Vietnam issued Decree 34 extending the deadline for CIT, PIT, VAT, and land rental payments for 2022. The Decree is in effect until December 31, 2022.
The government issued Decree 34 to help businesses and individuals recover from post-pandemic effects and aid business recovery. Vietnam Briefing describes the tax incentives and how businesses can avail them.
To aid business recovery, Vietnam issued Decree 34/2022/ND-CP on extending the deadline for corporate income tax (CIT), personal income tax (PIT), value-added tax (VAT), and land rental fees for 2022. Decree 34 applies to business activities that have generated revenue in 2021 or 2022. The Decree took effect on May 28 and is valid until December 31, 2022. Decree 34 is similar to Decree 52 last year, which catered to businesses affected by the pandemic.
The Decree applies to companies, individuals, and businesses households…
