The Vietnamese Government has approved Decree No. 64/2024/ND-CP on June 17, 6, regulating the extension of the deadline for payment of value-added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent for 2024. The following are the contents that businesses need to know to apply.

Extension of time to pay taxes and land rent in 2024

1. Extension of VAT payment (except import VAT)

Extension of tax payment time for VAT arising from May 05 to September 2024 (for monthly declaration) and quarter 09-2024, quarter 2-2024 (for quarterly declaration).

Extension period: 

• 5 months for VAT of May 5 and June 2024 as well as quarter 6-2024;
• 4 months for July 7; 
• 3 months for July 8; 
• 2 months for September 9 and quarter 2024-3.

VAT payment time is extended: 

• May 5 no later than November 2024, 20; 
• May 6 no later than November 2024, 20; 
• May 7 no later than November 2024, 20; 
• May 8 no later than November 2024, 20; 
• May 9 no later than November 2024, 20; 
• Quarter 2-2024 no later than December 31, 12; 
• Quarter 3-2024 no later than December 31, 12.

2. Extension of corporate income tax payment deadline

→ Extension of 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 specified in Article 3 of this Decree. The extension period is 03 months from the end of the corporate income tax payment deadline according to the provisions of law on tax administration.

→ In case an enterprise or organization mentioned in Article 3 of this Decree has branches and affiliated units that ｄｅｃｌａｒｅ corporate income tax separately from the tax authority directly managing the branch or affiliated unit, then Branches and affiliated units are also eligible for extension of corporate income tax payment. In case a branch or affiliated unit of an enterprise or organization mentioned in Clause 1, Clause 2 and Clause 3, Article 3 of this Decree does not have production and business activities in the economic sector or field covered by the extension, the payment Branches and affiliated units are not eligible for extension of corporate income tax payment.

3. Extension of value added tax and personal income tax for business households and individual businesses

Extension of the time limit for payment of value added tax and personal income tax for the payable tax amount arising in 2024 of business households and individuals operating in the economic sectors and fields mentioned in Clause 1 , Clauses 2 and 3, Article 3 of this Decree. Business households and individuals shall pay the extended tax amount in this Clause by December 30, 12.

Summary lookup table

Subjects are subject to extension

1. Enterprises, organizations, households, business households and individuals engaged in production activities in the following economic sectors:

a) Agriculture, forestry and fishery;

b) Food production and processing; weaving; production of costumes; manufacture of leather and related products; wood processing and production of products from wood, bamboo and cork (except for beds, cabinets, tables and chairs); produce products from straw, straw and plaiting materials; production of paper and paper products; manufacture products from rubber and plastic; manufacture of other non-metallic mineral products; metal production; mechanical; metal treatment and coating; manufacturing electronic products, computers and optical products; manufacture of automobiles and other motor vehicles; manufacture of beds, cabinets, tables and chairs;

c) Construction;

d) Publishing activities; cinematographic activities, television program production, sound recording and music publishing;

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

f) 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 metals (except machinery and equipment); production of motorcycles and motorbikes; repair, maintenance and installation of machinery and equipment;

g) Drainage and wastewater treatment.

2. Enterprises, organizations, households, business households and individuals doing business in the following economic sectors:

a) Warehouse transportation; accommodation and catering services; education and training; health and social assistance activities; real estate business;

b) Labor and employment service activities; activities of travel agencies, tour businesses and support services, related to the promotion and organization of tours;

c) Creative, artistic and entertainment activities; activities of libraries, archives, museums and other cultural activities; sports and entertainment activities; movie screening activities;

d) Radio and television activities; computer programming, consulting services and other computer-related activities; information service activities;

e) Mining support service activities.

The list of economic sectors mentioned in Clauses 1 and 2 of this Article is determined according to Decision No. 27/2018/QD-TTg dated July 06, 7 of the Prime Minister on promulgating the system of economic sectors in Vietnam.

