Resolution 02/NQ-CP of the Government on the extension of tax for business

In Resolution 02/NQ-CP dated January 7th 2013, the Government has launched several business support solutions such as: extension of corporate income tax (CIT), value added tax (VAT), real estate business support

Accordingly, the Resolution extends 6 months for the deadline of the CIT for the tax payable in the first quarter; an extension of 3 months for the tax payable in the second quarter and the third quarter of 2013.

At the same time, businesses that are making VAT payment by the credit method will be extended to six months for the deadline for payment of VAT on the tax payable in the first three months of 2013.

In addition, the Government also stated that the policy will not issue the policy implementing the fee for limited individual transportations.

Resolution takes effect from January 7th, 2013.

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