Applicable subjects of the extension of payment deadline of Value Added Tax, Corporate Income Tax, Personal Income Tax and land rental fee payment in 2021

In order to strengthen measures to support people as well as production and business activities during the Covid-19 pandemic, on 19 April 2021, the Government released Decree 52/2021/ND-CP on extending the deadline of Value Added Tax, Corporate Income Tax, Personal Income Tax and land rental fee payment in 2021 (“Decree 52”). 

According to Article 2 Decree 52, subjects eligible for the extension of the deadline for paying the above taxes in 2021 include the following:

A. Enterprises, organizations, households and individuals engaged in manufacturing and business activities generating income in 2020 or 2021 in the following industries and fields:

1. Enterprises, organizations, households and individuals engaged in manufacturing activities (determined under Decision No. 27/2018/QD-TTg dated 06 July 2018) as follows:

(a) Agriculture, forestry and fishery;

(b) Food manufacture and processing; weaving; Clothes manufacture; Manufacture of leather and relevant products; Wood processing and manufacture of products from wood, bamboo of various species (except beds, wardrobes, tables, chairs); manufacture of products from straw and plaiting materials; Manufacture of paper and paper-related products; Manufacture of products from rubber and plastic; Manufacture of products from other non-metallic minerals; Metal manufacture; Mechanical processing; Handling and coating metal; manufacture of automobiles and other motor; Manufacture of beds, wardrobes, tables, chairs;

(c) Construction;

(d) Publishing activities; cinematographic activities, television program production, music recording and publishing; 

(e) Exploitation of crude oil and natural gas;

(f) Manufacture of drinks and beverages; printing, record copying of all kinds; production of coke coal, refinement of petroleum products; manufacture of chemical and chemical products; manufacture of prefabricated products (except for machinery and equipment); manufacture of motorbike; business activities of reparation, maintenance and installation of machines and equipment;

(g) Drainage and wastewater treatment activities.

2. Enterprises, organizations, households and individuals engaged in business activities (determined under Decision No. 27/2018/QD-TTg dated 06 July 2018) as follows:

(a) Transportation and warehousing; accommodation and catering services; education and training; health and social assistance activities; real estate business;

(b) Labor and employment service activities; activities of travel agents, tour operators and support services related to advertising and organizing tours;

(c) Composing, artistic and entertainment activities; library activities, conservation, museums and other cultural activities; sports activities, entertainment activities; movies;

(d) Broadcasting activities; computer programming, consulting services and other activities related to computers and information service;

(e) Mining support services.

3. Enterprises, organizations, households and individuals engaged in manufacture of supporting industrial products given priority for development; key mechanical products

Supporting industrial products given priority for development determined under the Decree No. 111/2015/ND-CP dated 03 November 2015 on supporting industrial development; 

Key mechanical products determined under the Decision No. 319/QD-TTg dated 15 March 2018 approving the Strategy for the development of Vietnam’s mechanical industry to 2025, with a vision to 2035.

B. Small and micro enterprises 

Small and micro enterprises determined under Law on Supporting small and medium enterprises 2017 and the Decree No. 39/2018/ND-CP dated 11 March 2018.

C. Credit organizations, foreign bank branches (meeting the conditions for the implementation of solutions to support customers being enterprises, organizations and individuals affected by Covid-19 epidemic in accordance with the regulations by the State Bank of Vietnam.

Notice: The information provided here is for information purposes only. Depending on different times and customers, the above content may no longer be relevant. For any detailed advice, please contact LMP Lawyers.

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