Extending the deadline for payment of land rent for 50% of the land rent due in 2022.

DNHN - Deputy Prime Minister Le Minh Khai has recently signed Decree No. 34/2022/ND-CP extending the deadline for payment of value-added tax, corporate income tax, and personal income tax in 2022. This decree is in force between May 28, 2022, and December 31, 2022.

Extending the deadline for payment of the amount of value-added tax due.

The Decree extends the deadline for tax and land rental payments. Specifically, for value-added tax (other than a value-added tax at the stage of importation), extending the tax payment deadline for the arising value-added tax payable (including the tax allocated to another provincial-level locality where the taxpayer is headquartered, the tax amount to be paid each time it is incurred) of the tax period from March to August 2022 (for the case of monthly VAT declaration) and the tax period of the first quarter, the second quarter, and the third quarter of fiscal year 20.

- The extended term for the amount of value-added tax from March to May 2022 and the first quarter of 2022 is six months.

- The extended term for the amount of value-added tax due in June 2022 and the second quarter of 2022 is five months.

- The extended term for the July 2022 value-added tax amount is four months.

- The extended term for the August 2022 value-added tax amount is three months.

- The extension period commences with the expiration of the deadline for payment of value-added tax under the statute governing tax administration.

 If the taxpayer makes new declarations in the tax declaration dossier of the prolonged tax period, resulting in a rise in the amount of value-added tax due, and submits them to the tax authority before the extended tax payment deadline ends, the tax amount will be increased. The extension includes the additional tax required as a result of the extra declaration.

Enterprises and organizations eligible for the extension are required to declare and submit monthly and quarterly value-added tax declarations in line with existing legislation but have not yet paid the due amount.

The monthly and quarterly deadlines for payment of value-added tax are extended as follows:

- The deadline for payment of value-added tax for the March 2022 tax period is October 20, 2022.

- The payment date for the April 2022 tax period's value-added tax is November 20, 2022.

- The deadline for paying value-added tax for the tax period beginning in May 2022 is December 20, 2022.

- The payment deadline for value-added tax for the June 2022 tax period is December 20, 2022.

- The deadline for payment of value-added tax for the July 2022 tax period is December 20, 2022.

- The deadline for paying value-added tax for the August 2022 tax period is December 20, 2022.

- The deadline for payment of value-added tax for the first-quarter tax period of 2022 is October 30, 2022.

- The deadline for payment of value-added tax for the second-quarter tax period of 2022 is December 31, 2022.

Extending the deadline for temporary corporate income tax payments for the first and second quarters of 2022.

Regarding corporate income tax, extending the tax payment deadline for temporarily paid corporate income tax amounts for the first and second quarters of the corporate income tax period for 2022 for businesses and organizations governed by the aforementioned determination. The extension is three months from the expiration of the deadline for paying corporate income tax under the statute governing tax administration.

If a business or organization with branches or connected units files a separate corporate income tax return with the tax agency controlling the branch or affiliated unit, the branches and affiliated units are likewise subject to the extension of corporate income tax payment.

Extending the deadline for payment of land rent for 50% of the land rent due in 2022.

Extending the time limit for land rental payment for 50 per cent of the originating land rent payable in 2022 by enterprises, organizations, homes, business households and persons that are directly leased land by the State under a decision or contract of a competent state agency. The duration of the extension is six months, from May 31, 2022, to November 30, 2022.

If a firm, organization, business household, or individual undertakes production and commercial operations in several economic sectors, including regulated economic sectors and fields, then: the enterprise or organization is eligible to participate. Business families and individuals are entitled to a complete extension of the value-added tax and personal income tax payable under the terms of this Decree.

If the final day of the extended tax payment deadline falls on a holiday, the last day of the deadline is treated as the first business day after the holiday.

PV