Decree No. 12/2023/ND-CP dated April 14th, 2023 of the Government on deferral of deadlines for payment of value-added tax, enterprise income tax, personal income tax and land rents in 2023.

This Decree provides for policy on deferral of deadlines for tax payment in 2023, including value-added tax (VAT), enterprise income tax (EIT), personal income tax (PIT) and land rents.

Accordingly, enterprises, organizations, households, individuals engaging in manufacture in the lines of business regulated at Clauses 1, 2 and 3 Article 3 of this Decree shall be granted the deferral of deadlines for tax payment in 2023.

In which, with regard to VAT, the deferral shall be granted to VAT incurred during the period from March to August 2023 (for monthly declared VAT) and tax periods of the first quarter (Q1) and second quarter (Q2) of 2023 (for quarterly declared VAT). Deferral period shall be from 3 months to 6 months. The details are provided at clause 1 Article 4.

With regard to EIT, the deferral shall be granted to provisional EIT of Q1 and Q2 2023. Deferral period shall be 03 months from the deadline for payment of EIT according to regulations.

With regard to land rents, the deferral shall be granted to 50% of annual land rents payable in 2023. Deferral period shall be 06 months (from May 31st, 2023 to November 30th, 2023.)

Especially, household businesses or individual businesses shall be granted deferral of the entire amount of VAT, PIT payable in 2023 until December 30th, 2023.

This Decree comes into force from the day on which it is signed to the end of December 31st, 2023.