On 27 June 2026, the Vietnamese Government officially issued Decree No. 245/2026/NĐ-CP, providing tax payment deferrals and land rental payment extensions for eligible taxpayers during 2026. The policy aims to support businesses and business households by easing short-term cash flow pressures while encouraging continued economic recovery.
Although the Decree offers valuable financial relief, businesses should note that it does not reduce or exempt tax liabilities. Instead, it extends the deadline for payment, subject to specific eligibility conditions and procedural requirements.
What taxes are eligible for deferral?
Under Decree No. 245/2026/NĐ-CP, eligible taxpayers may defer payment of:
- Value Added Tax (VAT) (excluding import VAT)
- Corporate Income Tax (CIT)
- Personal Income Tax (PIT) and VAT for business households and individuals
- 50% of the annual land rental fees payable in 2026
The applicable deferral period differs depending on the type of tax and the relevant tax period.
Who can benefit?
The Decree applies to businesses, organisations, business households, and individuals operating in sectors specified by the Government, including manufacturing, agriculture, construction, transportation, tourism, accommodation, education, and other supporting industries listed in Appendix I of the Decree.
In addition, small and micro enterprises, as defined under the Law on Support for Small and Medium-sized Enterprises, are eligible for the deferral regardless of their business sector.
Businesses carrying out multiple business activities are also eligible, provided that at least one of their business activities falls within the eligible sectors prescribed in Appendix I of the Decree.
Key deferral periods
- Value Added Tax (VAT): Eligible businesses may receive payment deferrals from 2 to 5 months, depending on the specific tax period. The policy applies to monthly VAT periods from May to September 2026, and Quarter II and Quarter III of 2026 for quarterly filers.
- Corporate Income Tax (CIT): The provisional CIT payments for Quarter II and Quarter III of 2026 are deferred by 3 months from the statutory deadlines, providing businesses with additional flexibility in managing working capital during the second half of the year.
- VAT & PIT for Business Households/Individuals: Eligible business households and individual businesses may defer their 2026 tax obligations until 30 December 2026.
- Land Rental Fees: A 5-month extension is granted for the payment of 50% of the annual land rental fee payable in 2026 (applicable to land leased directly from the State with annual rental payments).
What should businesses do?
To benefit from the policy, taxpayers should:
- Assess whether their business lines operate in an eligible sector.
- Identify which tax types and periods qualify for deferral.
- Submit the Request Form for Tax Deferral (Form in Appendix II) to the tax authority.
- Continue filing tax declarations on time, as statutory tax filing obligations and deadlines remain unchanged.
Crucial Deadline: The Request Form must be submitted no later than 2 November 2026. Failure to submit the form within this required timeframe will result in the taxpayer being ineligible for the deferral, and late payment interests will apply.
Important Note
Taxpayers are not required to submit separate requests for each tax period or tax type. A single Request Form submitted to the tax authority covers all eligible taxes and land rental fees under Decree No. 245/2026/NĐ-CP.
The Request Form can be submitted through the following methods:
- Electronically via the tax authority’s e-portal (eTax system).
- Simultaneously with the relevant tax return.
- Separately as a standalone submission, provided it is submitted no later than 2 November 2026.
Practical considerations & How Russell Bedford KTC can help
While the Decree creates opportunities, proper cash flow planning remains essential to avoid future payment accumulation once the extended deadlines expire. Businesses with complex group structures or multiple business lines should review accounting records and verify eligibility carefully.
Navigating tax relief measures requires more than understanding the legislation – it requires assessing how the rules apply to your specific business operations. Russell Bedford KTC’s Tax Advisory team is ready to assist you with:
- Assessing eligibility under Decree No. 245/2026/NĐ-CP.
- Reviewing tax obligations eligible for deferral.
- Preparing, reviewing, and submitting the Request Form.
- Advising on compliance requirements and long-term tax planning.
Final Thoughts
Decree No. 245/2026/NĐ-CP provides meaningful cash flow support for eligible taxpayers during 2026. Businesses should review their eligibility as early as possible, submit the required documentation on time and continue meeting all filing obligations to maximise the benefits available under the policy.
If you would like to understand how the Decree applies to your business, Russell Bedford KTC’s Tax Advisory team is ready to assist.
