Thai Binh Provincial Tax Department supports taxpayers facing difficulties due to natural disasters

Accordingly, support policies include: Exemption from late payment fees: Applicable to cases where taxpayers cannot submit tax declarations on time due to natural disasters. Tax payment extension: Taxpayers whose property is damaged due to natural disasters affecting production and business activities can be granted a maximum extension of 2 years.

Exemption or reduction of taxes such as special consumption tax, resource tax, personal income tax, non- agricultural land use tax... depending on the level of damage.

Headquarters of Thai Binh Provincial Tax Department.

Corporate Income Tax Support: The value of uncompensated losses can be deducted from expenses when calculating corporate income tax. Input VAT deduction: All input VAT on goods lost due to natural disasters that are not compensated will be deducted.

Regarding the application procedure: Taxpayers need to prepare the application according to regulations and submit it directly to the tax authority for consideration and settlement. For further details, please contact: Thai Binh Provincial Tax Department.

Thai Binh Provincial Tax Department calls on relevant agencies and organizations to coordinate so that this information reaches a large number of taxpayers.

Source: https://www.congluan.vn/cuc-thue-tinh-thai-binh-ho-tro-nguoi-nop-thue-gap-kho-khan-do-thien-tai-post312285.html