Extend the deadline for paying taxes and land rent in 2024

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People pay taxes at Thu Duc City Tax Department, Ho Chi Minh City Photo: T.D

Decree No. 64/2024/ND-CP stipulates that subjects eligible for extension 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; weaving; costume production; production of leather and related products; wood processing and production of products from wood, bamboo (except beds, cabinets, tables, chairs); manufacture of products from straw and plaiting materials; production of paper and paper products; manufacturing products from rubber and plastic; production of products from other non-metallic minerals; metal production; mechanical processing; metal treatment and coating; manufacturing electronic products, computers and optical products; production of automobiles and other motor vehicles; production of beds, cabinets, tables, chairs; build; publishing activities; cinematographic activities, television program production, recording and music publishing; Crude oil and natural gas exploitation (no extension for corporate income tax on crude oil, condensate, and natural gas collected under agreements or contracts); beverage production; print and copy records of all kinds; production of coke and refined petroleum products; production of chemicals and chemical products; manufacturing 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 doing business in the following economic sectors: transportation and warehousing; Accommodation and food services; education and training; health and social assistance activities; real estate business activities; labor and employment service activities; activities of travel agents, tour businesses and support services related to promotion and organization of tours; creative, artistic and entertainment activities; operations of libraries, archives, museums and other cultural activities; sports and entertainment activities; movie screening 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 manufacturing supporting industrial products are given priority for development; key mechanical products.

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

The economic sectors and fields of enterprises, organizations, households, business households, and individual businesses specified in sections (1), (2) and (3) above are the industries and fields in which the enterprises, organizations, households, business households, and individual businesses are having production and business activities and generating revenue in 2023 or 2024.

For VAT (except import VAT), the Decree extends the tax payment deadline for the arising VAT amount to be paid (including the tax amount allocated to other provincial localities where the taxpayer has head office, tax amount is paid each time it arises) of the tax period from May to September 2024 (in case of monthly VAT declaration) and the tax period of quarter 2/2024, quarter 3/2024 (in case of quarterly VAT declaration) of businesses and organizations that are eligible for extension.

The extension period is 5 months for the VAT amount of May 2024, June 2024 and the second quarter of 2024, a 4-month extension for the VAT amount of July 2024, a 3-month extension for the VAT amount of August 2024, 2-month extension for VAT of September 2024 and quarter 3/2024. The extension period is calculated from the end date of the VAT payment deadline according to the provisions of law on tax administration.

For corporate income tax, extend the tax payment deadline for the temporarily paid corporate income tax amount of the second quarter of the 2024 corporate income tax period of enterprises and organizations subject to the extension. The extension period is 3 months from the end of the CIT payment deadline according to the provisions of law on tax administration.

In case an enterprise or organization subject to the extension has branches and affiliated units that declare separate corporate income tax with the tax agency directly managing the branch or affiliated unit, then the branches and units affiliates are also eligible for CIT payment extension. In case a branch or affiliated unit of an enterprise or organization does not have production or business activities in the economic sector or field subject to the extension, the branch and affiliated unit are not eligible for the CIT payment extension

For land rent, extend the land rent payment deadline for 50% of the arising land rent that is payable in 2024 (the payable amount in the second period of 2024) of enterprises, organizations, households, and individuals subject to the extension that is being leased land directly by the State according to a Decision or Contract of a competent state agency in the form of annual land rental payment. The extension period is 2 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 (1) (2) (3 ) then businesses and organizations can extend the entire value added tax amount and payable corporate income tax amount; Business households and individuals are entitled to an extension of all value-added tax and payable personal income tax according to the instructions in this Decree.