What are regulations on deadline extension for submitting PIT finalization dossiers in Vietnam for 2024?

When is the deadline extended for submitting personal income tax finalization dossiers in Vietnam for 2024?

Based on Clause 2, Article 44 of the Law on Tax Administration 2019 regarding the deadline for PIT finalization for 2025 for the 2024 tax calculation period as follows:

Deadline for submitting tax declaration dossiers

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2. The deadline for submitting tax declaration dossiers for taxes with annual tax calculation periods 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 tax finalization dossiers; no later than the last day of the first month of the calendar year or fiscal year for annual tax declaration dossiers;

b) No later than the last day of the fourth month from the end of the calendar year for individual income tax finalization dossiers of individuals directly conducting tax finalization;

c) No later than December 15th of the prior year for dossier submissions of fixed tax from household businesses, individual businesses paying tax by the fixed method; if a household business, an individual business starts new business, the deadline is no later than 10 days from the date of commencing operations.

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According to the above regulations, the deadline for PIT finalization in 2025 for the 2024 tax calculation period is as follows:

- No later than the last day of the third month from the end of the calendar year or fiscal year for annual tax finalization dossiers, which is March 31, 2025.

- No later than the last day of the fourth month from the end of the calendar year for individual income tax finalization dossiers of individuals directly conducting tax finalization, which is April 30, 2025. However, April 30, 2025, and May 1, 2025, are public holidays as per Notice 6150/TB-BLDTBXH 2024 (public holiday calendar from April 30, 2025, to May 4, 2025, for officials and public employees, is from Wednesday to Sunday, a total of 5 continuous days).

Additionally, based on the provisions of Article 46 of the Law on Tax Administration 2019 regarding the extension for submitting tax declaration dossiers as follows:

Extension of tax declaration dossier submission

1. Taxpayers who are unable to submit tax declaration dossiers on time due to natural disasters, disasters, epidemics, fires, unexpected accidents, will be granted an extension by the head of the direct managing tax authority.

2. The extension period shall not exceed 30 days for monthly, quarterly, annual tax declaration, or tax declaration upon each occurrence of tax obligation; 60 days for submitting tax finalization dossiers from the day the tax declaration submission deadline expires.

3. Taxpayers must send a written request for an extension to the tax authorities before the tax declaration submission deadline, clearly stating the reason for the extension request, with confirmation from the commune-level People's Committee or commune/ward police where the case for extension as specified in Clause 1 of this Article arises.

4. Within 3 working days from receiving the extension request, the tax authority must respond in writing to the taxpayer regarding whether the extension is accepted or not for the tax declaration dossier submission.

According to the above regulations, it is possible to extend the submission deadline for the 2024 PIT finalization dossier by 60 days from the expiration of the tax declaration submission deadline. The specific extension period for submitting the 2024 PIT finalization dossier is as follows:

- 60 days from March 31, 2025, for annual tax finalization dossiers

- 60 days from May 5, 2025, for individual income tax finalization dossiers of individuals directly conducting tax finalization.

What are regulations on deadline extension for submitting PIT finalization dossiers in Vietnam for 2024? (Image from Internet)

Vietnam: What does the PIT finalization dossier for individuals directly conducting tax finalization in 2025 include?

Based on point b of sub-clause 9.2 and point b, sub-clause 9.9, Clause 9, Appendix I issued with Decree 126/2020/ND-CP and sub-section 1, Section 5 in Official Dispatch 154/CTSTR-KK 2025 from the Tax Department of Soc Trang Province ... Download guiding PIT finalization for the tax calculation period in 2024, the PIT finalization dossier includes:

+ Personal income tax finalization declaration form No. 02/QTT-TNCN issued with Appendix 2 Circular 80/2021/TT-BTC dated September 29, 2021, from the Ministry of Finance.

+ Appendix of the list of family circumstance deductions for dependents form No. 02-1/BK-QTT-TNCN issued with Appendix 2 Circular 80/2021/TT-BTC dated September 29, 2021, from the Ministry of Finance.

