This is the important content prescribed at the Decree No. 100/2016/ND-CP dated July 01, 2016 of the Government on elaboration and guidelines for some articles of the law on amendment of the law on value-added tax, the law on special excise duty and the law on tax administration.
On particular, a taxpayer who fails to pay tax by the deadline or extended deadline or deadline written in the notice or tax decision issued by the tax authority shall fully pay tax and late payment interest at 0.03% per day on the outstanding amount. Regarding outstanding tax incurred before July 01, 2016, including tax arrears discovered after inspections by competent authorities, the late payment interest rate shall be charged from July 01, 2016.
While paying the tax arrears in installments, the taxpayer still have to pay late payment interest at 0.03% of the tax arrears per day. The taxpayer shall fully pay tax and late payment interest.
Besides, the Government also emphasizes to get the exemption and reduction of special excise tax, resource royalty, personal income tax granted to a taxpayer who suffers from a natural disaster, fire or unexpected accident and consequently is not able to pay tax in accordance with law; exemption of tax on non-agricultural land, tax on agricultural land, land rent, water surface rent, registration fee granted to taxpayers; tax exemption granted to a household or individual that pays less than VND 50,000 in annual non-agricultural land tax.
This Decree takes effect on July 01, 2016.
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