More than 139,000 businesses and individuals have tax payment deadlines extended

By the end of November 2021, the total number of applications for extension the tax office has received is 139,190. Source: Internet

To support people and businesses to overcome the difficulties of the pandemic and accelerate economic recovery, the Government issued Decree No. 52/2021/ND-CP on the implementation of tax extension and land rent in 2021. Accordingly, extending the payable value added tax from March to August 2021, value added tax in the first and second quarters of 2021, corporate income tax which is temporarily paid in the first quarter and second quarter of 2021, land rent extension for the first period of 2021 for affected businesses; extension of value added tax and personal income tax in 2021 for business households and individuals in industries and fields facing difficulties due to the impact of the Covid-19 pandemic.

It is estimated that by the end of November 2021, the total number of applications for extension the tax office has received is 139,190, including 119,708 businesses and organizations and 19,482 business households and individuals. The total amount of tax and land rent to be extended is VND92,825 billion.

According to the General Department of Taxation, this has removed difficulties for businesses in terms of capital to promote production and business activities and generate revenue for the state budget.

According to the General Department of Taxation, the whole tax sector would closely monitor and urge to collect the correct and sufficient amount of the extended tax following Decree No. 52/2021/ND-CP when the extension period expires, avoid arising tax debt and late payment interest, which increases financial difficulties for enterprises.

At the same time, continuing to implement the exemption and reduction of taxes, fees, charges and land rents for businesses and people following the Resolutions and Decrees of the Government and the National Assembly in order to remove and provide timely support for businesses and people. Recovering and promoting production and business, thereby contributing to a sustainable increase in revenue for the state budget.