Deferring tax payment and Exemption of late payment interest

On March 3^rd, 2020 General Department of Taxation issued the Official Letter No. 897/TCT-QLN as guidance on deferring tax payment and exemption of late payment interest due to impact of the Covid-19 epidemic. Accordingly,

1. Deferring tax payment

• Cases in which tax payment deadline may be extended are regulated at Clause 1, Article 31 of Circular No. 156/2013/T-BTC issued by Ministry of Finance:

“a) Property damage caused by natural disasters, conflagrations, or accidents that directly affects the business.”

• Procedure and dossiers of deferring tax payment request are regulated at Clause 3, Article 31 of Circular No. 156/2013/TT-BTC.
• Dossiers of deferring tax payment request would be sent to direct management tax authority.

2. Exemption of late payment interest

• Cases in which late payment interest may be exempted are regulated at Clause 1, Article 35 of Circular No. 156/2013/TT-BTC.
• Dossiers for request exemption of late payment interest are regulated at Clause 3, Article 35 of Circular No. 156/2013/TT-BTC.

Please kindly get the Official Letter for details here.