Deferral of VAT, PIT, CIT and land rent in 2022

1. Deferral of VAT payment (except VAT paid upon importation of goods)

VAT (including tax distributed to provinces other than the province where the taxpayer’s headquarters are located, tax paid separately upon incurrence) incurred by the enterprises and organizations mentioned in Article 3 of this Decree during the period from March to August of 2022 (in case of monthly tax declaration), the first and second quarter of 2022 (in case of quarterly tax declaration) is eligible for deferral.  In case an enterprise or organization mentioned in Article 3 of this Decree has a branch or affiliated unit that declares VAT separately to its supervisory tax authority, the branch or unit is also eligible for VAT deferral. Branches or affiliated units of the enterprises and organizations mentioned in Clause 1, Clause 2 and Clause 3 Article 3 of this Decree are not eligible for VAT deferral if they operate in economic sectors and business lines that are not eligible for tax deferral.

(*) The deferral period begins from the deadline for VAT payment prescribed by tax administration laws.

In case a taxpayer makes a revision to the tax declaration that results in an increase in the VAT payable and submit the revised tax declaration to the tax authority by the deadline, the VAT amount eligible for deferral will include the increase in VAT payable.

Enterprises and organizations eligible for tax deferral shall submit their monthly or quarterly VAT declarations in accordance with applicable laws and may postpone payment of the VAT declared. Deferral of VAT monthly and quarterly paid VAT:

2. Deferral of CIT payment

CIT declared in the first and second quarters of 2022 by organizations and enterprises specified in Article 3 of this Decree will be deferred for 03 months form the deadline for CIT payment prescribed by tax administration laws. In case an enterprise or organization mentioned in Article 3 of this Decree has a branch or affiliated unit that declares CIT separately to its supervisory tax authority, the branch or unit is also eligible for CIT deferral. Branches or affiliated units of the enterprises and organizations mentioned in Clause 1, Clause 2 and Clause 3 Article 3 of this Decree are not eligible for CIT deferral if they operate in economic sectors and business lines that are not eligible for tax deferral.

3. Deferral of VAT and PIT of household businesses and individual businesses

The deadline for paying VAT and PIT incurred in 2022 by household businesses and individual businesses that operate in the economic sectors and business lines specified in Clause 1, Clause 2 and Clause 3 Article 3 of this Decree will be deferred to 30^th December 2022.

4. Deferral of land rents

Extension of the time limit for land rent payment for 50% of the arising land rent payable in 2022 of enterprises, organizations, households, business households and individuals that are the subjects specified in Article 3 of this Decree directly leased land by the State under a decision or contract of a competent state agency in the form of annual land rental payment. The extension period is 06 months from 31^st May 2022 to 30^th November 2022.

This also applies in case an enterprise, organization, household business or individual is leasing land from the State under more than one decision or contract and operates in multiple economic sectors and business lines including those specified in Clause 1, Clause 2, Clause 3 and Clause 5 Article 3 of this Decree.

5. In case the deferred deadline for tax payment falls on a statutory day off, the deadline will be the day succeeding that day. 

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