Vietnam: Extension of payment deadline for taxes and land rent in 2022

The Vietnamese government issued Decree No. 34/2022/ND-CP on 28 May 2022, extending the payment deadlines for value added tax (VAT), corporate income tax (CIT), personal income tax (PIT), and land rent in 2022.

Extended objects include:

  • Enterprises, organizations, households, business households and individuals engaged in production and business activities in the economic sectors specified in this Decree in detail.
  • Enterprises, organizations, households, business households and individuals engaged in production of supporting industry products prioritized for development; key mechanical products.
  • Small and micro enterprises defined by the provisions of the Law on Supporting Small and Medium Enterprises, which was enacted in 2017, and the Government’s Decree No. 80/2021/ND-CP, dated 26 Aug 2021, which detailed a number of articles of the Law on Supporting Small and Medium Enterprises.
  • Credit institutions and international bank branches, in accordance with State Bank of Vietnam regulations, develop measures to assist clients who are businesses, organizations, or individuals affected by the COVID-19 pandemic.

The above-mentioned economic sectors and fields of businesses, organizations, households, business households, and individuals are the sectors and fields in which enterprises, organizations, households, and business households operate and generate revenue in 2021 or 2022.

* Extension of tax payment deadline for VAT payable:

  • Tax period March 2022: no later than October 20, 2022.
  • Tax period April 2022: no later than November 20, 2022.
  • Tax period May 2022: no later than December 20, 2022
  • Tax period June 2022: no later than December 20, 2022
  • Tax period July 2022: no later than December 20, 2022
  • Tax period August 2022: no later than December 20, 2022
  • Tax period Q1 2022: no later than October 30, 2022
  • Tax period Q2 2022: no later than December 31, 2022

* Extension of tax payment deadline for CIT payable:

  • Tax period Q1 2022: no later than July 30, 2022
  • Tax period Q2 2022: no later than October 30, 2022

* Extension of tax payment deadline for 50% of land rent payable
* Extension of tax payment deadline for PIT payable of business households and individuals in 2022

This Decree takes effect from 28 May 2022 to the end of 31 Dec 2022.