Corporate Income Tax Payment to Be Delayed

On February 12, 2010, the Prime Minister signed the Decision No. 12/2010/QD-TTg on delaying the corporate income tax payment within three months in order to facilitate operation of the business community and boost the economic development.

 

Accordingly, small and medium-sized enterprises (SMEs) and apparel and footwear outsourcing firms will enjoy the delay of the payment of their corporate income tax payable in 2010.

 

In particularly, the delayed schedule for tax payment in the first quarter of 2010 is on July 30, 2010 at the latest, the second quarter payment to October 30, 2010 at the latest, the third quarter payment to January 31, 2011 at the latest and the fourth quarter payment to April 30, 2011 at the latest. Overall tax settlement for 2010 will be made as of June 30, 2011.