The government has issued Decree No. 12/2023/ND-CP regarding Tax Deadline Extension for VAT, corporate income tax, personal income tax, and land rental payments in 2023. The specific criteria for eligibility for the extension are stipulated in Article 3 of this Decree.
1. Extension Period for Each Type of Tax
For Value Added Tax (VAT), the extension applies to VAT amounts incurred from March to August 2023 and the first and second quarters of 2023. This provision does not apply to import VAT. The extension period is as follows:
- 6 months for VAT amounts from March to May 2023 and the first quarter of 2023.
- 5 months for VAT amount for June 2023 and the second quarter of 2023.
- 4 months for VAT amount for July 2023.
- 3 months for VAT amount for August 2023.
- The extension period for VAT is calculated from the end of the original VAT payment deadline.
For Corporate Income Tax (CIT), the extension applies to provisional CIT payments for the first and second quarters of 2023. The extension period is 3 months from the end of the original CIT payment deadline.
For VAT and Personal Income Tax (PIT) of business households and individual businesspersons, the extension applies to the tax amounts incurred in 2023. The latest extension deadline is 30 December 2023.
For land rental payments, the extension applies to 50% of the land rental amount incurred in 2023 for lessees who pay annual land rental fees. The extension period is 6 months from 31 May 2023, to 30 November 2023.
2. Procedures for Extension
Taxpayers eligible for the extension must submit an Extension Request Form to the tax authorities. Taxpayers need to declare the entire tax or land rental amount eligible for the extension at once. The deadline for submitting the tax declaration in accordance with regulations is also the deadline for the extended tax payment.
If the Extension Request Form is not submitted at the same time as the tax declaration, the latest submission deadline is September 30, 2023. The tax or land rental amount eligible for the extension will still be extended if submitted before the Extension Request Form’s submission deadline.
About our company:
HMLF is a licensed Law Firm providing legal services to Enterprises. With over 70 years of experience in:
– Finance, Accounting, Tax.
– Industry: Manufacturing, Service, Aviation, Transport, Technology, Finance.
– Helping Customers control transactions from internal legal to international trade. Become the best legal defender for Businesses.
– Try to offer optimal solutions to bring customers satisfaction.
HMLF is always available to offer assistance in understanding the procedures with authorities.
Harley Miller Law Firm “HMLF”
Head office: 14th floor, HM Town building, 412 Nguyen Thi Minh Khai, Ward 05, District 3, Ho Chi Minh City.
Phone number: +84 937215585
Website: hmlf.vn Email: miller@hmlf.vn
