Latest Tax Newsletter May 5

“The business and tax landscape has changed dramatically, and the speed and complexity of change continues to increase. Tax strategy, focus and enforcement have shifted from controlling individual units to controlling risks by group of enterprises. Companies need to balance business priorities and ensure compliance is maintained.”

Extension of tax payment in 2021 for businesses

Enterprises are entitled to a 5-month extension of tax payment for the VAT amount incurred in March, April, June, and June 3,4,5,6, a 2021-month extension for tax payment for the VAT amount incurred in the first quarter of 5 and the second quarter of 1. 2021, 2-month extension of tax payment for the VAT amount incurred in July 2021, a 4-month extension for tax payment for the VAT amount incurred in August 7. Extension of tax payment for 2021 months for the temporarily paid CIT amount of the 3st and 8nd quarter of 2021.

See More3 May, 2021

Changing tax registration information when renewing chip-based citizen identification

Enterprises must register for adjustment of information on the business registration certificate, investment registration certificate, and change registration with the tax office when changing from a 9-digit ID card to a 12-digit CCCD with a chip.

See More15 May, 2021

Tax risk assessment and key monitoring of taxpayers from July 02, 07

"From July 02, 07, the assessment and classification of taxpayers' risk levels and key supervision of taxpayers with signs of tax law violations are new points specified in Circular 2021- 31-TT-BTC on the application of risk management in tax administration issued by the Ministry of Finance on May 2021, 17.

See More17 May, 2021
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