Extension of tax and land rent payment deadline in 2024

The subject of the extension

* Enterprises, organizations, households, business households, and individuals operating in the following economic sectors:

- Agriculture, forestry and fisheries;

- Food production and processing; weaving; garment production; leather and related products production; wood processing and production of products from wood, bamboo and rattan (except beds, wardrobes, tables and chairs); production of products from straw, thatch and plaiting materials; production of paper and paper products; production of products from rubber and plastic; production of products from other non-metallic minerals; metal production; mechanical processing; metal treatment and coating; production of electronic products, computers and optical products; production of automobiles and other motor vehicles; production of beds, wardrobes, tables and chairs;

- Build;

- Publishing activities; cinematography, television program production, sound recording and music publishing;

- Exploitation of crude oil and natural gas (no extension for corporate income tax on crude oil, condensate, natural gas collected under agreements and contracts);

- Beverage production; printing and copying of all kinds of records; production of coke, refined petroleum products; production of chemicals and chemical products; production of products from prefabricated metal (except machinery and equipment); production of motorbikes and motorbikes; repair, maintenance and installation of machinery and equipment;

- Drainage and wastewater treatment.

* Enterprises, organizations, households, business households, and individuals operating in the following economic sectors:

- Transportation and warehousing; accommodation and catering services; education and training; healthcare and social assistance activities; real estate business activities;

- Labor and employment service activities; activities of travel agencies, tour businesses and support services related to promoting and organizing tours;

- Creative, artistic and entertainment activities; library, archive, museum and other cultural activities; sports and entertainment activities; cinema activities;

- Radio and television broadcasting activities; computer programming, consulting services and other activities related to computers; information service activities;

- Mining support service activities.

* Enterprises, organizations, households, business households, and individuals engaged in the production of priority supporting industrial products; key mechanical products.

* Small and micro enterprises are determined according to the provisions of the Law on Support for Small and Medium Enterprises 2017 and Decree No. 80/2021/ND-CP dated August 26, 2021 of the Government detailing a number of articles of the Law on Support for Small and Medium Enterprises.

The economic sectors and fields of enterprises, organizations, households, business households and business individuals specified in (1), (2) and (3) above are the sectors and fields in which enterprises, organizations, households, business households and business individuals have production and business activities and generate revenue in 2023 or 2024.

* Tax payment deadline extension in 2024

- For value added tax (except import value added tax):

Extension of the tax payment deadline for the arising value added tax payable (including the tax amount allocated to other provincial-level localities where the taxpayer has its head office, the tax amount payable for each occurrence) of the tax period from May to September 2024 (for cases of monthly value added tax declaration) and the tax period of the second quarter of 2024, the third quarter of 2024 (for cases of quarterly value added tax declaration) of enterprises and organizations eligible for the extension.

The extension period is 05 months for the value added tax amount of May 2024, June 2024 and the second quarter of 2024, the extension period is 04 months for the value added tax amount of July 2024, the extension period is 03 months for the value added tax amount of August 2024, the extension period is 02 months for the value added tax amount of September 2024 and the third quarter of 2024.

The extension period is calculated from the end date of the deadline for payment of value added tax according to the provisions of the law on tax administration.

Enterprises and organizations that are eligible for an extension must declare and submit monthly and quarterly Value Added Tax Declarations according to current law, but have not yet had to pay the payable Value Added Tax arising on the declared Value Added Tax Declarations.

- For corporate income tax:

Extension of tax payment deadline for provisional corporate income tax payment of the second quarter of the 2024 corporate income tax period of enterprises and organizations eligible for extension.

The extension period is 03 months from the end date of the deadline for paying corporate income tax according to the provisions of the law on tax administration.

- For value added tax, personal income tax of business households and business individuals

Extension of the deadline for payment of value added tax and personal income tax for tax payable arising in 2024 of business households and individuals operating in economic sectors and fields eligible for extension.

Business households and business individuals must pay the extended tax amount in this clause no later than December 30, 2024.

* Extension of land rent payment deadline

Extension of land rent payment deadline for 50% of the land rent payable in 2024 (the amount payable in the second period of 2024) of enterprises, organizations, households and individuals eligible for extension who are directly leasing land from the State according to the Decision or Contract of the competent state agency in the form of annual land rent payment.

The extension period is 02 months from October 31, 2024.

In case an enterprise, organization, business household, or individual business has production and business activities in many different economic sectors, including the economic sectors and fields specified in Clause 1, Clause 2, and Clause 3, Article 3 of Decree No. 64/2024/ND-CP, then: The enterprise or organization is entitled to an extension of the entire value-added tax and corporate income tax payable; Business households and individual business are entitled to an extension of the entire value-added tax and personal income tax payable according to the instructions in this Decree.