Notes not to be missed when extending tax payment deadline in 2024

Taxpayers are not subject to penalties and do not have to pay late payment fees calculated on the tax debt amount during the tax payment extension period. Graphics: Phuong Anh

Cases eligible for tax payment extension 2024

Regulations on tax payment extension based on Article 60 of the 2019 Tax Administration Law are as follows:

1. Tax payment extension will be considered based on the taxpayer's request if:

Suffering material damage, directly affecting production and business due to force majeure events specified in Clause 27, Article 3 of the Law on Tax Administration 2019, including: natural disasters, catastrophes, epidemics, fires, unexpected accidents and other force majeure events as prescribed by the Government .

Or have to stop operations due to relocation of production and business facilities at the request of competent authorities, affecting production and business results.

2. Taxpayers who are eligible for tax payment extension as prescribed in Clause 1, Article 62 are entitled to an extension for paying part or all of the tax payable.

3. The tax payment extension period is specified as follows:

No more than 2 years from the date of expiration of tax payment deadline for cases of material damage, directly affecting production and business due to force majeure.

No more than 1 year from the date of expiration of tax payment deadline for cases of having to stop operations and production results being affected due to relocation of production and business establishments at the request of competent authorities.

4. Taxpayers are not subject to penalties and do not have to pay late payment fees calculated on the tax debt amount during the tax payment extension period.

5. The head of the directly managing tax authority shall base on the tax payment extension dossier to decide the amount of tax to be extended and the tax payment extension period.

Notes when preparing tax extension application

Documents and records for tax payment extension are prescribed in Article 64 of the 2019 Tax Administration Law, including:

1. Taxpayers eligible for tax payment extension under the provisions of this Law must prepare and submit tax payment extension dossiers to the directly managing tax authority.

2. Tax payment extension application includes:

A written request for tax payment extension, stating the reason, tax amount, and payment deadline. At the same time, prepare documents proving the reason for tax payment extension.

Source: https://laodong.vn/kinh-doanh/luu-y-khong-nen-bo-qua-khi-gia-han-nop-thue-nam-2024-1310499.ldo