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“). The following will be the things that the enterprises should be considered when carrying out procedures to request VAT payment extension according to Decree 52.

1. Time to be extended for VAT payment: It is 5 months from March to June 2021; quarter 1 and quarter 2, 2021. It is 04 months for the VAT of July 2021. It is 03 months for the VAT of August 2021.

      2.  Payment method: Only send once to the directly managed tax agency for all periods of the extended taxes.

3. Method of implementation: taxpayers are allowed to choose as follows:

– Taxpayers apply electronically to the web portal of tax authorities.

– Taxpayers apply directly or by post to the tax authorities.

4. Time of implementation: At the same time as time of filing monthly tax declaration (or quarterly).

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

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