When are the deadlines for submission of tax declaration dossiers in Vietnam for the first quarter of 2024? How much are the fines imposed for submitting tax returns after expiration of the prescribed time limits in 2024?
Vietnam: When are the deadlines for submission of tax declaration dossiers for the first quarter of 2024?
Pursuant to Clause 1, Article 44 of the Law on Tax Administration 2019, there are regulations on the deadlines for submission of tax declaration dossiers as follows:
Deadlines for submission of tax declaration dossiers
1. Deadlines for submission of tax declaration dossiers of taxes declared monthly and quarterly:
a) For taxes declared monthly: the 20th of the month succeeding the month in which tax is incurred;
b) For taxes declared quarterly: the last day of the first month of the succeeding quarter.
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Thus, the deadlines for submission of tax declaration dossiers for the first quarter of 2024 are as follows:
Taxpayers who are required to declare value-added tax on a quarterly basis have a deadline to submit their tax declaration dossiers for the first quarter of 2024, which is April 30, 2024. However, due to April 30, 2024, and May 1, 2024 being public holidays, the deadline will be moved to the next working day, as specified in Article 86 of Circular 80/2021/TT-BTC, which is May 2, 2024
In case a taxpayer declares tax electronically on the last day of the time limit for declaration and the information portal of the tax authority is not functional, the taxpayer may submits the electronic declaration on the next day after the online portal is functional again
When are the deadlines for submission of tax declaration dossiers in Vietnam for the first quarter of 2024? How much are the fines imposed for submitting tax returns after expiration of the prescribed time limits in 2024?
Vietnam: How much are the fines imposed for submitting tax returns after expiration of the prescribed time limits in 2024?
Pursuant to Article 13 of Decree 125/2020/ND-CP, penalties for violations against regulations on time limits for submission of tax returns are as follows:
(1) Penalties imposed in form of cautions shall be imposed for violations arising from filing tax returns from 01 to 05 days after expiration of the prescribed time limits under mitigating circumstances.
(2) Fines ranging from VND 2,000,000 to VND 5,000,000 shall be imposed for the act of submitting tax returns from 01 to 30 days after expiration of the prescribed time limits, except the cases specified in clause 1 of this Article.
(3) Fines ranging from VND 5,000,000 to VND 8,000,000 shall be imposed for the act of submitting tax returns from 31 to 60 days after expiration of the prescribed time limits.
(4) Fines ranging from VND 8,000,000 to VND 15,000,000 shall be imposed for one of the following violations:
- Filing tax returns from 61 to 90 days after expiration of the prescribed time limits;
- Filing tax returns at least 91 days after expiration of the prescribed time limits if none of additional taxes is incurred;
- Failing to submit tax returns if none of additional taxes is incurred;
- Failing to submit annexes under regulations regarding tax administration by enterprises having related-party transactions, enclosing CIT finalization dossiers.
(5) Fines ranging from VND 15,000,000 to VND 25,000,000 shall be imposed for the act of filing tax returns more than 90 days after the prescribed deadline if such act results in additional taxes to be paid, and the taxpayer has fully paid taxes, deferred amounts into the state budget before the time of the tax authority’s announcement of the decision on tax inspection and examination, or before the time of the tax authority’s issuance of the report on the deferred submission of tax returns under the provisions of clause 11 of Article 143 in the Law on Tax Administration 2019.
In case where the fine amount prescribed in this clause is greater than the tax amount additionally incurred in the tax return, the maximum amount of fine for this act shall be equal to the tax amount payable specified in the tax return and shall not be less than the average of fine amounts in the range prescribed in clause 4 of this Article.
(6) Remedies:
- Compelling the full payment of deferred tax amounts into the state budget with respect to the commission of the acts prescribed in clause 1, 2, 3, 4 and 5 of this Article if the taxpayer delays filing their tax return, leading to the late payment of taxes;
- Compelling the submission of tax returns, enclosing annexes, in case of committing the acts specified in point c and d of clause 4 of Article 13 of Decree 125/2020/ND-CP.
Note: The fine level mentioned above is the fine level applicable to organizations. The penalty level for individuals is 1/2 the penalty level for organizations.
Where to submit tax declaration dossiers in Vietnam?
Pursuant to the provisions of Article 45 of the Law on Tax Administration 2019, the locations for submitting tax declaration dossiers include the following:
- Taxpayers shall submit tax declaration dossiers at their supervisory tax authorities.
- Receiving authorities of tax declaration dossiers submitted through the single-window system shall be specified by the regulations of the single-window system.
- Receiving authorities of customs dossiers of exports and imports are specified by the Law on Customs.
- The Government shall specify receiving authorities of tax declaration dossiers submitted by:
+ A taxpayer who has more than one business activities;
+ A taxpayer who is running business in more than one administrative division; tax declared upon incurrence
+ Taxpayers who incur tax on revenue from land; grant of the right to water resource extraction or mineral extraction;
+ Taxpayers who have to complete their own personal income tax returns;
+ Taxpayers who declare tax electronically, and other cases.
>> Download the Personal Income Tax declaration form for Quarter 1 applicable to organizations and individuals who receive income from wages and salaries in 2024 here
>> Download the Value Added Tax declaration form for Quarter 1 applicable to taxpayers calculating tax using the deduction method and engaged in business activities in 2024 here
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