Officially Extending Deadlines For VAT, CIT And PIT In 2023

The Government has just issued Decree 12/2023 extending the deadline for payment of VAT, CIT, PIT and land rent in 2023.

This Decree has effective from the signing date April 14 to December 31, 2023.

- The extension is applicable for the tax period from March to August for monthly declaration of VAT (except VAT on import). For quarterly declaration of VAT, the extension is applicable for the tax period of the 1^st quarter and 2^nd quarter. The extension of VAT is from 3 to 6 months and is counted from the end of the time limit for paying value added tax in accordance with the law on tax administration.

- Specifically, taxpayers still have to make declarations and submit declarations as usual, but have not yet paid.

- The deadline for payment of value added tax for the month and quarter is extended as follows: March tax period is October 20 at the latest; April tax period is November 20 at the latest; Tax period in May, June, July, and August, at the latest on December 20.

- The deadline for paying VAT of the tax period of the first quarter of 2023 is October 31 at the latest; tax period of the second quarter of 2023 at the latest on December 31.

- For corporate income tax, extend the tax payment deadline for the temporarily paid tax amount 1, 2nd quarter of the tax period. The extension period is 3 months from the end of the income tax payment deadline for enterprises in accordance with the law on tax administration.

- For VAT and PIT of businesses, households, and individuals, the payable tax amount arising in 2023 will be extended no later than December 30, 2023.

- For enterprises, organizations, households and individuals specified in Article 3 of this Decree and being directly leased land by the State under a decision or contract of a competent state agency below: In the form of annual land rental payment, the deadline for paying land rent shall be extended for 50% of the arising land rent payable in 2023. The extension period is 6 months from May 31 to November 30.

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