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. 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):
- 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% 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.
