Corporate tax payment to be delayed three months more
VGP – The Vietnamese Government recently agreed to delay the corporate income tax payment within three months in order to facilitate operation of the business community and boost the economic development.
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The cancellation of corporate income tax payment targets to solve difficulties of enterprises and bolster economic development in 2010 – Illustration photo |
The regulation will take effect since April 10, 2010.
Under the PM-signed decision, small and medium-sized enterprises (SMEs) and textile and footwear outsourcing firms will enjoy the delay of the payment of their corporate income tax payable in 2010.
The Government previously decided to allow these enterprises to delay their payment for corporate income tax for the first three months of 2010.
The following table shows the delayed schedule of payment of corporate income tax:
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Usual deadline |
Delayed deadline |
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Quarter I |
July 30, 2010 |
|
Quarter II |
October 30, 2010 |
|
Quarter III |
January 31, 2011 |
|
Quarter IV |
April 30, 2011 |
By Kim Loan
