Sharing Knowledge - Inspiring Passion - Promoting Jurisprudence
After more than 15 years of implementation, certain provisions of the applicable Law on Corporate Income Tax have shown inadequacies and are no longer suitable for the current economic context. Consequently, the Ministry of Finance has developed a project dossier of the Law on Corporate Income Tax (amended).
On June 17, 2024, the Government issued Decree 64/2024/ND-CP regulating the extension of the deadline for paying value-added tax, corporate income tax, personal income tax, and land rent in 2024. Decree 64 includes some typical contents for several individuals and businesses engaged in production and business activities in Viet Nam.
On April 14, 2023, the Government promulgated Decree 12/2023/ND-CP on extending the deadline for payment of value added tax, corporate income tax, personal income tax, and land rent for 2023 to support people, enterprises, promote production and business. Decree 12 takes effect from April 14, 2023 until the end of December 31, 2023.
In the context of on-going complicated and unpredicable development of the Covid-19 pandemic, which adversely impacts several businesses, the Government is developing a Draft Decree on extension of the time limit to pay value added tax, corporate income tax, personal income tax, land rents and water surface rents in 2022, which will be issued under simplified procedure. Some outstanding provisions of the Draft Decree (2nd Draft) are addressed in this article.
Hà Nội – TP. Hồ Chí Minh © 2024 NHQuang&Associates
Email: contact@nhquang.com