What are taxes and fees under Vietnam's state budget declared monthly managed by the tax authorities in Vietnam?

What are taxes and fees under Vietnam's state budget declared monthly managed by the tax authorities in Vietnam?

Based on Clause 1, Article 8 of Decree 126/2020/ND-CP, the types of taxes and other fees under Vietnam's state budget managed and collected by the tax authorities declared on a monthly basis include:

- Value-added tax, personal income tax. If the taxpayer meets the criteria as stipulated in Article 9 of Decree 126/2020/ND-CP, they can choose to declare quarterly.

- Special consumption tax.

- Environmental protection tax.

- Resource tax, except for the resource tax stipulated in Point e, Clause 1, Article 8 of Decree 126/2020/ND-CP.

- State budget fees and charges (except fees and charges collected by Vietnamese representative offices abroad as stipulated in Article 12 of Decree 126/2020/ND-CP; customs fees; transit goods, luggage, and vehicle fees).

- Regarding the activities of extracting and selling natural gas: Resource tax; corporate income tax; special tax of the Vietnam-Russia Joint Venture “Vietsovpetro” at Lot 09.1 according to the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Russian Federation signed on December 27, 2010, on continuing cooperation in geologic exploration and oil and gas extraction on the continental shelf of the Socialist Republic of Vietnam within the Vietnam-Russia Joint Venture “Vietsovpetro”; the share of profits from gas given to the host country.

What are taxes and fees under Vietnam's state budget declared quarterly or annually?

* Types of Taxes and Fees Declared Quarterly

Based on Clause 2, Article 8 of Decree 126/2020/ND-CP, the types of taxes and fees under Vietnam's state budget declared quarterly include:

- Corporate income tax for foreign airlines, foreign reinsurers.

- Value-added tax, corporate income tax, personal income tax for credit institutions or third parties authorized by credit institutions to manage secured assets during the waiting time for disposal declared on behalf of taxpayers with secured assets.

- Personal income tax for organizations and individuals paying income subject to tax withholding under the Personal Income Tax Law, where such organizations and individuals are subject to quarterly value-added tax declaration and choose to declare personal income tax quarterly; individuals with income from salaries and wages who declare personal income tax directly to the tax authority and choose to declare quarterly.

- Other types of taxes and fees under Vietnam's state budget declared on behalf of individuals by organizations and individuals subject to quarterly value-added tax declaration and choose to declare on behalf of individuals quarterly, except as stipulated in Point g, Clause 4, Article 8 of Decree 126/2020/ND-CP.

- Additional charges when crude oil prices increase (excluding oil activities of the Vietsovpetro Joint Venture at Lot 09.1).

* Types of Taxes and Fees Declared Annually

Based on Clause 3, Article 8 of Decree 126/2020/ND-CP, the types of taxes and fees declared annually include:

- License fees.

- Personal income tax for individuals acting as lottery agents, insurance agents, direct sellers, who have not had tax withheld during the year as they were below the taxable threshold but by the end of the year determine that they must pay tax.

- Taxes and fees for business households, individual businesses paying tax based on fixed amounts, and individuals renting properties who choose to declare annually.

- Non-agricultural land use tax.

Taxpayers declare tax annually for each parcel and a consolidated declaration for homestead land if they have land use rights for multiple parcels in the same district or in different districts within the same province. Taxpayers are not required to file a consolidated declaration in the following cases:

+ Taxpayers have land use rights for one parcel or multiple parcels in the same district but the total area of taxable land does not exceed the homestead land limit at the location of land use rights.

+ Taxpayers have land use rights for multiple parcels in different districts but no single parcel exceeds the limit, and the total area of taxable parcels does not exceed the homestead land limit at the location of land use rights.

+ Agricultural land use tax.

+ Land and water surface lease paid annually.

When is the deadline for submitting tax declaration dossiers for monthly and quarterly declared taxes in Vietnam?

Based on Clause 1, Article 44 of The Law on Tax Administration 2019, the deadline for submitting tax declaration dossiers is regulated as follows:

Deadline for Submitting Tax Declaration Dossiers

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

a) No later than the 20th day of the month following the month in which the tax obligation arises for monthly declared taxes;

b) No later than the last day of the first month of the quarter following the quarter in which the tax obligation arises for quarterly declared taxes.

...

Thus, the deadline for submitting tax declaration dossiers for monthly and quarterly declared taxes is as follows:

- For monthly declared taxes: No later than the 20th day of the month following the month in which the tax obligation arises;

- For quarterly declared taxes: No later than the last day of the first month of the quarter following the quarter in which the tax obligation arises.