Official Letter No. 4062/TCT-CS dated September 13, 2024, of the General Department of Taxation regarding guidance on support solutions for organizations, individuals, and businesses affected by Typhoon No. 3 and subsequent floods
The General Department of Taxation requests the tax departments of provinces and cities where organizations, individuals, and businesses have suffered damage due to Typhoon No. 3 and subsequent floods to implement the following tax-related guidance:
- Regarding tax payment extension: No more than 2 years as per Article 62 of the Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019.
- Regarding exemption from late payment interest: Implement as per Clause 8, Article 59 of the Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019.
- Exemption from administrative penalties related to tax management: Implement as per Clause 1, Article 140 of the Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, and Article 43 of Decree No. 125/2020/ND-CP dated October 19, 2020, of the Government.
- Regarding VAT deduction: Input VAT may be deducted if the conditions under Clause 1, Article 14 of Circular No. 219/2013/TT-BTC dated December 31, 2013, of the Ministry of Finance are met.
- Regarding CIT: Enterprises may deduct expenses from taxable income if they meet the conditions under Clause 1, Article 9 of the Law on CIT No. 14/2008/QH12 dated June 3, 2008, and relevant legal documents.
- Regarding the reduction of Special Consumption Tax: Implement as per the regulations of Article 9 of the Law on Special Consumption Tax No. 27/2008/QH12 dated November 14, 2008, and Article 55 of Circular No. 80/2021/TT-BTC dated September 29, 2021, of the Ministry of Finance.
- Regarding the exemption and reduction of Natural Resource Tax: Implement as per Clause 1, Article 9 of the Law on Natural Resource Tax No. 45/2009/QH12.
- Regarding the exemption and reduction of Non-Agricultural Land Use Tax: Implement as per Clause 9, Article 9, and Clause 4, Article 10 of the Law on Non-Agricultural Land Use Tax No. 48/2010/QH12.
Additionally, the General Department of Taxation also provides guidance on the legal provisions concerning the exemption, reduction, and extension of taxes, fees, and charges for households and business individuals affected by natural disasters.
Please refer to the attached file for detailed information.
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