Government extends the VAT and CIT payment deadlines for 2024

On June 17, 2024, the government issued Decree No. 64/2024/ND-CP, extending the deadlines for Value-Added Tax (VAT) and Corporate Income Tax (CIT) payments for 2024.

The decree stipulates the extension of VAT and CIT payment deadlines for the following subjects:

Value-Added Tax (excluding import VAT)

The payment deadline for VAT incurred from May to September 2024 (for monthly declarations) and Q2 to Q3 2024 (for quarterly declarations) is extended for businesses that meet the eligibility criteria. The extension period is calculated from the end of the VAT payment deadline as prescribed by tax law. The details are as follows:

VAT Declaration Period	Original Due Date	Extended Due Date	Extension Period
May 2024	20 June 2024	20 November 2024	5 months
June 2024	20 July 2024	20 December 2024	5 months
July 2024	20 August 2024	20 December 2024	4 months
August 2024	20 September 2024	20 December 2024	3 months
September 2024	20 October 2024	20 December 2024	2 months
Q2 2024	31 July 2024	31 December 2024	5 months
Q3 2024	31 October 2024	31 December 2024	2 months

Eligible businesses must declare and submit their VAT declarations for the month or quarter as per current law, but they are not required to pay the VAT due on the declared VAT declarations.

Corporate Income Tax

The payment deadline for provisional CIT for Q2 2024 is extended by three months for eligible businesses and organizations, starting from the end of the CIT payment deadline as prescribed by tax law.

Eligibility

To benefit from this state support policy and to avoid tax risks, businesses must accurately determine their eligibility for extension as per the regulations and submit their extension request to the competent tax authority before September 30, 2024.

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