Official letter No. 14275/BTC-TCT dated December 15th, 2021 of the Ministry of Finance regarding proposals relating to tax deferral with regard to tax, late payment interests, fines arisen in relation to imports, exports when the pandemic occurs

The Ministry of Finance assumes that the Law on Tax administration No. 38/2019/QH14 regulates the policy on tax deferral, exemption from late payment interests and exemption from fines imposed on tax offences in case enterprises suffer from damages due to epidemic, including exporting/importing enterprises.

The provisions mentioning this issue include:

- Clause 27 Article 3 affirms that “epidemic” belong to force majeure events.

- Clause 8 Article 59 allows the exemption from late payment interests in case taxpayers suffer from damages due to force majeure events;

- Clause 1 Article 62 allows taxpayers to apply for tax deferral in case the taxpayers suffer from damages due to force majeure events;

- Clause 1 Article 140 allows exemption from fines in case taxpayers suffer from damages due to force majeure events.