Notice on deadline of tax payment extended under Decree 41/2020/NĐ-CP

If the taxpayer pays tax after the above time limit, the late payment interest will be charged in accordance with the Law on Tax Management. By Thùy Linh

Decree 41/2020/NĐ-CP dated April 8, 2020 of the Government allowed those affected by the Covid-19 pandemic to extend deadline of VAT payment, corporate income tax, personal income tax and land rent tax.

To avoid late payment of tax extended deadline to State budget, Hanoi Tax Department recommended taxpayers pay attention to the deadline of VAT payment and corporate income tax.

Specifically, regarding value-added tax, in case the taxpayer declared value-added tax on a monthly basis, the taxpayer pays the payable value-added tax of the tax period March 2020 by at least September 20, 2020.

If the taxpayer declared value-added tax on a quarterly basis, the taxpayer pays the value-added tax payable in the tax period of the first quarter of 2020 at least by September 30, 2020.

For corporate income tax, taxpayers should pay the provisional corporate income tax in the first quarter of the tax period of 2020 no later than September 30, 2020.

If the enterprise has the corporate income tax period that does not coincide with the calendar year, the extended tax payment time limit is determined in accordance with the enterprise income tax period of the enterprise.

If the taxpayer pays tax after the above time limit, the late payment interest will be charged in accordance with the Law on Tax Management.