In the draft, the Ministry of Finance proposed the scope of the policy to extend the deadline for payment of value added tax, corporate income tax, personal income tax and land rent as in Decree No. 64/2024/ND-CP.

Specifically, for value-added tax , the Ministry of Finance proposed a 6-month extension for value-added tax (VAT) payments for February, March 2025 and the first quarter of 2025; a 5-month extension for VAT payments for April, May, June 2025 and the second quarter of 2025.

According to the Ministry of Finance, if the above plan is implemented, the total VAT amount will be extended by about VND 62,000 billion. However, the state budget revenue in 2025 will not decrease because enterprises must pay to the state budget no later than December 31, 2025.

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Ministry of Finance proposes to extend tax and land rent payment deadline in 2025

In addition, regarding corporate income tax , the Ministry of Finance proposed a 5-month extension for the provisional corporate income tax payment of the first and second quarters of the 2025 corporate income tax period.

According to the above plan, it is estimated that the amount of corporate income tax provisionally paid in the first and second quarters of the 2025 corporate income tax period will be extended to about VND 36,000 billion.

For business households and individual businesses , to remove difficulties for business households and individual businesses, the Ministry of Finance proposes: Extending the deadline for payment of value added tax and personal income tax for the tax amount payable in 2025 by business households and individual businesses. Business households and individual businesses must pay the extended tax amount in this clause no later than December 31, 2025.

The tax amount for business households and individuals that is extended is about 350 billion VND. However, the state budget revenue for 2025 will not decrease because business households and individuals must pay no later than December 31, 2025.

Regarding land rent , the Ministry of Finance proposes to extend the deadline for paying land rent for 50% of the land rent payable in 2025 by enterprises, organizations, households, and individual business households subject to regulations. The extension period is 6 months from May 31, 2025.

It is expected that the land rent will be extended by about 3,600 billion VND, but the state budget revenue in 2025 will not decrease.

According to the Ministry of Finance, the total estimated tax amount extended according to the policies in this draft decree is nearly 102,000 billion VND.

The Ministry of Finance has responded to the proposal to extend the implementation period of the policy of reducing value added tax (VAT) by 2% and reducing land rent by 30% by voters of Dong Thap and Hung Yen provinces.