Accordingly, for VAT (except for import VAT), businesses will be extended the tax payment for the tax period from May to September 2024 (with monthly tax declaration basis) and extended payment. Tax amount of the 2nd and 3rd quarter of 2024 tax period (with quarterly tax declaration basis). The extension period is 5 months for VAT amounts of May, June and the second quarter of 2024; 4 month extension for July tax amount; 3-month extension for August tax amount; 2-month extension for September and third quarter tax amounts.

For corporate income tax, there is a 3-month extension for the temporarily paid tax amount of the second quarter of 2024.

Business households and individuals will be given an extension to pay until December 30, 2024 for the entire amount of VAT and personal income tax arising in 2024.

With land rent, businesses and individual business households are entitled to an extension to pay 50% of the land rent payable in 2024 (the amount payable in the second period of 2024), the extension period is 2 months from the date of payment. October 31, 2024.

The request for extension of payment of taxes and land rent in 2024 must be submitted no later than September 30, 2024.

The Decree takes effect from the date of signing until December 31, 2024. Source: LuatVietnam.NET