On April 8th, 2020, in order to support businesses suffering from the Covid-19 epidemic, Government issued Decree No. 41/2020 / NĐ-CP ("Decree 41") providing for extension of deadline for value-added tax (“VAT”), corporate income tax (“CIT”), personal income tax (“PIT”) and land lease fee payments, and the Decree took effect immediately.
1. Regulated entities: including businesses, groups of individuals and households engaged in production and business activities in the fields of agriculture, forestry, fishery, food processing, textile, garment, leather production and wood processing, rail transport, accommodation services, catering services, tourist services ..., small and micro- sized enterprises.
2. Extension of deadline for tax and land rental fee payments
3. Extension procedures