What are deadlines for submission of tax declaration dossiers and tax payment in Vietnam in October 2024?

What are deadlines for submission of tax declaration dossiers and tax payment  in Vietnam in October 2024?

Below is the tax payment and declaration schedule for October 2024:

- October 20, 2024:

Based on the provisions of Article 44 of the Law on Tax Administration 2019 and Article 55 of the Law on Tax Administration 2019 as follows:

Deadline for submission of tax declaration dossiers

1. The deadline for submission of tax declaration dossiers for types of taxes declared monthly or quarterly is regulated as follows:

a) No later than the 20th day of the following month for taxes declared and paid monthly;

...

Tax payment deadlines

1. In cases where taxpayers calculate tax, the deadline for payment is no later than the last day of the submitting period. In cases of additional tax declaration dossiers, the payment deadline is the submitting deadline for the tax period with errors or omissions.

...

The deadline for submission of tax declaration dossiers for monthly declared taxes is October 20, 2024.

However, October 20, 2024, falls on a Sunday. According to Clause 1, Article 1 of Decree 91/2022/ND-CP, the regulation is as follows:

Deadlines for submission of tax declaration dossiers, tax payments, tax authority processing times, and the validity of enforcement decisions related to tax administration are carried out in accordance with the Law on Tax Administration and this Decree. If the last day coincides with a recognized holiday, it is deferred to the next working day.

Thus, the deadline for submission of tax declaration dossiers for monthly declared taxes is October 21, 2024.

If taxpayers file online, the deadline remains in accordance with Article 44 of the Law on Tax Administration 2019.

- October 30, 2024:

According to Article 55 of the Law on Tax Administration 2019 as follows:

Tax payment deadlines

1. In cases where taxpayers calculate tax, the deadline for tax payment is no later than the last day of the submitting period. In cases of additional tax declaration dossiers, the deadline is the submitting deadline for the erroneous tax period.

For corporate income tax, it is to be provisionally paid quarterly, with the deadline being the 30th day of the first month of the following quarter.

For crude oil, the resource tax and corporate income tax are payable 35 days from the date of domestic sale or customs clearance for export.

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

Thus, October 30, 2024, is the deadline for provisional corporate income tax payment for Q3/2024.

- October 31, 2024:

Based on the provision point b, Article 44 of the Law on Tax Administration 2019:

Deadline for submission of tax declaration dossiers

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

a) No later than the 20th of the following month for monthly declarations;

b) No later than the last day of the first month of the following quarter for quarterly declarations.

And Article 55 of the Law on Tax Administration 2019 as follows:

Tax payment deadlines

1. In cases where taxpayers calculate tax, the deadline for tax payment is no later than the last day of the submitting period. In cases of additional tax declaration dossiers, the deadline is the submitting deadline for the period with errors.

...

Thus, October 31, 2024, is the deadline for quarterly tax calculations, payments, and submittings for Q3/2024.

However, according to Decree 64/2024/ND-CP regarding the extension of VAT for Q3/2024, the latest deadline is December 31, 2024.

What are deadlines for submission of tax declaration dossiers and tax payment  in Vietnam in October 2024? (Image from the Internet)

What are tax declaration receiving authorities in Vietnam?

Pursuant to Article 56 of the Law on Tax Administration 2019, the regulations on tax payment locations and methods are as follows:

Tax Payment Location and Methods

1. Taxpayers pay taxes to the State budget under the following conditions:

a) At the State Treasury;

b) At the tax office receiving tax declaration dossiers;

c) Through a tax collection authorized entity;

d) Through commercial banks, other credit institutions, and service providers as stipulated by law.

2. The State Treasury, commercial banks, credit institutions, and service providers must provide locations, facilities, officials, and staff to facilitate timely tax payments to the State budget.

3. Entities collecting or deducting taxes must issue tax receipts to taxpayers.

4. Within 8 working hours of collecting tax payments, the receiving entity must transfer funds to the State budget. For cash collections in remote areas, islands, or difficult-to-access locations, the timeframe is as per the Minister of Finance.

Thus, taxpayers may directly pay at the State Treasury, tax offices where they file their returns, or through authorized entities.

Additionally, payments can be made through commercial banks, other credit institutions, and service providers as permitted.

What are regulations on determination of tax payment date in Vietnam?

In accordance with Article 58 of the Law on Tax Administration 2019, tax payment dates are determined as follows:

Determination of Tax Payment Date

1. For non-cash payments, the payment date is the day the State Treasury, commercial banks, or service providers debit the taxpayer's or deputy's account and record this on the tax payment voucher.

2. For direct cash payments, the date of payment is the day the State Treasury, tax office, or authorized entity issues the tax receipt.

Thus, the tax payment date is defined based on the method:

- For non-cash transactions, the date is when the State Treasury or bank debits the taxpayer's account.

- For direct cash transactions, it is the date the tax receipt is issued by the tax authority.