Vietnam Providing Tax Payment Extensions in 2022

According to a release published by the Vietnam News Agency, the Ministry of Finance has submitted a decree to provide several tax payment extensions. The decree for the extensions is to be ratified by the end of the month (April 2022) and will be implemented with immediate effect.

For VAT in particular, the following extensions will be provided:

• 6-month extension for VAT payments for the monthly periods March to May 2022 and the first quarter of 2022;
• 5-month extension for VAT payments fo…