At the Government press conference (Photo: VNA)Hanoi (VNA) – The total value of taxes and land lease fees under the Government’s recently-issued decree on the extension of deadlines fortax payment is 115 trillion VND (4.97 billion USD), heard a press conferenceof the Government on May 5.
Minister-Chairman of the Government Office Tran VanSon said Decree No. 52/2021/ND-CP aims to support enterprises, organisations,family businesses and individuals who are affected by the COVID-19 pandemic.
Under the Decree, a five-month extension will be givento value-added tax of the assessment periods of March, April, May, June, thefirst quarter and the second quarter this year. This means the payment of VATof March assessment period will be extended to September.
Timeframe for payment of value-added tax of July andAugust will be extended by four and three months, respectively.
Payment of corporate income tax in the first and secondquarters will be extended by three months, according to the Decree.
A six-month extension will be given to payment of landrent fees, starting from May 31, 2021.
This is the third time the Government has introducedtax and land rent payment deadlines since the first COVID-19 cases reported in Vietnamon January 23, 2020.
Earlier, the Government promulgated Decree No.41/2020/ND-CP dated April 8, 2020 on extension of deadlines for tax and landrent fee payment and Decree No. 109/2020/ND-CP providing the extension of timelimits for excise tax payment for domestically manufactured or assembled cars.
In implementing the two previous Decrees, a total of 184,900dossiers on tax and land lease payment extension were passed with a total sumof 87.3 trillion VND./.
VNA
