On June 17th, 2024, the Government issued Decree No. 64/2024/NĐ-CP, accordingly:
The entities eligible for the extension of payment deadlines for value-added tax, corporate income tax, personal income tax, and land rent in 2024 include:
- Enterprises, organizations, households, business households, and individuals engaged in production activities in the following economic sectors: Agriculture, forestry, and fisheries; Food production and processing; Construction; etc.
- Enterprises, organizations, households, business households, and individuals engaged in business activities in the following economic sectors: Transportation and warehousing; Accommodation and food services; Education and training; Health and social assistance activities; Real estate business activities; etc.
- Enterprises, organizations, households, business households, and individuals engaged in the production of supporting industrial products prioritized for development; key mechanical products.
- Small and micro enterprises as defined by the Law on Supporting Small and Medium Enterprises 2017 and Decree 80/2021/NĐ-CP detailing certain provisions of the Law on Supporting Small and Medium Enterprises 2017.
The economic sectors and fields of the enterprises, organizations, households, business households, and individuals specified in (1), (2), and (3) above are sectors and fields in which the enterprises, organizations, households, business households, and individuals have production and business activities and generate revenue in 2023 or 2024.
Extension Period:
- Extension of 05 months for the value-added tax payable for May 2024, June 2024, and the second quarter of 2024;
- Extension of 04 months for the value-added tax payable for July 2024;
- Extension of 03 months for the value-added tax payable for August 2024;
- Extension of 02 months for the value-added tax payable for September 2024 and the third quarter of 2024;
- Extension of 03 months for temporarily paid corporate income tax for the second quarter of the 2024 corporate income tax period;
- Business households and individuals shall submit value-added tax and personal income tax for 2024 no later than December 30th, 2024;
- Extension of 02 months from October 31st, 2024, for 50% of the arising land rent payable in 2024 (the amount payable for the second period of 2024).
Taxpayers themselves determine and are responsible for extension requests and ensure the correct subjects are granted the extension. If the taxpayer sends the extension request to the tax authority after September 30th, 2024, the tax and land rent payments deadline will not be extended according to the provisions of this Decree.
This Decree is effective from the date of issuance until the end of December 31st, 2024.