Economic sub-sectors according to Appendix I issued together with Decision No. 27/2018/QD-TTg include 5 levels and the identification of economic sectors is applied according to the following principles: In case the name of the economic sector is mentioned in Clauses 1 and 2 Clause 1 of this Article belongs to a level 2 industry, the economic sector to which the extension is applied includes all economic sectors of the 3nd, 4rd, 5th, and 1th levels of the level 2 branches; in the case of a level 3 industry, the economic sector to which the extension is applied includes all economic sectors of the 4rd, 5th and 2th levels of the 3nd grade; in the case of a level 4 industry, the economic sector to which the extension is applied includes all economic sectors of the 5th, 3th and 4th levels of the 5rd grade; In the case of a level 4 industry, the economic sector to which the extension is applied includes all economic sectors that fall under the classification XNUMX of the level XNUMX industry.

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

Supporting industry products prioritized for development are determined according to Decree No. 111/2015/ND-CP dated November 03, 11 of the Government on the development of supporting industries; Key mechanical products are identified according to Decision No. 2015/QD-TTg dated March 319, 15 of the Prime Minister approving the Strategy for development of Vietnam's mechanical industry to 3, with a vision to 2018.

4. 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, 8 of the Government detailing a number of articles of the Law on Support for Small and Medium Enterprises.

The economic sector and field of an enterprise, organization, household, business household or individual specified in Clauses 1, 2 and 3 of this Article is the industry or field in which the enterprise, organization, business households, business households and individuals that have production and business activities and generate revenue in 2023 or 2024.

Order and procedures for tax payment extension

1. Taxpayers who directly ｄｅｃｌａｒｅ and pay taxes to the tax authority are eligible for extension and send a request for extension of tax and land rent payment (hereinafter referred to as request for extension) for the first or replacement time. When an error is detected (electronically; send a paper copy directly to the tax authority or send it via postal service) according to the Form in the Appendix issued with this Decree to the directly managing tax authority. one time for all taxes and land rents arising in the extended tax periods at the same time as the time of submitting monthly (or quarterly) tax declarations according to the law on tax administration. In case the extension request is not submitted at the same time as the monthly (or quarterly) tax declaration submission, the deadline for payment is September 30, 9, the tax authority will still extend the tax payment. The land lease of the arising periods is extended before the time of submitting the Extension Application.

In case taxpayers have extended amounts under different management tax authorities, the tax authority directly managing the taxpayer is responsible for transmitting information and sending the request for extension to the managing tax agency. relevant reason.

2. Taxpayers themselves determine and are responsible for requesting extension to ensure the right subjects are eligible for extension according to this Decree. If the taxpayer sends a request for extension to the tax authority after September 30, 9, the payment of taxes and land rent will not be extended according to the provisions of this Decree. In case the taxpayer supplements the tax declaration dossier for the extended tax period, resulting in an increase in the amount payable and sends it to the tax authority before the end of the extended tax payment deadline, the extended tax amount includes including the additional payable amount due to additional declaration. If the taxpayer declares an additional tax declaration for the extended tax period after the extended tax payment deadline expires, the amount payable due to the additional declaration will not be extended.

3. Tax authorities are not required to notify taxpayers of their acceptance of the extension of tax payment and land rent. In case during the extension period, the tax authority has grounds to determine that the taxpayer is not subject to the extension, the tax authority shall send a written notice to the taxpayer of the non-renewal and the taxpayer must pay in full. the amount of tax, land rent and late payment interest during the extension period shall be transferred to the state budget. If, after the extension period expires, through inspection and examination by a competent state agency, it is discovered that the taxpayer is not eligible for the extension to pay tax or land rent as prescribed in this Decree, the taxpayer shall Taxpayers must pay the outstanding tax, fines and late payment interest to the state budget.

4. Late payment interest will not be charged for tax and land rent amounts extended within the extended payment deadline (including cases where the taxpayer sends a request for extension to the tax authority after has submitted a tax declaration according to the provisions of Clause 1 of this Article and in case the competent authority through examination or inspection determines that the taxpayer with the extension has an increased payable amount for the extended tax periods. ). In case the tax authority has calculated late payment interest (if any) for tax dossiers subject to extension as prescribed in this Decree, the tax authority will make adjustments and not calculate late payment interest.

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