Gov’t Extends Deadline for SMEs’ Tax Payment
PM Nguyen Tan Dung has signed Decision No. 21/2011/QĐ-TTg to extend the deadline for corporate tax payment of small- and medium-sized enterprises (SMEs).
Accordingly, SMEs are allowed to pay their 2011 corporate tax within one year later against the deadline prescribed by the Law on Tax Management.
SMEs must meet certain norms of capital volume or labor under the Clause 1, Article 3 of the Government’s Decree No. 56/2009/NĐ-CP, dated on June 30, 2009, on assistance to the SMEs development.
Those enterprises, which operate in the fields of real estate, finance-banking, insurance, securities, lottery, services subjected to special value-added tax, are not the beneficiary of the decision.
Specific deadlines for each quarter
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Quarter
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Extended deadline
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I/2011
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April 30, 2012
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II/2011
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July 30, 2012
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III/2011
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October 30, 2012
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IV/2011
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March 31, 2013 (tax volume to be paid under struck balance)
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The decision is part of the Government’s effort to ease difficulties of SMEs, contributing to boost economic growth in 2011.
Vietnamese
