TIME LIMIT FOR PAYMENT OF VAT AMOUNT OF AUGUST 2021 IS EXTENDED FOR FURTHER 3 MONTHS
On April 19, 2021, the Government issues the Decree No. 52/2021/ND-CP on extension of time limits for payment of value-added tax, enterprise income tax, personal income tax and land rental in 2021.
Accordingly, to extend the time limits for payment of the payable value-added tax amount of the tax periods of March, April, May, June, July and August 2021 (in case of making monthly value-added tax declaration) and the tax periods of first and second quarters of 2021 (in case of making quarterly value-added tax declaration) of enterprises and organizations. The extension duration is 05 months for the value-added tax amount of the tax periods of March, April, May and June 2021 and the tax periods of first and second quarters of 2021; 04 months for the value-added tax amount of the tax period of July 2021; and 03 months for the value-added tax amount of the tax period of August 2021.
Enterprises and organizations eligible for extension of tax payment time limits shall make and submit monthly or quarterly value-added tax declarations but are not required to pay the payable value-added tax amounts stated in the value-added tax declarations already filled in.
Besides, the time limit for payment of the payable land rental amounts of the first period of 2021 of enterprises, organizations, business households and individuals that fall into the cases as prescribed and are leased land directly by the State under decisions of, or contracts signed with competent state agencies in the form of annual payment of land rental also is extended for further 06 months, from May 31, 2021.
This Decree takes effect on the signing date.
