The Vietnam government released Decree No. 64/2024/ND-CP on 17 June 2024, outlining extensions to tax payment deadlines for various taxes including individual income tax, VAT, corporate income tax, and land rental taxes in 2024.Ā Ā The decree outlines the following expansions:
Individual income tax: Individual income tax and VAT for business households for 2024 are extended to 30 December 2024
Value-added tax (VAT):Ā
- May, June, and the second quarter of 2024: 5 months from the statutory deadline.
- July 2024: 4 months from the statutory deadline.
- August 2024: 3 months from the statutory deadline.
- September and the third quarter of 2024: 2 months from the statutory deadline.
The specific deadlines are as follows:
- May VAT payment deadline extended to no later than 20 November 2024.
- June, July, August, and September VAT payment deadlines extended to no later than 20 December 2024.
- Second quarter and third quarter VAT payment deadlines extended to no later than 31 December 2024.
Corporate income tax: The deadline for corporate income tax for the second quarter of 2024 is extended by three months from the statutory deadline.
Land rental tax deadline: The deadline for 50%Ā of 2024 land rent payments has been extended from 31 October 2024 to 31 December 2024.
The decree became effective on 17 June 2024 and remains valid until 31 December 2024.