Extending the deadline for payment of VAT, CIT, PIT and land rental fee in 2023
The Vietnam Government has recently issued Decree No. 12/2023/ND-CP on extending the deadline for payment of Value Added Tax (“VAT”), Corporate Income Tax (“CIT”), Personal Income Tax (“PIT”), and land rental fee in 2023. The decree came into effect on 14 Apr 2023 and shall expire on 01 January 2023.
The Decree is providing regulations on the applicable subjects, extension time, applicable period, and extension procedure as follows:
Extension for payment of VAT liabilities for tax periods from Mar to Aug 2023, and for tax periods of Quarter I, and Quarter II 2023 of the enterprises, and organizations mentioned as in Article 3, Decree 12/2023/ND-CP;
The deadline for payment of monthly/quarterly VAT liabilities is extended below:
| Tax type and period | Regulated Deadline for payment | Extended deadline for payment |
| VAT Mar 2023 | 20 Apr 2023 | 20 Oct 2023 |
| VAT Apr 2023 | 20 May 2023 | 20 Nov 2023 |
| VAT May 2023 | 20 Jun 2023 | 20 Dec 2023 |
| VAT Jun 2023 | 20 Jul 2023 | 20 Dec 2023 |
| VAT Jul 2023 | 20 Aug 2023 | 20 Dec 2023 |
| VAT Aug 2023 | 20 Sept 2023 | 20 Dec 2023 |
| VAT Quarter I, 2023 | 30 Apr 2023 | 31 Oct 2023 |
| VAT Quarter II, 2023 | 31 Jul 2023 | 31 Dec 2023 |
(*) Note that the above regulation is not applicable to VAT payment at the import stage.
Extension for payment of provisional CIT liabilities for tax periods of Quarter I and Quarter II, 2023 of the enterprises, and organizations mentioned at in Article 3, Decree 12/2023/ND-CP. The extension is 3 months from the CIT payment deadline as prescribed by the tax administration law.
Extension for payment of VAT and PIT for payable tax amounts arising in 2023 of business households and individuals operating in the economic sectors and fields mentioned in Clauses 1, 2 and 2. 3 Article 3 Decree 12/2023/ND-CP;
Extension for land rental fee: The deadline for payment of 50% of rental fees for the year 2023 of enterprises, organizations, business households, or individuals directly leasing land from the State, under a Decision or Contract made by a competent regulatory authority, in the form of annual rental payment shall be extended with the duration of 6-month from 31 May to 30 Nov 2023.
The details could be found in Decree 12/2023/ND-CP, effective from Apr 14, 2023 to the end of Dec 31, 2023.