Enterprises must submit form 06/GTGT no later than December 20, 2016

According to Official Dispatch 40830/CCT-KK-KTT&TH, the District 1 Tax Department provides guidance for enterprises and cooperatives (enterprises, cooperatives) established from January 1, 2014, to September 30, 2014, or from October 1, 2015, to September 30, 2016. The method for determining revenue according to Clause 2, Article 12 of Circular 219/2014/TT-BTC.

Deadline for submitting form 06/GTGT is December 20, 2016

The timing for sending form 06/GTGT is as follows:

For enterprises and cooperatives applying the tax deduction method:

- Continue to apply the tax deduction method for the years 2017 and 2018 and do not need to submit form 06/GTGT to the tax authority if the enterprises, cooperatives have revenue from VND 1 billion or more and fully comply with accounting, invoicing, and documentation policies as prescribed by law.- Voluntarily register to apply the tax deduction method and must submit form 06/GTGT to the direct tax authority no later than December 20, 2016 to apply the tax deduction method for the years 2017 and 2018 if the enterprises do not meet revenue of VND 1 billion or more but fully comply with accounting, invoicing, and documentation policies as prescribed.

For enterprises and cooperatives applying the direct method:

Enterprises and cooperatives applying the direct tax calculation method but fully complying with accounting, invoicing, and documentation policies as prescribed, if they wish to switch from the direct method to the tax deduction method, must submit form 06/GTGT to the direct tax authority no later than December 20, 2016 to apply the tax deduction method for the years 2017 and 2018. Enterprises and cooperatives will continue to apply the direct tax calculation method for the years 2017 and 2018 if they do not submit form 06/GTGT.

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