Extension of the deadline for Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT), and land rent payments for 2023.

The Government has issued Decree No. 12/2023/ND-CP, which officially takes effect from April 14, 2023, until December 31, 2023, regarding the extension of the deadlines for Value Added Tax (VAT), Corporate Income Tax (CIT), Personal Income Tax (PIT), and land rental payments for 2023, as follows:

For VAT (excluding import VAT):The deadline for VAT payments is extended for VAT arising that must be paid (including VAT allocated to other provincial localities where the taxpayer’s head office is located, and VAT paid for each occurrence) for tax periods from March to August 2023 (for monthly VAT filers) and the first and second quarters of 2023 (for quarterly VAT filers) of enterprises and organizations under the extended deadline provisions of Article 3 of this Decree. Specifically:

• The extension period is 6 months for VAT from March to May 2023 and the first quarter of 2023.

• The extension period is 5 months for VAT from June 2023 and the second quarter of 2023.

• The extension period is 4 months for VAT from July 2023.

• The extension period is 3 months for VAT from August 2023.

The extension period is calculated from the date of the original VAT payment deadline according to the regulations on tax administration.

For CIT:The deadline for provisional CIT payments for the first and second quarters of the CIT tax period in 2023 is extended for enterprises and organizations under the provisions of Article 3 of this Decree.

The extension period is 3 months, starting from the date the CIT payment deadline ends, according to the regulations on tax administration.

For VAT and PIT for business households and individuals:The deadline for VAT and PIT payments for amounts owed arising in 2023 by business households and individuals within the scope of the extension under Article 3 of this Decree is extended.

Business households and individual businesses must pay the extended tax by December 30, 2023, at the latest.

For land rental payments:The deadline for land rental payments is extended for 50% of the land rental amounts owed for 2023 by enterprises, organizations, households, and individual businesses that are directly leased land by the State under decisions or contracts by competent state agencies in the form of annual land rental payments.

The extension period is 6 months, from May 31, 2023, to November 30, 2023.