Headlines 30/06/2022 10:17 SA

General Department of Taxation of Vietnam implements Decree No. 34/2022/ND-CP on tax deferral

Quý Tân

On June 23, 2022, the General Department of Taxation of Vietnam promulgated Official Dispatch No. 2194/TCT-KK on implementation of Decree No. 34/2022/ND-CP on tax deferral.

According to Official Dispatch No. 2194/TCT-KK, the deferral period of taxes according to Decree No. 34/2022/ND-CP is guided as follows:

VAT payable (including VAT distributed to provinces other than the province in which the taxpayer is headquartered and separately incurred VAT) of enterprises and organizations prescribed in Article 3 of Decree No. 34/2022/ND-CP:

+ The tax period from March to August (for monthly declared VAT) and;

+ The first quarter and second quarter of 2022 (for quarterly declared VAT).

The deferral period begins from the deadline for payment of VAT prescribed by regulations of the Law on Tax Administration of Vietnam, specifically:

+ 6 months for VAT incurred during the period from March to May, 2022 and the first quarter of 2022;

+ 5 months for VAT incurred during June 2022 and the second quarter of 2022;

+ 4 months for VAT incurred during July 2022;

+ 3 months for VAT incurred during August 2022;  

- Corporate income tax (CIT): the deferral period shall be 3 months from the deadline for payment of CIT according to regulations of the Law on Tax Administration of Vietnam regarding the provisional CIT during the tax period of the first quarter and second quarter of 2022.

- VAT and personal income tax (PIT) payable by household businesses and individual businesses in 2022 of household businesses and individual businesses operating in business lines specified in Clauses 1, 2, 3 Article 3 of Decree No. 34/2022/ND-CP: the deferred tax shall be paid by December 30, 2022.

See more details in Official Dispatch No. 2194/TCT-KK dated June 23, 2022.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMES

341

More headlines

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: info@ThuVienPhapLuat.vn

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status