The Vietnamese government has announced a significant extension for tax and land rental payments, totaling around 125 trillion VND, to assist businesses and individual entrepreneurs in 2026. This initiative is part of a broader effort to support production and business activities across the country.

According to Decree 245, the deadlines for submitting value-added tax (VAT), corporate income tax, personal income tax, and land rental fees have been postponed by 2 to 5 months, depending on the specific tax period. This extension applies to various entities, including businesses, organizations (including branches and units that file VAT and corporate income tax separately), households, individuals, and small enterprises as defined by the 2017 Law on Support for Small and Medium Enterprises.

For personal income tax, the maximum extension for individual businesses is set at 5 months. Specifically, the tax period for May must be submitted by November 20, while the periods for June, July, August, and September are due by December 21. The deadlines for the second and third quarters of corporate income tax are also extended, with submissions due by November 2 and December 30, respectively.

Furthermore, the extension for land rental payments will allow for a 5-month delay for 50% of the rental fees due in 2026. Taxpayers who are directly leased land by the state will have until November 2 to submit these payments.

This extension is expected to enhance cash flow for businesses, providing them with additional working capital without impacting the government's budget forecasts. The Ministry of Finance has noted that similar extensions from 2020 to 2025 have significantly aided businesses in balancing their finances, focusing on recovery, and promoting economic growth. The policies have been positively received by the business community, as they allow companies to retain short-term capital by delaying immediate tax payments.