Are crude oil kết quả bóng đá trực tiếp natural gas mining enterprises eligible for an deadline extension on VAT payment in Vietnam in 2024?

Are crude oil kết quả bóng đá trực tiếp natural gas mining enterprises eligible for an deadline extension on VAT payment in Vietnam in 2024?

Per Article 3 ofDecree No. 64/2024/ND-CP, the following regulations apply:

Eligible Entities

1. Enterprises, organizations, households, business households, kết quả bóng đá trực tiếp individuals engaged in production activities in the following economic sectors:

a) Agriculture, forestry, kết quả bóng đá trực tiếp fishery;

b) Food production kết quả bóng đá trực tiếp processing; textile; garment production; leather production kết quả bóng đá trực tiếp related products; wood processing kết quả bóng đá trực tiếp production of wood, bamboo, kết quả bóng đá trực tiếp rattan products (excluding beds, cabinets, tables, chairs); production of products from straw, thatch, kết quả bóng đá trực tiếp woven materials; paper manufacturing kết quả bóng đá trực tiếp paper products; production of rubber kết quả bóng đá trực tiếp plastic products; production of non-metallic mineral products; metal production; mechanical processing; metal treatment kết quả bóng đá trực tiếp coating; production of electronic products, computers, kết quả bóng đá trực tiếp optical products; car manufacturing kết quả bóng đá trực tiếp other motor vehicle production; production of beds, cabinets, tables, chairs;

c) Construction;

d) Publishing activities; film production, television program production, sound recording, kết quả bóng đá trực tiếp music publishing;

dd) Mining of crude oil kết quả bóng đá trực tiếp natural gas (excluding corporate income tax for crude oil, condensate, kết quả bóng đá trực tiếp natural gas collected under agreements, contracts);

e) Beverage production; printing kết quả bóng đá trực tiếp replication of all types of recordings; production of coke, refined petroleum products; production of chemicals kết quả bóng đá trực tiếp chemical products; production of fabricated metal products (excluding machinery, equipment); motorcycle kết quả bóng đá trực tiếp motorbike production; maintenance kết quả bóng đá trực tiếp installation of machinery kết quả bóng đá trực tiếp equipment;

g) Wastewater drainage kết quả bóng đá trực tiếp treatment.

...

Enterprises involved in the mining of crude oil kết quả bóng đá trực tiếp natural gas are eligible for a VAT payment deadline extension in 2024.

Note:Nghị định 64/2024/NĐ-CP vềbecomes ineffective from January 1, 2025.

Are crude oil kết quả bóng đá trực tiếp natural gas mining enterprises eligible for a VAT payment deadline extension in Vietnamin 2024? (Image from Internet)

What are procedures forthe VAT payment deadline extension for crude oil kết quả bóng đá trực tiếp natural gas mining enterprisesin Vietnam in 2024?

Article 4 ofDecree No. 64/2024/ND-CPregulates the implementation of the VAT payment deadline extension for crude oil kết quả bóng đá trực tiếp natural gas mining enterprises in 2024 as follows:

For value-added tax (excluding value-added tax on imports):

- Extend the tax payment deadlines for VAT amounts that are due (including amounts allocated to other provincial levels where the taxpayer's head office is located, amounts paid on a per-occurrence basis) for the tax periods from May to September 2024 (for monthly VAT declarations) kết quả bóng đá trực tiếp the second quarter of 2024, third quarter of 2024 (for quarterly VAT declarations) of enterprises kết quả bóng đá trực tiếp organizations as mentioned in Article 3 ofDecree No. 64/2024/ND-CP.

- The deadline extension period is 5 months for VAT amounts of May 2024, June 2024 kết quả bóng đá trực tiếp the second quarter of 2024; 4 months for VAT amounts of July 2024; 3 months for VAT amounts of August 2024; kết quả bóng đá trực tiếp 2 months for VAT amounts of September 2024 kết quả bóng đá trực tiếp the third quarter of 2024.

- The deadline extension period is calculated from the day after the statutory tax payment deadline as stipulated by tax management laws.

Entities that are eligible for deadline extension must declare kết quả bóng đá trực tiếp submit their monthly, quarterly VAT returns according to current legal regulations, but are not required to pay the VAT amounts due as declared in the returns.

Whenmust the VAT deadline extension request for 2024 be submitted?

The procedure for submitting an deadline extension request is implemented according to Article 5 ofDecree No. 64/2024/ND-CPas follows:

- Taxpayers who directly declare kết quả bóng đá trực tiếp pay taxes to tax authorities that are eligible for deadline extension shall submit the first or substitute deadline extension Request Form (electronically or as a hard copy sent directly to the tax authority or via postal service) in accordance with the form in the Annex issued with this Decree to the directly managing tax authority once for all amounts of tax kết quả bóng đá trực tiếp land rent incurred in the extended tax periods together with the timing of tax declaration filing according to legal regulations on tax management.

In case the deadline extension Request Form is not submitted together with the tax return filing, the latest submission date shall be September 30, 2024. The tax authority will still process the deadline extension for tax kết quả bóng đá trực tiếp land rent amounts incurred during the extended periods before the Form is submitted.

If the taxpayer has amounts eligible for deadline extension managed by different tax authorities, the directly managing tax authority is responsible for communicating the deadline extension request to the relevant tax authorities.

- Taxpayers shall self-determine kết quả bóng đá trực tiếp be responsible for the accuracy of their deadline extension requests as per this Decree.

If the taxpayer submits the deadline extension request to the tax authority after September 30, 2024, the tax kết quả bóng đá trực tiếp land rent deadline extension will not be granted as per this Decree.

Should taxpayers amend their tax declaration for the extended tax period resulting in an increased payable amount kết quả bóng đá trực tiếp submit it to the tax authority before the deadline extension deadline, the extended tax amount includes the increment due to the amendment.

If the taxpayer submits the amended tax declaration after the deadline extension deadline, the additional amount will not be extended.

Thus, taxpayers must submit the 2024 VAT deadline extension request before September 30, 2024.