Local firms asked to register for tax extension

18-May-2012 Intellasia | Saigon Times Daily | 7:01 AM Print This Post

With the government’s newly-issued Resolution 13 in force, small and medium-sized enterprises (SMEs) and labour-intensive firms should register for a six-month extension of value added tax (VAT) payments for April, May and June, according to the HCM City Tax Department.

After registering with tax authorities, they will not sit on the list of entities that are automatically classified as late taxpayers by the tax management system, Tran Thi Le Nga, head of information and taxpayer support at the department, told a press conference in HCM City on Tuesday.

For April tax payments, local companies are still required to hand in their tax declaration forms to tax agencies by May 20 as normal, Nga noted, and they can now delay last month’s tax payments until November 20 in line with Resolution 13.

Similarly, enterprises will be able to postpone tax payments to December 20 and January 20 next year after submitting tax declarations for this month and next.

To avoid being listed as late taxpayers, companies need to send notices including their names, addresses and tax codes to tax agencies by either email or mail by Sunday.

 


Category: Legal

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