The extension of tax and land rent is only applied to the amounts incurred during the period affected by the Covid-19, instead of the previous tax arrears of enterprises.
Enterprises will receive tax payment extension
As for small and super small-sized enterprises, the ministry proposed the Government to approve VAT payment extension without distinguishing the business industries. According to figures by the tax industry, 93 percent of enterprises across the country are small and super small-sized enterprises. Enterprises only need to submit the request for the extension of tax payment and land rent following the form issued with the new regulations to their direct tax administration agency no later than May 31.