Tax, land rent payment deadlines to be extended this year
Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).
The Ministry of Finance (MoF) has finalised a draft decree on the deadline extension. It said that the move aims to assist enterprises and people to surmount difficulties and sustain production and business activities while minimising impact on the balance of the state budget at both central and local levels.
The scope of this policy is proposed to be the same as that in a similar decree last year.
The MoF estimated that the VAT to be paid by enterprises benefiting from the extension will be about 52.4 trillion VND, and the corporate income tax 27.6 trillion VND.
Meanwhile, the policy will cover about 440 billion VND in the VAT and personal income tax to be paid by households and inpiduals doing businesses, and land rent subject to the extended deadlines is valued at about 3.2 trillion VND.
The MoF said this year’s state budget revenue will not be affected as taxpayers have to fulfill their obligation by the end of this year. It described the extension as an urgent measure for supporting businesses and people, proposing the Government allow this decree to take effect upon signing.
Last year, the Government issued Decree No. 12/2023/ND-CP on extending payment deadlines for VAT, corporate income tax, personal income tax, and land rent in 2023. As many as 157,955 taxpayers benefited from this policy with the tax value totalling over 96.96 trillion VND, statistics show./.
Related News
Latest News
Low interest loan programme launched for high-quality rice cultivation
14:35 | 17/10/2024 Finance
More efficient thanks to centralized payments between the State Treasury and banks
13:51 | 17/10/2024 Finance
Property sector remains vulnerable to money laundering: SBV
13:48 | 15/10/2024 Finance
Vietnam – Australia share experience in building carbon credit trading platform
09:28 | 15/10/2024 Finance
More News
Stock market sees notable recovery amid ongoing uncertainties
14:14 | 14/10/2024 Finance
E-commerce tax collection in Hanoi increased by 265%
10:28 | 13/10/2024 Finance
Solving necessary and urgent issues in financial and budgetary sectors
10:57 | 12/10/2024 Finance
Banks reduce profit expectations for 2024
14:54 | 11/10/2024 Finance
A new tax management approach needed to promote business household development
09:19 | 11/10/2024 Finance
Fifteen Vietnamese banks named in the global top 500 banking brands
15:23 | 10/10/2024 Finance
Digital infrastructure strategy approved
15:21 | 10/10/2024 Finance
Drastically handle tax debts in the last months of the year
09:41 | 10/10/2024 Finance
Realized social investment capital is estimated at VND2,417.2 trillion
14:22 | 09/10/2024 Finance
Your care
Low interest loan programme launched for high-quality rice cultivation
14:35 | 17/10/2024 Finance
More efficient thanks to centralized payments between the State Treasury and banks
13:51 | 17/10/2024 Finance
Property sector remains vulnerable to money laundering: SBV
13:48 | 15/10/2024 Finance
Vietnam – Australia share experience in building carbon credit trading platform
09:28 | 15/10/2024 Finance
Stock market sees notable recovery amid ongoing uncertainties
14:14 | 14/10/2024 Finance