Global Daily Tax News, Vietnam Expected To Extend Tax Payment Deadlines Again, (Jun 7, 2024)

The Vietnamese Government has prepared a draft Decree to extend value-added tax, corporate income tax, and personal income tax payment deadlines again this year.

The Decree would reportedly repeat concessions offered in 2023, when taxpayers were allowed an extra six months to pay tax due for the period January to May 2023 or the first quarter of 2023, as well as a five-month extension for VAT due in June 2023 and the second quarter of 2023, beginning from the date on which the payment is required.

Further, businesses were afforded a three-month extension for corporate tax payments, for amounts due in the first and second quarters of 2023.

Meanwhile, a December 30 deadline was established for VAT and individual income tax due from individuals, household businesses, and sole traders.