Businesses, organizations and individuals continue to receive support for tax payment extension in 2022

Illustrative photo.

Specifically, the Decree stipulates a six-month extension for VAT from March to May 2022 and the first quarter of 2022, five-month extension for VAT in June 2022 and Q2 2022, four-month extension for VAT in July 2022, and 3-month extension for VAT in August 2022.

For corporate income tax (CIT), extension of the tax payment that enterprises have to pay temporarily for the second and third quarters of 2022 is three months.

As for business households and individuals, the extension of VAT and PIT in 2022 is no later than December 31, 2022. 

In addition, the Government also agreed a six-month extension for the payment of fees for leasing land and water surface in 2022, starting from May 31, 2022 to November 30, 2022.

This is the fourth time the Government decided to extend the payment deadline of taxes and land rental fees for businesses and people affected by the pandemic, estimated to be worth up to VND54 trillion (US$2.32 billion).

Earlier, the Government also continued extending the deadline for excise tax payment for domestically-manufactured and assembled cars./.

Decree 34 shall take effect from the date of issuance to December 31, 2022.