On 19 April 2021, Vietnam Government issued Decree No. 52/2021/ND-CP ("Decree 52") extending the deadline for payment of value added tax ("VAT"), corporate income tax (“CIT”), personal income tax (“PIT”) and land rental fee in the year 2021. The extended period is from 3 to 6 months. Decree 52 takes effect from the issuance date.
Some key points of Decree 52 are summarized below.
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Obligation to the state
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Extension applicable period
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Extended period
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VAT
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- March – June 2021
- First – Second quarter of 2021
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5 months
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4 months
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3 months
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CIT
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- First – Second quarter of 2021
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3 months
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Land rental fee
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6 months from 31 May 2021
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- For business households and business individuals that pay value added tax and personal income tax, the deadline for 2021 tax payment is 31 December 2021.
- If the end date of the extended period is not working day per regulation, the deadline will be the next working day after that.
- Taxpayer who is eligible for extension submits a one written request for extension, using the Form specified in Decree 52, for all the applicable taxes and periods together with the tax return filing. If the written request is not filed together with monthly (or quarterly) tax declaration dossiers, the deadline for submission is 30 July 2021. The tax authority will still extend the deadline of tax payment for the tax payer prior to the submission of the written request for extension.
For more information, please refer to the Decree 52