Vietnam: What does the supplementary personal income tax declaration dossier include?

Vietnam: What does the supplementary personal income tax declaration dossier include?

Pursuant to Article 47 of the 2019 Tax Administration Law, specific regulations are provided regarding the supplementary tax declaration dossier as follows:

Supplementary Tax Declaration

1. Taxpayers who detect errors or omissions in their tax declaration dossiers submitted to the tax authorities may amend the dossier within 10 years from the end of the filing deadline of the tax period with the errors or omissions, but before the tax authorities or competent agencies issue a decision for inspection or examination.

2. When tax authorities or competent agencies have announced a decision for tax inspection or examination at the taxpayer's office, taxpayers may still amend their tax declaration; tax authorities will impose administrative sanctions for tax management violations as stipulated in Articles 142 and 143 of this Law.

3. Once tax authorities or competent agencies have issued conclusions or decisions on tax handling post-inspection at the taxpayer's office, the supplementary tax declaration is regulated as follows:

a) Taxpayers are allowed to amend the tax declaration in cases where it increases the payable tax amount, decreases the deductible tax, or decreases the tax exemption, reduction, and refund. They will be subject to administrative sanctions for tax management violations as per Articles 142 and 143 of this Law.

b) If a taxpayer discovers errors in the tax declaration and the amendment results in a reduction of the payable tax amount or an increase in the deductible tax, tax exemption, or refund, the provisions regarding tax complaint resolution apply.

4. The supplementary tax declaration dossier includes:

a) Supplementary declaration form;

b) Explanation of the supplementary declaration and relevant documents.

5. For exported and imported goods, the supplementary tax declaration follows the regulations of customs law.

Accordingly, the supplementary tax declaration dossier includes the supplementary declaration form, the explanatory document, and other related documents.

Vietnam: What does the supplementary personal income tax declaration dossier include? (Image from Internet)

What are regulations on tax payment deadline in Vietnam?

According to Article 55 of the 2019 Tax Administration Law, specific regulations on the tax payment deadline are as follows:

- In cases where taxpayers calculate their taxes, the tax payment deadline is the last day of the tax declaration deadline. For supplementary tax declarations, the payment deadline is the deadline of the tax period with errors.

+ For corporate income tax, the provisional payment is made quarterly, with the payment deadline being the 30th of the first month of the subsequent quarter.

+ For crude oil, the natural resource tax and corporate income tax payment deadline from each sales transaction is 35 days from the date of domestic sale or from the customs clearance date as per customs law for exported oil.

+ For natural gas, the resource tax and corporate income tax payment deadline is monthly.

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

- For other revenue related to state budget from land, water resource exploitation rights, mineral resources, registration fees, and business license fees, the payment deadline is prescribed by the Government of Vietnam.

- For taxable exported and imported goods as regulated by tax law, the tax payment deadline follows the provisions of the Export Tax, Import Tax Law. In cases where taxes are payable after customs clearance or goods release, the additional taxes must be paid:

+ The tax payment deadline for supplementary declarations or determined payable amounts follows the original customs declaration's timeline.

+ The tax payment deadline for goods requiring analysis or assessment to accurately determine payable taxes or for goods without an official price at the time of customs declaration registration, or goods with undetermined adjustments in customs value, follows the Ministry of Finance's regulations.

What is the current salary threshold for paying personal income tax without dependants in Vietnam?

Pursuant to Clause 2, Article 2 of Circular 111/2013/TT-BTC, amended and supplemented by Article 11 of Circular 92/2015/TT-BTC, specific regulations on taxable income are provided as follows:

Taxable Income

…

2. Income from salaries and wages

Income from salaries and wages is the income employees receive from employers, including:

a) Salaries, wages, and payments of a similar nature in monetary or non-monetary forms.

b) Allowances and subsidies, except for the following allowances and subsidies:

b.1) Monthly preferential allowances and one-time subsidies as regulated by preferential policies for those with contributions.

…

According to Article 1 of Resolution 954/2020/UBTVQH14 concerning personal relief levels:

Personal Relief Levels

Adjusting the personal relief levels as stipulated in Clause 1, Article 19 of the Personal Income Tax Law No. 04/2007/QH12, amended and supplemented according to Law No. 26/2012/QH13 as follows:

1. Personal relief for the taxpayer: 11 million VND/month (132 million VND/year);

2. Personal relief for each dependant: 4.4 million VND/month.

Thus, under the above regulations, individuals without dependants are required to pay personal income tax when their total income from salaries and wages exceeds 11 million VND/month.