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 (Draft Decree), which will be issued under simplified procedure. In this Legal Newsletter, NHQuang&Associates will address some outstanding provisions of the Draft Decree (2nd Draft) as follows:
(i) Subject of application of the Draft Decree;
(ii) Policy on extension of the time limit for payment of tax, land rents, and water surface rents;
(iii) Sequences and procedures to apply for an extension.