Is the deadline for submitting monthly personal income tax declaration dossiers in Vietnam on October 20?

Is the deadline for submitting monthly personal income tax declaration dossiers in Vietnam on October 20?

Pursuant to Article 44 of the Law on Tax Administration 2019, it is specifically outlined as follows:

Deadline for Submitting Tax declaration dossiers

1. The deadline for submitting tax declaration dossiers for taxes declared monthly or quarterly is prescribed as follows:

a) No later than the 20th of the following month to the month in which the tax obligation arises for cases of monthly declaration and payment;

b) No later than the last day of the first month of the subsequent quarter in which the tax obligation arises for cases of quarterly declaration and payment.

2. The deadline for submitting tax declaration dossiers for taxes calculated annually is prescribed as follows:

a) No later than the last day of the third month from the end of the calendar year or fiscal year for annual settlement declaration dossiers; no later than the last day of the first month of the calendar year or fiscal year for annual tax declaration dossier submissions;

b) No later than the last day of the fourth month from the end of the calendar year for individual personal income tax settlement declaration dossiers by the taxpayer directly managing taxes;

c) No later than December 15 of the preceding year for the submission of tax declaration dossiers for household businesses and individual businesses paying tax under the fixed tax scheme; in cases of new businesses, the deadline for submitting tax declaration dossiers is no later than 10 days from the business commencement.

3. The deadline for submitting tax declaration dossiers for taxes declared and paid on each occurrence of tax obligations is no later than the 10th day from the date the tax obligation arises.

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The tax payment deadline is stipulated in Article 55 of the Law on Tax Administration 2019 as follows:

Tax Payment Deadline

1. For self-computed taxes by the taxpayer, the tax payment deadline is no later than the last day of the tax declaration dossier submission period. In the case of additional tax declaration dossier submissions, the tax payment deadline is the same as the tax declaration dossier submission deadline for the taxable period with errors or omissions.

Corporate income tax is to be provisionally paid quarterly, with the tax payment deadline no later than the 30th of the first month of the subsequent quarter.

For crude oil, the resource tax and corporate income tax for each sale of crude oil must be paid within 35 days from the sale date for domestic sales, or from customs clearance for exports, according to customs regulations.

For natural gas, the resource tax and corporate income tax are paid monthly.

2. For taxes calculated by the tax authority, the tax payment deadline is the deadline stated on the tax authority's notice.

3. For other state budget revenues from land, fees for the exploitation of water resources and mineral resources, registration fees, business license fees, payment deadlines are as per the Government of Vietnam's regulations.

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Therefore, the deadline for submitting tax declaration dossiers for monthly declared taxes is October 20.

Is the deadline for submitting monthly personal income tax declaration dossiers in Vietnam on October 20? (Image from the Internet)

What are cases where taxpayers are not required to declare tax in Vietnam?

According to Clause 3, Article 7 of Decree 126/2020/ND-CP (amended and supplemented by Clause 2, Article 1 of Decree 91/2022/ND-CP), taxpayers are not required to submit tax declaration dossiers in the following circumstances:

- Taxpayers engage only in operations and business activities that are exempt from tax as per the tax law applicable to each type of tax.

- Individuals whose income is exempt from tax as per personal income tax law and individuals whose taxable amount payable annually after personal income tax settlement from wages and salaries is 50,000 VND or less, excluding individuals receiving inheritances or gifts of real estate; or transferring real estate.

- Export-only enterprises are not required to submit VAT declaration dossiers.

- Taxpayers temporarily cease operations and business activities according to regulations.

- Taxpayers submitting termination of tax registration, except for cases of cessation of operations, contract terminations, or organizational restructuring as prescribed.

- Entities responsible for individual income tax declaration dossiers are organizations or individuals disbursing income, in which case monthly or quarterly declarations do not occur if there is no tax withholding from income recipients.

Thus, taxpayers falling into one of the above categories are not required to submit tax declaration dossiers.

How to determine the tax payment date in Vietnam?

According to Article 58 of the Law on Tax Administration 2019, the determination of the tax payment date is prescribed as follows:

Determination of the tax payment date

1. When paying taxes non-cash, the tax payment date is the date the State Treasury, commercial bank, other credit institution, or service organization deducts from the taxpayer's or tax substitute's account and is recorded on the tax payment document.

2. When paying taxes in cash directly, the tax payment date is the date the State Treasury, tax authority, or tax collection agency issues the tax receipt.

Thus, the method to determine the tax payment date is as follows:

- For non-cash tax payments, the date of payment is when the State Treasury, bank, or service organization debits the taxpayer's or alternate payer's account.

- For cash tax payments made directly, the date of payment is when the tax authority issues the tax receipt.