Legal document newsletter week 20/06/2024
THE GOVERNMENT EXTENDS THE PAYMENT OF VALUE ADDED TAX, CORPORATE INCOME TAX, PERSONAL INCOME TAX AND LAND RENTAL IN 2024
On June 17, 2024 , the Government issued Decree No. 64//2024/ND-CP (Decree 64) extending the deadline for paying value added tax (VAT) and corporate income tax (CIT) . ) , personal income tax (PIT) and land rent in 2024.
1. VAT (except VAT on import)
The Government extends the tax payment deadline for the arising VAT amount to be paid (including the tax amount allocated to other provincial localities where the taxpayer is headquartered, and the tax amount payable each time it arises). ) of the tax period from May to September 2024 (in case of monthly VAT declaration ) and the tax period of the second quarter of 2024, third quarter of 2024 (in the case of quarterly VAT declaration) of businesses and organizations eligible for extension.
The extension period is 05 months for the VAT amount of May 2024, June 2024 and the second quarter of 2024, the extension period is 04 months for the VAT amount of July 2024, the extension period is 03 months for the VAT amount of August 2024, the extension period is 02 months for the VAT amount of September 2024 and the third quarter of 2024. The extension period is calculated from the end date of the payment deadline. VAT according to the provisions of law on tax administration.
Enterprises and organizations are eligible for an extension to declare and submit monthly and quarterly VAT declarations according to current law, but do not have to pay the VAT payable arising on the VAT declaration . Declared.
2. For corporate income tax
Extending the tax payment deadline for temporarily paid CIT amounts of the second quarter of the 2024 CIT period of enterprises and organizations subject to the extension.
The extension period is 03 months from the end of the CIT payment deadline according to the provisions of law on tax administration.
3. For VAT and personal income tax of business households and individual businesses
Extending the deadline for paying VAT and personal income tax for tax amounts payable arising in 2024 of business households and individuals operating in economic sectors and fields subject to the extension.
Business households and individuals must pay the tax amount extended in this clause no later than December 30, 2024.
4. For land rent
Extending the land rent payment deadline for 50% of the land rent payable in 2024 (the amount payable in the second period of 2024) of enterprises, organizations, households, and individuals eligible for this extension. The land is being leased directly by the State according to a Decision or Contract of a competent state agency in the form of annual land rental payment.
The extension period is 02 months from October 31, 2024.
This Decree takes effect from the date of signing until December 31, 2024.