Extension of deadlines for payment of value added tax, corporate income tax, personal income tax and land rent in 2022

On May 28, 2022, the government promulgated Decree 34/2022/ND-CP on extending the deadline for paying value added tax (VAT), corporate income tax (CIT), personal income tax (PIT), and land rent in 2022.

Accordingly, enterprises, organizations, households, business households, and individuals engaged in production and business activities in the economic sectors specified in Article 3 of Decree 34/2022/ND-CP are entitled to a tax payment extension in 2022, specifically a number of industries such as: agriculture, forestry, and fisheries; food production and processing; weaving; production of costumes; drainage and wastewater treatment...

The extension period is six months with the value-added tax (VAT) amount from March to May 2022 and the first quarter of 2022; The extension period is five months with the VAT amount of June 2022 and the second quarter of 2022; The extension period is 4 months with the VAT amount of July 2022; The extension period is three months with the VAT amount of August 2022.

For corporate income tax (CIT), extending the tax payment deadline with the temporarily paid CIT amount for the first quarter and second quarter of the 2022 CIT calculation period for enterprises and organizations that fall under the regulations; The extension period is three months from the end of the prescribed time limit for CIT payment.

For land rent, extend the time limit for paying land rent for 50% of the arising land rent payable in the first period of 2022 for enterprises, organizations, business households, and individuals specified in Article 3. This decree is being directly leased by the State under a Decision or Contract of a Competent State agency in the form of an annual land rental payment. The extension period is six months from May 31, 2022, to November 30, 2022.

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

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