Vietnam: What documents are included in a tax declaration dossier in 2024?

What documents are included in a tax declaration dossier in 2024 in Vietnam?

According to Article 43 of the Tax Administration Law 2019, the tax declaration dossier in 2024 includes:

- The tax declaration dossier of taxes that are declared and paid monthly is the monthly tax declaration.

- The tax declaration dossier of taxes that are declared and paid quarterly is the quarterly tax declaration.

- The tax declaration dossier of taxes that are declared and paid annually is:

+ The annual tax declaration dossier, which consists of the annual tax declaration and other documents relevant to the tax payable; or

+ The terminal tax declaration dossier, which consists of the annual tax statement, the annual financial statement, the declaration of related-party transactions and other documents relevant to tax statement.

- The tax declaration dossier of taxes that are declared and paid every time they are incurred consists of:

+ The tax declaration;

+ Invoices, contracts and other documents relevant to the tax liability as prescribed by law.

- Customs dossiers of exports and imports specified by the Law on Customs shall be used as tax declaration dossiers.

- The tax declaration dossier upon shutdown, contract termination, business conversion or business re-arrangement consists of:

+ The terminal tax declaration;

+ The financial statement up to the time of shutdown, contract termination, business conversion or business re-arrangement;

+ Other documents relevant to tax statement.

- Multinational profit report if the taxpayer is the ultimate parent entity of a corporation in Vietnam and has transboundary related-party transactions and a global profit exceeding the limit, or the taxpayer has a ultimate parent entity in a foreign country in which it has the legal responsibility to submit the multinational profit report.

- The government shall provide detailed guidance on tax declaration dossiers mentioned in this Article, taxes declared monthly, quarterly, annually and upon incurrence, terminal tax declaration; declaration of fees and charges collectable by overseas representative agencies of the Socialist Republic of Vietnam; declaration, provision, exchange and use of information about multinational profit reports; identification of taxpayers eligible for quarterly declaration.

What documents are included in a tax declaration dossier in 2024 in Vietnam? (Image from the Internet)

What is the deadline for submission of monthly tax declaration dossiers in Vietnam?

Under point a, clause 1, Article 44 of the Tax Administration Law 2019, the deadline for submission of tax declaration dossiers in Vietnam is stipulated 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 deadline for taxpayers to submit monthly tax declaration dossiers is no later than the 20th day of the following month after the month in which the tax obligation arises.

Is it possible to extend the deadline for submitting tax declarations in Vietnam?

Under the provisions of Article 46 of the Tax Administration Law 2019 regarding the extension of the deadline for submitting tax declaration dossiers:

Deadline extension

1. In case a taxpayer is unable to submit the tax declaration dossier by the deadline due to a natural disaster, epidemic, fire or accident, the head of the supervisory tax authority will consider extending the deadline for submission.

2. The deadline shall be extended for up to 30 more days for monthly, quarterly, annual declarations and declaration upon tax incurrence; 60 more days for terminal tax declaration.

3. The taxpayer shall send a written request for deadline extension to the tax authority before the deadline, provide explanation and confirmation by the People’s Committee or police authority of the commune in which the event mentioned in Clause 1 of this Article occurred.

4. Within 03 working days from the day on which the taxpayer’s request is received, the tax authority shall inform the taxpayer in writing of whether such request is granted.

Thus, in case a taxpayer is unable to submit the tax declaration dossier by the deadline due to a natural disaster, epidemic, fire or accident, the head of the supervisory tax authority will consider extending the deadline for submission.

Note: The deadline shall be extended for up to 30 more days for monthly, quarterly, annual declarations and declaration upon tax incurrence; 60 more days for terminal tax declaration.