Extension of VAT payment deadline to April 2013
The value added tax payable for June 2012 has been extended to January 2013 according to Resolution No. 13/NQ-CP dated May 13, 2012 and Circular No. 83/2012/TT-BTC dated May 23, 2012, further extending the payment to April 2013.
Illustration photo: Hong Ky/VNA
That is the content of Circular No. 175/2012/TT-BTC guiding the extension of value added tax payment according to Resolution No. 67/NQ-CP dated October 5, 2012 of the Government issued by the Ministry of Finance on October 22.
Accordingly, enterprises that are paying value added tax according to the deduction method are entitled to an extension of the value added tax payment deadline, including: Small and medium enterprises, including cooperatives (collectively referred to as small and medium enterprises), excluding small and medium enterprises operating in the fields of lottery, securities, finance, banking, insurance, production of goods and services subject to special consumption tax and enterprises ranked 1 and special class belonging to economic groups and corporations.
In addition, enterprises in the fields of production, processing, and manufacturing such as agricultural products, forestry products, aquatic products, textiles, footwear, electronic components; construction of economic-social infrastructure works that use a lot of labor (generally called enterprises using a lot of labor) are also granted an extension to pay value added tax.
In addition, the criteria for determining small and medium enterprises, enterprises in the fields of production, processing, and manufacturing of agricultural, forestry, aquatic products, textiles, footwear, electronic components; construction of economic-social infrastructure works using a lot of labor, and the method for determining the amount of extended value added tax are implemented according to the instructions in Clause 2, Clause 3, Clause 4, Article 1 of Circular No. 83/2012/TT-BTC dated May 23, 2012 of the Ministry of Finance.
The Circular emphasizes that the deadline for paying value added tax for June 2012 is April 20, 2013 at the latest./.
According to (TTXVN)-LT