+ Copies (photocopies from originals) of documents proving the deducted or temporarily paid tax amount in the year, taxes paid overseas (if any). In case the income-paying organization does not issue tax deduction documents to the individual due to the organization's cessation of activities, the tax authority will base its decision using the tax system’s data to handle the tax finalization dossier for the individual without requiring tax deduction documents.

In case the organization or individual providing income uses electronic PIT deduction documents, the taxpayer will use the printed version of the electronic PIT deduction document (a paper copy converted by the taxpayer from the original electronic PIT deduction document sent by the income-paying organization or individual).

+ Copy of Tax Deduction Certificate (clearly stating tax paid according to which income tax declaration) provided by the income-paying agency or copy of bank receipt for taxes paid abroad with taxpayer's certification in case under foreign law, the foreign tax authority does not issue a confirmation of the paid tax.

+ Copies of invoices or documents proving contributions to charity, humanitarian, or scholarship funds (if any).

+ Documentation proving payments by foreign entities or organizations that provided income in the case the individual receives income from international organizations, embassies, consulates, and receives income from abroad.

+ Dependent person registration dossier as prescribed in point g, Clause 1, Article 9 Circular 111/2013/TT-BTC as amended by Article 1 Circular 79/2022/TT-BTC (if deducting for dependents at the tax finalization time for those not yet registered).

Who must conduct PIT finalization in Vietnam?

Based on Point d, Clause 6, Article 8 of Decree 126/2020/ND-CP and Section 1 of Official Dispatch 154/CTSTR-KK 2025 from the Tax Department of Soc Trang Province ... Download subjects to PIT finalization are:

(1) For individuals directly conducting tax finalization with the Tax authority

- Resident individuals with income from salaries or wages from two or more places not meeting the conditions to authorize finalization as prescribed must directly file PIT finalization with the tax authority if additional tax is payable or if overpaid tax is requested for refund or offset in the next declaration period.

- Resident individuals who are foreigners concluding employment contracts in Vietnam must file PIT with the tax authority before leaving the country.

- Resident individuals with income from salaries or wages paid from abroad and resident individuals with income from salaries or wages paid by international organizations, embassies, consulates who have not deducted tax from the year must directly finalize with the tax authority.

- Resident individuals with income from salaries or wages who are also eligible for tax reduction due to natural disasters, fires, accidents, serious illnesses affecting their tax payment capability, cannot authorize organizations or individuals paying income to finalize on their behalf, must directly file finalization with the tax authority as prescribed.

Note: Individuals present in Vietnam in the first calendar year for less than 183 days, but present for 183 days or more within any 12 consecutive months from the first date of arrival in Vietnam, the first finalization year is the continuous 12 months from the initial date in Vietnam.

(2) Organizations and individuals paying income from salaries or wages

- Organizations and individuals paying income from salaries or wages are responsible for declaring PIT finalization regardless of whether there is a tax deduction incurred or not, and PIT finalization on behalf of individuals who have authorized. In cases where individuals authorize PIT finalization to an organization and the additional tax payable after finalization is 50,000 VND or less, exempted from tax, the organization or individual paying income still declares this information in the organization's PIT finalization dossier and does not aggregate the additional tax payable from individuals where the tax payable after finalization is 50,000 VND or less.

- If an individual is an employee transferred from the old organization to the new organization due to amalgamation, merger, division, separation, conversion of the business type, or the old organization and the new organization are in the same system, the new organization is responsible for PIT finalization on behalf of the individual for both the income paid by the old organization and the new one and the new organization should collect back the PIT deduction documents issued to the employee by the old income-paying organization (if any).

- In case the organization, individual paying income is dissolved, bankrupt, terminated, terminated contracts, or reorganized the enterprise must declare PIT finalization up to the time of dissolution, bankruptcy, termination, contract termination, or reorganization of the enterprise. In case of changing the type of enterprise (excluding equitizing state enterprises) where the converted enterprise inherits all tax obligations of the converted enterprise, it is not required to declare PIT finalization at the time of decision to convert enterprises, enterprises declare finalization at the end of the year.