The government will extend the value-added taxes payment deadline by authority to help small businesses and exporting companies facing management difficulties.
The National Tax Service noted that the '2025 first period value-added taxes final report payment deadline' is until the 25th of this month, but for the 560,000 businesses experiencing difficulties in management, the payment deadline will be extended to September 25th without a separate application.
The total number of individuals subject to this value-added taxes report is 6.79 million (including corporations), an increase of 80,000 compared to the same period last year. The number of individual general taxpayers increased by 30,000 to 5.46 million, and the number of corporate businesses increased by 50,000 to 1.33 million.
To assist small businesses and medium-sized enterprises experiencing operational difficulties due to delays in domestic recovery, the National Tax Service has decided to extend the payment deadline for businesses with reduced sales by two months by authority without a separate application from taxpayers.
The eligible parties for the automatic extension include ▲ businesses in construction, manufacturing, and food, accommodation, and retail sectors whose sales have significantly decreased compared to the previous year (400,000) ▲ exporting companies that have experienced decreased sales compared to the same period last year (18,000) ▲ businesses among simplified taxpayers in sectors like food, accommodation, and retail (145,000).
Businesses that have suffered damage can apply separately for additional extensions.
Along with this, the National Tax Service will promptly pay early refunds by August 4 and general refunds by August 14 if exporting companies and other tax support subjects apply for refunds within the deadline.
A representative of the National Tax Service said, 'We will continue to provide as much reporting assistance materials as possible and simplify procedures to make reporting easier and more convenient.'