On April 19, 2021, the Government issued Decree 52/2021/ND-CP on extension of time limit for payment of value added tax, corporate income tax, personal income tax and land rental in 2021. (“Decree 52“), accordingly, Small and medium-sized enterprises (SMEs) are one of the subjects to be applied Decree 52, specifically as follows:

SMEs are eligible for tax extension according to Decree 52:

– According to Clause 4 Article 2 of Decree 52: SMEs are determined in accordance with the Law on SMEs support No. 04/2017/QH14 and Decree No. 39/2018/ND-CP dated March 11, 2018 of the Government on details of a number of articles of the Law on SMEs Support.

– However, not all SMEs are eligible for tax extension under Decree 52. Specifically, under Clause 1, Article 4 of Decree 52/2021 to be considered for deferred tax under Decree 52. Taxpayers must also: Pay the deferred tax and land rental in full according to the provisions of Decree No. 41/2020/ND-CP and the corresponding arising late payment interest (if any) into the state budget before 30 July 2021. In which, Decree No. 41/2020/ND-CP was issued on April 8, 2020, providing for support enterprises overcome difficulties caused by the Covid-19 pandemic related to deferred tax and land rental to.

Decree 52 takes effect from the signing date, which is April 19, 2021.

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