What are cases where personal income tax returns are not required in Vietnam?
What are cases where personal income tax returns are not required in Vietnam?
Pursuant to Clause 3, Article 7 of Decree 126/2020/ND-CP (as supplemented by Clause 2, Article 1 of Decree 91/2022/ND-CP), the cases in which personal income tax returns are not required include:
Case 1:
Individuals with income exempt from tax as prescribed by the law on personal income tax and as stipulated at point b, clause 2, Article 79 of the Law on Tax Administration 2019, excluding individuals who receive inheritance or gifts that are real estate, or transfer real estate.
Case 2:
Taxpayers temporarily suspending their activities or business operations as stipulated in Article 4 of Decree 126/2020/ND-CP.
Case 3:
Taxpayers submitting documents for termination of tax code validity, except in cases of terminating operations, terminating contracts, or reorganizing enterprises as stipulated in clause 4, Article 44 of the Law on Tax Administration 2019.
Case 4:
Organizations or individuals paying income, who are taxpayers filing personal income tax on a monthly or quarterly basis, and no personal income tax withholding occurs for the recipient of income during that month or quarter.
Note: Personal income tax returns are not required if no income is paid/not accruing personal income tax withholding in that month/quarter.
However, it is advisable to submit a blank declaration to avoid having to explain the non-submission of personal income tax returns.
What are cases where personal income tax returns are not required in Vietnam? (Image from the Internet)
What are the deadlines for submitting tax declaration dossiers in Vietnam?
Pursuant to Clause 1, Article 44 of the Law on Tax Administration 2019, the regulations are as follows:
Deadline for submitting tax declaration dossiers
1. The deadline for submitting tax declaration dossiers for taxes declared on a monthly or quarterly basis is prescribed as follows:
a) No later than the 20th day of the month following 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 quarter following the quarter in which the tax obligation arises for cases of quarterly declaration and payment.
The deadline for submitting tax declaration dossiers for taxes declared on a monthly or quarterly basis is prescribed as follows:
- No later than the 20th day of the month following the month in which the tax obligation arises for cases of monthly declaration and payment;
- No later than the last day of the first month of the quarter following the quarter in which the tax obligation arises for cases of quarterly declaration and payment.
What are the penalties for failing to submit personal income tax returns in Vietnam?
Pursuant to the provisions of Article 13 of Decree 125/2020/ND-CP, acts of late submission or non-submission of personal income tax returns shall be subject to a warning or a fine ranging from VND 2 million to VND 25 million, depending on the severity of the violation. Specifically:
| No. | Violation | Fine Amount | Remedial Measures |
|---|---|---|---|
| 1 | Late submission of 01 - 05 days with mitigating circumstances | Warning | Must pay the full amount of delayed tax payment into the state budget if the late submission of tax returns results in late tax payment |
| 2 | Late submission of 01 - 30 days, excluding case (1) | VND 2 - 5 million | Must pay the full amount of delayed tax payment into the state budget if the late submission of tax returns results in late tax payment |
| 3 | Late submission of 31 - 60 days | VND 5 - 8 million | Must pay the full amount of delayed tax payment into the state budget if the late submission of tax returns results in late tax payment |
| 4 | Late submission of 61 - 90 days | VND 8 - 15 million | Must pay the full amount of delayed tax payment into the state budget if the late submission of tax returns results in late tax payment |
| 5 | Late submission of 91 days or more but no tax arises | VND 8 - 15 million | Must pay the full amount of delayed tax payment into the state budget if the late submission of tax returns results in late tax payment |
| 6 | Non-submission of tax returns but no tax arises | VND 8 - 15 million | - Must pay the full amount of delayed tax payment into the state budget if the late submission of tax returns results in late tax payment - Must submit the tax declaration dossier for the case of non-submission of tax returns |
| 7 | - Late submission of more than 90 days - Tax arises and the taxpayer has fully paid the tax amount and late payment amount into the state budget before the tax authority announces the decision to inspect the tax or prepares a record on the act of late submission of tax returns |
- VND 15 - 25 million - If the fine amount is greater than the tax amount on the tax return, the maximum fine will be equal to the tax amount on the tax return but not less than VND 11.5 million |
Must pay the full amount of delayed tax payment into the state budget if the late submission of tax returns results in late tax payment |
- How long is the duration of exemption from licensing fees for a new enterprise in Vietnam? What are cases of licensing fee exemption in Vietnam?
- What are cases where the input VAT must not be deducted in Vietnam? What are the conditions for VAT input deduction?
- What are cases where personal income late payment interest is charged in Vietnam?
- How long can a taxpayer delay submitting tax declaration dossiers before their information is published in Vietnam?
- What is the Form 01/CT-KTT for amendments to the information of tax accounting books in Vietnam?
- When is the deadline for submitting annual financial statements in Vietnam? How much is the penalty for late submission?
- Shall import-export duties be paid in foreign currency in Vietnam?
- What is the excise tax rate for beer in Vietnam in 2024?
- What is coefficient K for monitoring invoicing beyond a safety threshold in Vietnam? What is the formula for calculating coefficient K in Vietnam?
- What are cases where the input VAT must not be deducted in Vietnam?
