Decree No. 41/2020/ND-CP extension of time limits for tax and land rental payment

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ATTRIBUTE

Decree No. 41/2020/ND-CP dated April 08, 2020 of the Government on extension of time limits for tax and land rental payment
Issuing body: GovernmentEffective date:
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Official number:41/2020/ND-CPSigner:Nguyen Xuan Phuc
Type:DecreeExpiry date:Updating
Issuing date:08/04/2020Effect status:
Known

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Fields:Land - Housing , Tax - Fee - Charge

SUMMARY

From April 08, enterprises are entitled to extend the time limit for paying taxes and land rent for another 5 months

On April 08, 2020, the Government issues the Decree No. 41/2020/ND-CP on extending time limits for tax and land rental payment.

The extension of time limits for payments of value-added tax, enterprise income tax, personal income tax and land rentals shall be applied to: Enterprises, organizations, households, and individuals engaged in business and production activities; Products of supporting industries prioritized for development; Key mechanical engineering products; Small and super small enterprises; Credit institutions, branches of foreign banks shall conduct measures to support customers being enterprises, organizations and individuals affected by the COVID-19 epidemic.

The extension time shall be 05 months for the payable value-added tax amount arising in the tax period of March, April, May and June 2020 and the tax period of the 1st and the 2nd quarter of 2020. For enterprise income tax, the extension time also is 05 months, applied for the payable enterprise income tax amount in accordance with the tax finalization of the tax period of 2019 and the temporarily paid amount of enterprise income tax for the 1st and the 2nd quarters of the tax period of 2020 of such enterprise.

For value-added tax, personal income tax of business households and individuals, business households and individuals must pay the payable tax amount in 2020 no later than December 31, 2020. Besides, the Government also extends the time limit for paying the land rentals in the first period of 2020 for another 05 months.

Taxpayers eligible for the extension of time limits shall submit their written a request for the extension of time limits for tax and land rental payment by electronic means, or by other appropriate means and at the same time, shall submit their monthly (or quarterly) tax declaration under legal regulations on tax administration – to tax agencies directly in charge of them. In cases where the request for the extension of time limits for tax and land rental payment is not submitted simultaneously with the monthly (or quarterly) tax declaration, the time limit for the submission of such request shall be no later than July 30, 2020.

This Decree shall take effect from the signing date. Taxpayers must themselves determine and take responsibility for the extension request in order to ensure that they are eligible for such extension.

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Effect status: Known
TTXVN

THE GOVERNMENT

 

THE SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness

No. 41/2020/ND-CP

 

Hanoi, April 8, 2020

 

DECREE

On extension of time limits for tax and land rental payment[1]

 

Pursuant to the June 19, 2015 Law on Organization of the Government;

Pursuant to the November 29, 2006 Law on Tax Administration;

Pursuant to the November 20, 2012 Law Amending and Supplementing a Number of Articles of the Law on Tax Administration;

Pursuant to the November 26, 2014 Law Amending and Supplementing a Number of Articles of the Laws on Taxes;

Pursuant to the April 6, 2016 Law Amending and Supplementing a Number of Articles of the Law on Value-Added Tax, the Law on Excise Tax and the Law on Tax Administration;

At the proposal of the Minister of Finance;

The Government promulgates the Decree on extension of time limits for tax and land rental payment.

 

Article 1. Scope of regulation

This Decree provides for the extension of time limits for payment of value-added tax (VAT), enterprise income tax (EIT), personal income tax (PIT) and land rental.

Article 2. Subjects of application

This Decree applies to:

1. Enterprises, organizations, households and individuals conducting production activities in the following economic sectors:

a/ Agriculture, forestry and fisheries;

b/ Foodstuff production or processing; textiles; production of wearing apparel; production of leather and related products; wood processing and production of wood products, bamboo or neohouzeaua (except beds, wardrobes, tables and chairs); production of products from straw, thatch and plaiting materials; production of paper and paper products; production of products from rubber and plastics; production of products from other nonmetallic minerals; metal production; mechanical processing; metal treatment and coating; manufacture of electronic products, computers and optical products; manufacture of automobiles and other motorized vehicles; production of beds, wardrobes, tables and chairs;

c/ Construction.

2. Enterprises, organizations, households and individuals conducting business activities in the following economic sectors:

a/ Transportation and warehousing; accommodation and catering services; education and training; medical and social assistance activities; real estate business;

b/ Labor and employment services; travel agency and tour operation and auxiliary services related to tour promotion and organization;

c/ Creation, art and recreation; library operations, archives, museums and other cultural activities; sports, entertainment and recreation; cinema.

The lists of economic sectors stated in Clauses 1 and 2 of this Article shall be determined according to the Prime Minister’s Decision No. 27/2018/QD-TTg of July 6, 2018, promulgating the system of Vietnam’s economic sectors.

The system of economic sectors prescribed in Appendix I to Decision No. 27/2018/QD-TTg includes 5 grades and economic sectors shall be determined according to the following principles: In case an economic sector prescribed in Clause 1 or 2 of this Article is a grade-1 sector, the provision on extension of payment time limits shall apply to all grade-2, -3, -4 and -5 economic sectors of such grade-1 sector; in case the economic sector is a grade-2 sector, the provision on extension of payment time limits shall apply to all grade-3, -4 and -5 economic sectors of such grade-3 sector; in case the economic sector is a grade-3 sector, the provision on extension of payment time limits shall apply to all grade-4 and -5 economic sectors of such grade-2 sector; in case the economic sector is a grade-4  sector, the provision on extension of payment time limits shall apply to all grade-5 economic sectors of such grade-4 sector.

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[1] Công Báo Nos 365-366 (16/4/2020)

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