What Businesses Need to Know When Extending Tax Filing In 2024

In 2024, if your business is facing difficulties in tax filing due to the challenging situation of the company, don't worry! Viet-Aus Audit has compiled extremely useful information on the regulations for tax extension in 2024, helping businesses have a clearer understanding of the procedures and documents to prepare:

1. Tax Filing Extension Regulations:

Based on Article 62 of the Tax Administration Law 2019, it regulates tax filing extension in 2024.

Extensions are considered based on the taxpayer's request in cases such as natural disasters, calamities, epidemics, fires, sudden accidents, or the necessity to relocate production or business facilities.

The extension period is not more than 2 years for damage cases and not more than 1 year for relocation cases.

2. Special Cases of Tax Filing Extension:

According to Article 63 of the Tax Administration Law 2019, the Government decides on tax filing extension for specific subjects, industries, or business sectors facing particular difficulties.

The extension does not affect the state budget estimate.

3. Documentation for Tax Filing Extension in 2024:

Documentation includes the request letter, damage confirmation documents, and relevant certificates.

For natural disasters, calamities, epidemics: A request letter, confirmation documents regarding the time and location of the event, and determination of damage value are required.

For other force majeure events: It includes documents proving the cause and subjective responsibility, confirmation of the cessation of activities.

For facility relocation: A decision from the state agency and the relocation plan are necessary.

4. Determining the Extended Tax Amount in 2024:

The amount for tax filing extension is determined based on Article 24 of Circular 80/2021/TT-BTC.

For natural disasters, calamities, epidemics: The amount does not exceed the damage value minus insured amounts.

For other force majeure events: Determined based on the damage value after deducting insurance amounts.

Đối với di dời cơ sở: Số tiền không vượt quá chi phí di dời và thiệt hại do di dời gây ra sau khi trừ hỗ trợ và đền bù thiệt hại.

Lưu Ý Quan Trọng:

Người nộp thuế không bị phạt và không chịu tiền chậm nộp trong thời gian gia hạn.

Quyết định về số tiền và thời gian gia hạn do thủ trưởng cơ quan quản lý thuế xác định trực tiếp từ hồ sơ gia hạn nộp thuế.

Viet Australia
Viet Australia Auditing Company is an independent auditing organization licensed and established in 2007 in the Socialist Republic of Vietnam.