the extension of time limit for payment of value added tax, corporate income tax, personal income tax and land rental in 2021.

This Decree applies to enterprises, organizations, business households and individuals engaged in production in the agricultural, forestry and fishery economic sectors; food production and processing; weaving; costume production; manufacture of leather and related products; wood processing and products from wood, bamboo (except beds, wardrobes, tables, chairs) ...; constructional industry; publishing activity; cinematographic activity, television program production, music recording and publishing; extraction of crude oil and natural gas (with no extension for corporate income tax on crude oil, condensate, natural gas collected under agreements or contracts); production of beverages; printing, copying records of all kinds; production of coke coal, refined petroleum products; chemical production and chemical products; manufacture of products from prefabricated metal (except for machinery and equipment); motorbike and motorcycle manufacture; repair, maintenance and installation of machines and equipment; drainage and wastewater treatment.

The Decree also applies to enterprises, organizations, business households and individuals doing business in the transportation and warehousing industry; accommodation and catering services; education and training; medical and social assistance activities; real estate business; labor and employment service activities; activities of travel agents, tour business and support services, related to tour promotion and organization; creative, artistic and entertainment activities; activities of libraries, archives, museums and other cultural activities; sports activities; film projection activities ... which are also extended the tax payment deadline this year.

Small and micro enterprises are determined in accordance with the Law on Small and Medium Enterprises Support No. 04/2017 / QH14 and the Decree No. 39/2018 / ND-CP dated March 11, 2018 of the Government detailing some articles of the Law on Small and Medium Enterprises Support.

In addition, the Decree also applies to credit institutions and foreign bank branches implementing solutions to support customers who are businesses, organizations and individuals affected by the Covid-19 epidemic according to regulations of the State Bank of Vietnam, which is also entitled to tax extension according to this Decree.

With the value added tax, the extension is applied to the payable arising value added tax for the tax period from March to August 2021 (in the case of VAT declaration on a monthly basis) and the tax period of the first and second quarters of 2021 (in case of value added tax declaration on a quarterly basis) of enterprises and organizations.

With the value added tax from March to June 2021 and the first and second quarters of 2021, the extension period is 5 months.

With the value added tax of July and August 2021, the extension period is 4 months and 3 months, respectively.

For corporate income tax, the extension applies to the provisional corporate income tax in the first quarter or second quarter of the 2021 income tax period of enterprises or organizations. The extension period is 3 months.

For value added tax and personal income tax of business households and individuals, the extension applies to the amount of payable arising tax in 2021. The extension period is until December 31, 2021.

For land rental, the extension applies to the payable land rental in the first period of 2021 of enterprises, organizations, business households or individuals being directly leased land by the State. The deadline for extension is 6 months from May 31, 2021.

This Decree takes effect from the date of its signing.

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