Vietnam to Extend CIT Payments for SMEs by 3 Months

Posted on by

By Tran Que Chi

Feb. 13 – On January 19, 2012 the Prime Minister enacted Decision No. 04/2012/QĐ-TTg – granting a three-month extension for the payment of corporate income tax which small and medium enterprises, and enterprise using many laborers, must pay for the first and second quarters of 2011.

According to Decision No. 04, enterprises which were extended tax payments according to Decision No. 21/20111/QD-TTg dated April 6, 2011 and Decision No. 54/2011/QĐ-TTg dated October 11, 2011 will be granted extensions to pay corporate income tax for three more months.

The extended periods are stipulated as follows:

  • The payment of provisional corporate income tax for the first quarter of 2011 will be extended until July 30, 2012
  • The payment of provisional corporate income tax for the second quarter of 2011 will be extended until October 30, 2012

In case tax payment days are on holidays, as prescribed by Law, the extended period will be calculated on the next working day.

This Decision takes affect from March 10, 2012.

Dezan Shira & Associates is boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in Vietnam. To contact the firm, please email, visit, or download the firm’s brochure here.

Leave a Reply

Your email address will not be published. Required fields are marked *

Dezan Shira & Associates

Meet the firm behind our content. Dezan Shira & Associates have been servicing foreign investors in China, India and the ASEAN region since 1992. Click here to visit their professional services website and discover how they can help your business succeed in Asia.

News via PR Newswire

Never Miss an Update

Subscribe to gain even better insights into doing business in Vietnam. Subscribing also lets you to take full advantage of all our website features including customizable searches, favorite, wish list and gift functions and access to otherwise restricted content.

Scroll to top