On 22 April 2021, Vietnam has issued Decree No. 52/2021/ND-CP providing support for business affected by COVID-19 pandemic. The main tax measures of the Decree are following:
Corporate Income Tax
The Decree provides 3 month deferral of corporate income tax (CIT) payment for the provisional tax payment of 1st quarter and 2nd quarter 2021.
Business households and business individuals
The Decree provides extension of the time limit for VAT for 2020 and personal income tax payment for the 2021 payable tax amount of business households and individuals to 31 December 2021.
Value-added-tax (VAT)
For VAT payment, the decree provides an extension of 5 months applicable for the monthly periods March to June 2021 and the quarterly payments for the first two quarters of 2021.
Land rental fee
Annual land rent fee due on 31 May 2021 will be deferred by 6 months.
Deferral Procedure
For claiming the deferral facilities taxpayers are required to fully pay tax and land rent deferral under the provisions of Decree No. 41/2020/ND-CP and late payment interest to the state budget before 30 July 2021.
