1. Regarding exemption of late payment fees; exemption and reduction of administrative fines (VPHC) on tax:

– Taxpayers (NNT) who must pay late payment fees according to regulations are exempted from late payment fees in cases of force majeure.

– Taxpayers who are fined due to VPHC on tax management and suffer damage in cases of force majeure are exempted from fines. The total amount of exempted fines must not exceed the value of damaged assets and goods, after deducting the insured value and compensation (if any).

2. Regarding extension of tax payment and tax declaration:

– The tax payment extension period must not exceed 02 years from the date of expiration of the tax payment deadline.

– Taxpayers who are unable to submit tax declarations on time due to natural disasters, catastrophes, epidemics, fires, or unexpected accidents will be granted an extension by the head of the tax authority directly managing them.

3. Exemption and reduction policies for each tax

– Value-added tax

Deduct all input VAT of goods and services used for production and trading of goods and services subject to VAT, including non-compensated input VAT of damaged goods subject to VAT.

– Personal income tax

Taxpayers facing difficulties due to natural disasters, fires, accidents, or serious illnesses that affect their ability to pay taxes -> are considered for tax reduction corresponding to the level of damage but not exceeding the amount of tax payable.

– Natural resource tax

• Tax exemption in case the taxpayer encounters difficulties due to force majeure events if the value of damage to land & houses on land is over 50% of the taxable price
• 50% reduction in tax payable in case the taxpayer encounters difficulties due to force majeure events if the value of damage to land & houses on land is from 20% to 50% of the taxable price.

– Corporate income tax

Enterprises have expenses related to the value of losses due to natural disasters, epidemics, fires & other force majeure events that are not compensated -> this expense is included in deductible expenses when determining taxable income.

– Special consumption tax

The tax reduction level is determined based on the actual losses caused by natural disasters, unexpected accidents but not exceeding 30% of the tax payable in the year the damage occurred & not exceeding the value of damaged assets after compensation (if any).

– Non-agricultural land use tax

Foreign resource users who encounter natural disasters, fires, or unexpected accidents that cause damage to resources that have been declared and paid tax, they will be considered for exemption or reduction of tax payable for the amount of resources lost;

• In case of tax payment: the tax paid will be refunded or deducted from the amount of resource tax payable in the following period.