ENTERPRISES ARE ELIGIBLE FOR DEFERRAL OF TAX AND LAND RENT DUE TO EFFECTS OF COVID-19

According to Decree No. 41/2020/ND-CP issued by the Government and coming into force from April 8, 2020:

– Enterprises which are eligible for deferment of taxes, land rents are stipulated as follows:

(i) Enterprises, organizations, households and individuals that are manufacturers in the following business lines:

• Agriculture, forestry and fishing;
• Production and processing of food; textiles; garments; manufacture of leather and leather products; wood treatment and manufacture of products from wood, bamboo, rattan (except furniture); manufacture of products from straw and plaiting materials; manufacture of paper products; manufacture of rubber and plastic products; manufacture of products from other non-metallic minerals; metal production; mechanical working; metal treating and coating; manufacture of electronics, computers and optical products; manufacture of automobiles and other motor vehicles; furniture production;

(ii) Enterprises, organizations, households and individuals that operate business in the following business line:

• Transport and warehousing; accommodation, food and drink; education and training; healthcare and social assistance; real estate trading;
• Employment services; travel agencies, tourism services and auxiliary tourism services;
• Composing, art and entertainment; library, archive, museum operation and other artistic activities; sports and entertainment; cinemas.

(iii) Enterprises, organizations, households, individuals that are manufacturers of prioritized ancillary industry products or key mechanical products.

(iv) Small enterprises and microenterprises shall be determined in accordance with the Law No. 04/2017/QH14 on Assistance for Medium and Small Enterprises and the Government’s Decree No. 39/2018/ND-CP.

(v) Credit institutions and foreign bank branches (FBB) shall provide assistance for enterprises, organizations and individuals affected by Covid-19 as prescribed by the State bank of Vietnam.

The business lines of enterprises, organizations, households, individuals provided by sections (i), (ii) and (iii) above are the business lines in which such enterprises, organizations, households, and individuals operate in and earn revenue in 2019 or 2020.

Best regards,