Extension of time limits for paying tax and land rent
VGP - The Government issued Decree 52/2021/ND-CP (“Decree 52/2021”) on extending the deadline for payment of value added tax (VAT), corporate income tax (CIT), personal income tax (PIT) and land rent in 2021 in a bid to provide assistance to businesses, organizations, business households and individuals affected by Covid-19 epidemic.
Question: What are regulations on deadline extension for payment of VAT, CIT, PIT, and land rent in 2021?
Answer:
a. For VAT (except for import VAT)
Extension of the payment deadline for the VAT amounts payable (including the taxes allocated to other localities at the provincial level where the taxpayer is headquartered, the tax amount paid on each time of incurring) during the tax period from March to August 2021 (for the case where VAT declaration is made monthly) and in the tax periods of the first and second quarters of 2021 (for the case where VAT declaration is made quarterly) with respect to enterprises and organizations.
Extension period:
✓ Five months for VAT amounts from March to June 2021 and the first and second quarters of 2021
✓ Four months for VAT amounts of July 2021
✓ Three months for VAT amounts of August 2021
The extension period is counted from the end of the time limit for VAT payment in accordance with the law on tax administration.
b. For CIT
Extension of the payment deadline for the temporarily paid CIT amounts of the first and the second quarters of the CIT period of 2021 with respect to relevant enterprises and organizations.
The extension period is three months from the end of the CIT payment deadline in accordance with the tax administration law.
c. For VAT and personal income tax of business households and individuals
Extension of payment time limits for VAT and PIT amounts payable in 2021 with respect to business households and individuals operating in the economic sectors mentioned in (1) and (2) as above.
Business households and individuals will pay the tax amounts subject to extension no later than 31 December 2021.
d. For land rent
Extension of payment time limits for the land rent payable for the first period of 2021 with respect to relevant enterprises, organizations, business households and individuals to which land is leased directly by the State under a Decision by or Contract with a competent state agency in the form of annual land rent payment.
The extension period is six months from May 31, 2021./.
