Points to know about the 2021 tax grace policy
Official Dispatch No. 1495/TCT-KK [3] dated May 13, 2021 of the General Department of Taxation on organizing the implementation of Decree No. 52/2021/ND-CP [4] (14 pages)
In order to help businesses clearly understand the policy and promptly carry out tax grace procedures in 2021, the General Department of Taxation has requested the Provincial Tax Departments to organize extensive dissemination to all businesses and business households about the scope and subjects. Statue, grace period and procedures for tax grace in 2021.
In particular, the General Department of Taxation has requested clear guidance on new points of the tax grace policy in 2021 compared to 2020, such as:
- New industries and fields will enjoy the tax grace policy from 2021 (stated in points d, dd, e, g, clause 1 and points d, dd, clause 2, Article 1 of Decree 52/2021/ND-CP [4] ).
- Grace period for each tax: 5 months (for VAT incurred from March - June 2021); 4 months (for July VAT amount); 3 months (for the VAT amount of August and the corporate income tax amount of the first and second quarters); 6 months (for rental amount
land must be paid in the first period of 2021).
- Only enjoy the 2021 tax grace policy after paying the 2020 tax grace period.
- Deadline for submitting tax grace application is July 30, 2021. How to prepare and declare information, see attached Appendix 1.