The Vietnamese government issued Decree No. 64/2024/NĐ-CP on 17 Jun 2024, extending the payment deadlines for value added tax (VAT), corporate income tax (CIT), personal income tax (PIT), and land rent in 2024.
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.
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 2023 or 2024.
* Extension of tax payment deadline for VAT payable:
- Tax period May 2024: no later than 20 Nov 2024.
- Tax period Jun – Jul – Aug – Sep 2024: no later than 20 Dec 2024.
- Tax period Q2 – Q3/2024: no later than 31 Dec 2024
* Extension of tax payment deadline for CIT payable:
- Tax period Q2/2024: no later than 30 Oct 2024
* 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 2024
This Decree takes effect from 17 Jun 2024 to the end of 31 Dec 2024.