Is March 8, 2025 the International Women's Day? What are the penalties for late submission of March 2025 PIT declarations in Vietnam?

Is March 8, 2025 the International Women's Day?

March 8 each year is known as International Women's Day (IWD). This day honors the role and significant contributions of women in society, family, economy, and politics. It is also an occasion to promote gender equality and women's rights worldwide.

The United Nations often selects a special theme for International Women's Day each year. Currently, the official theme for 2025 has not been announced, but it will focus on issues such as gender equality, economic development for women, and combating violence against women.

March 8, 2025, is International Women's Day.

The information is for reference only!

Is March 8, 2025 the International Women's Day? What are the penalties for late submission of March 2025 PIT declarations in Vietnam? (Image from the Internet)

What are the penalties for late submission of the March 2025 PIT declarations in Vietnam?

Pursuant to Article 13 of Decree 125/2020/ND-CP regulating penalties for the late submission of January PIT declarations as follows:

(1) Warning penalties for late submission of PIT declarations from 1 day to 5 days with mitigating circumstances.

(2) Fines from 2,000,000 VND to 5,000,000 VND for late submission of VAT declarations from 1 day to 30 days, except for cases specified in clause 1, Article 13 of Decree 125/2020/ND-CP

(3) Fines from 5,000,000 VND to 8,000,000 VND for late submission of VAT declarations from 31 days to 60 days.

(4) Fines from 8,000,000 VND to 15,000,000 VND for the following acts:

- Filing PIT declarations late from 61 days to 90 days;

- Filing PIT declarations late from 91 days onwards but with no tax payable;

- Not filing PIT declarations but with no tax payable;

(5) Fines from 15,000,000 VND to 25,000,000 VND for late submission of PIT declarations over 90 days from the deadline, resulting in a tax payable, with the taxpayer having paid the full tax amount and late fee to the state budget before the tax authority conducts a tax inspection or audit or before the tax authority records the late filing violation in compliance with clause 11, Article 143 of Tax Administration Law 2019.

If the penalty calculated as per this clause is greater than the tax amount due on the tax return, the maximum penalty will be equal to the tax amount but not lower than the midpoint of the penalty range as prescribed in clause 4, Article 13 of Decree 125/2020/ND-CP

Concurrently, individuals committing such acts must take remedial measures:

- Ensuring full payment of the delayed tax amount into the state budget for violations specified in clauses 1, 2, 3, 4, and 5 of Article 13 Decree 125/2020/ND-CP where the late submission of VAT declarations leads to late tax payments;

- Submission of tax returns, and annexes attached to tax returns for violations specified at points c, d, clause 4, Article 13 Decree 125/2020/ND-CP

Note: The penalty for late submission of PIT declarations mentioned above applies to organizational violations. For individuals with the same violation, the fine is half the fine applicable to organizations (according to clause 5, Article 5 of Decree 125/2020/ND-CP)

Is it possible to extend the submission of the March 2025 PIT declarations in Vietnam?

According to Article 46 of Tax Administration Law 2019 on extending tax declaration submissions:

Extension of tax declaration submissions

1. Taxpayers unable to submit tax declarations on time due to natural disasters, catastrophes, epidemics, fires, or unexpected accidents may be granted an extension by the head of their directly managing tax authority.

2. The extension does not exceed 30 days for monthly, quarterly, annual tax declarations, or tax declarations triggered by each individual tax obligation; 60 days for submitting final tax settlement declarations from the due date of tax declaration submission.

3. Taxpayers must send a written request to extend the tax declaration submission before the deadline, detailing reasons for the extension request certified by the commune-level People's Committee or Commune Police where the extension-triggering event occurs as specified in clause 1 of this Article.

4. Within 3 working days from receiving the extension request, the tax authority must respond in writing to the taxpayer regarding whether the extension is accepted.

Thus, an extension for the submission of the March 2025 PIT declarations may be granted if the taxpayer is unable to submit on time due to unforeseen circumstances such as natural disasters, epidemics, or accidents.

Additionally, the extension for the March 2025 PIT declaration submission is not more than 30 days for monthly, quarterly, annual tax declarations, or those based on each tax obligation occurrence.

Note: Taxpayers must send a request for an extension of tax declaration submission before the deadline, specifying the reasons for the extension, certified by the commune-level People's Committee or Commune Police where tax obligations arise.