Decree 34/2022/ND-CP takes effect from May 28, 2022.

Aiming to support businesses recover production and business, on May 28, 2022, the Government issued Decree 34/2022/ND-CP extending the deadline for value added tax (“VAT”), corporate income tax (“CIT”), personal income tax (“PIT”) and land rent payment for the year 2022.

This Decree has inherited a number of regulations on extending the deadline for paying certain taxes from that in Decree 52/2021/ND-CP. To help businesses and organizations, business households have the general insight on the tax extension regulations for 2022, RSM would like to bring a comparation table about the differences between the provisions of these two Decrees. Specifically:

Subjects	Tax	Decree 52/2021/ND-CP (Year 2021)	Decree 34/2022/ND-CP (Year 2022)
Organizations, businesses	VAT (except VAT at the import stage)	Extend from 3 to 5 months of the deadline of tax payment. • Tax period of March 2021: September 20, 2021; • Tax period of April 2021: October 20, 2021; • Tax period of May 2021: November 20, 2021; • Tax period from June to August 2021: December 20, 2021; • Tax period of the first quarter of 2021: September 30, 2021; • Tax period of the second quarter of 2021: December 31, 2021.	Extend from 3 to 6 months for the deadline of tax payment. · Tax period of March 2022: October 20, 2022; · Tax period of April 2022: November 20, 2022; · Tax period from May to August 2022: December 20, 2022; · Tax period of the first quarter of 2022: October 30, 2022; Tax period of the second quarter of 2022: December 31, 2022.
	CIT	Extend 03 months for the tax amount temporarily paid in Quarter 1, Quarter 2 of the tax period	Extend 03 months for the tax amount temporarily paid in Quarter 1, Quarter 2 of the tax period
Business households, business individuals	VAT & PIT	December 31, 2021	December 30, 2021
Applicable for both subjects above	Land rent	06 months from May 31, 2021	06 months from May 31, 2022 (for 50% of land rent arising in 2022)

In addition, similar to the provisions of Decree 52/2021/ND-CP, in year 2022, to be entitled to extend the tax payment deadline, taxpayers only need to send an official letter on request for extension of tax payment and land rent once for the entire tax and land rental amount arising in the extended tax periods at the same time with the time of submission of monthly/quarterly tax returns in accordance with the law on tax administration. The deadline for submission is September 30, 2022.

Decree 34/2022/ND-CP takes effect from May 28, 2022.

Should you have any concerns during the process of implementing the regulations, please contact us.

DECREE 342022ND-CP_En.pdf

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