Decree No. 52/2021/ND-CP on extension of time limits for payment of value added tax corporate income tax in 2021
Time limit for payment of VAT amount of August 2021 is extended for further 3 months
On April 19, 2021, the Government issues the Decree No. 52/2021/ND-CP on extension of time limits for payment of value-added tax, enterprise income tax, personal income tax and land rental in 2021.
Accordingly, to extend the time limits for payment of the payable value-added tax amount of the tax periods of March, April, May, June, July and August 2021 (in case of making monthly value-added tax declaration) and the tax periods of first and second quarters of 2021 (in case of making quarterly value-added tax declaration) of the enterprises and organizations. The extension duration is 05 months for the value-added tax amount of the tax periods of March, April, May and June 2021 and the tax periods of first and second quarters of 2021; 04 months for the value-added tax amount of the tax period of July 2021; and 03 months for the value-added tax amount of the tax period of August 2021.
Enterprises and organizations eligible for extension of tax payment time limits shall make and submit monthly or quarterly value-added tax declarations but are not required to pay the payable value-added tax amounts stated in the value-added tax declarations already filled in.
Besides, the time limit for payment of the payable land rental amounts of the first period of 2021 of enterprises, organizations, business households and individuals that fall into the cases as prescribed and are leased land directly by the State under decisions of or contracts signed with competent state agencies in the form of annual payment of land rental also is extended for further 06 months, from May 31, 2021.
This Decree takes effect on the signing date.
For further details of the Decree 52/2021/ND-CP, Click here
translation of the Official Gazette of the Vietnam News Agency
THE SOCIALIST REPUBLIC OF VIETNAM
Hanoi, April 19, 2021
On extension of time limits for payment of value-added tax, enterprise income tax, personal income tax, and land rental in 2021
Pursuant to the June 19, 2015 Law on Organization of the Government; and the November 22, 2019 Law Amending and Supplementing a Number of Articles of the Law on Organization of the Government and the Law on Organization of the Local Administration;
Pursuant to the June 13, 2019 Law on Tax Administration;
At the proposal of the Minister of Finance;
The Government promulgates the Decree on extension of time limits for payment of value-added tax, enterprise income tax, personal income tax, and land rental in 2021.
Article 1. Scope of regulation
This Decree prescribes 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, business households, and individuals engaged in production activities in the following economic sectors:
a/ Agriculture, forestry and fisheries;
b/ Foodstuff production or processing; textile; production of wearing apparel; production of leather and related products; timber processing and production of products from timber, bamboo, and 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 non-metallic minerals; metal production; mechanical processing; metal treatment and coating; manufacture of electronic products, computers and optical products; manufacture of automobiles and other motor vehicles; production of beds, wardrobes, tables and chairs;
d/ Publishing; cinematography, production of television programs, and music recording and publishing;
dd/ Exploitation of crude oil and natural gas (except EIT on crude oil, condensate, and natural gas collected under treaties or contracts);
e/ Beverage production; printing and reproduction of recordings of all types; production of coke and refined petroleum products; production of chemicals and chemical products; manufacture of products from precast metals (except machinery and equipment); manufacture of motorcycles and motorbikes; repair, maintenance and installation of machinery and equipment;
g/ Water drainage and wastewater treatment.
2. Enterprises, organizations, business households and individuals conducting business activities in the following economic sectors:
a/ Transportation and warehousing; accommodation and catering services; education and training; health and social assistance activities; real estate business;