Official extension of tax payment, land rent in 2022

Deputy Prime Minister Le Minh Khai has just signed and promulgated Decree 34/2022/ND-CP extending the deadline for paying value added tax (VAT), corporate income tax, personal income tax and land rent in the year. 2022

The Decree takes effect from May 28 to the end of 2022. Subjects eligible for tax payment extension include: enterprises, organizations, households, business households, and individuals engaged in agricultural and forestry production activities and Seafood; build; publishing activities; warehouse transportation; Lodging; education and training; medical; real estate business; Credit institutions implement solutions to support customers affected by the Covid-19 epidemic according to regulations of the State Bank of Vietnam…

Tax transaction at a tax branch – Illustration

Decree 34/2022/ND-CP extending the tax payment deadline for the payable VAT amount of the tax period from March to August 2022 (for the case of monthly VAT declaration) and tax calculation of the first quarter, the second quarter of 2022 (for the case of quarterly VAT declaration) of enterprises and organizations.

The extension period is 6 months for the VAT amount from March to May 2022 and the first quarter of 2022, the extension period is 5 months for the VAT amount of June 2022 and the second quarter of 2022. extension period of 4 months for the VAT amount of July 2022, the extension time is 3 months for the VAT amount of August 2022.

At the same time, Decree 34/2022/ND-CP decides to extend the deadline for paying temporary corporate income tax for the first quarter and second quarter of 2022, the extension is 3 months.

This Decree also extends the deadline for paying land rent for 50% of the arising land rent payable in 2022, the extension period is 6 months from May 31 to November 30.

In case an enterprise, organization, business household or individual conducts business in many different lines of business, including economic sectors and fields according to regulations, the entire VAT and corporate income tax amounts may be extended. must turn in; Business households and individuals are entitled to a full extension of VAT and personal income tax payable under the guidance in Decree 34/2022/ND-CP.

Many businesses and business households assess that the Government’s extension of the deadline for paying VAT, corporate income tax, personal income tax and land rent in 2022 will continue to support financial strength and reduce reduce difficulties for taxpayers before the negative impact of the Covid-19 epidemic. This is also consistent with the common context of many countries around the world in providing solutions to remove difficulties for businesses most severely affected by the epidemic.

Thy Tho