What are taxes and other fees under the Vietnam's state budget declared annually?

What are taxes and other fees under the Vietnam's state budget declared annually?

According to Clause 3, Article 8 of Decree 126/2020/ND-CP, the taxes and other fees under the Vietnam's state budget declared annually include:

- License fee.

- Personal income tax for individuals acting as lottery agents, insurance agents, or multi-level marketers, who have not had taxes deducted during the year because their incomes do not reach the taxable level but are determined to be taxable by the end of the year.

- Taxes and fees for household businesses, individual business owners paying tax by a lump-sum method, and individuals renting out property who choose to declare tax annually.

- Non-agricultural land use tax.

Taxpayers declare taxes annually for each parcel and provide a consolidated declaration for homestead land if they have the right to use land in multiple parcels within the same district or in numerous districts within the same province. Taxpayers are not required to provide consolidated declarations in the following cases:

+ Taxpayers have the right to use land in one or more parcels within the same district, but the total taxable land area does not exceed the homestead land limit at the location of the land use right.

+ Taxpayers have the right to use land in multiple parcels in different districts, but no lot exceeds the limit, and the total taxable land area does not exceed the homestead land limit where the land use right is located.

- Agricultural land use tax.

- Annual land rent and water surface rent.

What are taxes and other fees under the Vietnam's state budget declared annually? (Image from the Internet)

When is the deadline for submitting annual tax declarations in Vietnam?

According to Clause 3, Article 44 of the Law on Tax Administration 2019, the deadline for submitting tax declarations is stipulated as follows:

Deadline for Submitting Tax Declarations

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

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

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

2. The deadline for submitting tax declarations for taxes calculated annually is specified as follows:

a) No later than the last day of the third month after the end of a calendar year or fiscal year for annual tax finalization documents; no later than the last day of the first month of the calendar year or fiscal year for annual tax declarations;

b) No later than the last day of the fourth month after the end of the calendar year for finalizing individual income tax returns for individuals directly finalizing taxes;

c) No later than December 15 of the preceding year for lump-sum tax declarations for household businesses and individual business owners paying tax by the lump-sum method. For newly established household businesses or individual businesses, the deadline for submitting lump-sum tax declarations is no later than 10 days from the date of business commencement.

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Thus, the deadlines for submitting annual tax declarations are as follows:

- No later than the last day of the third month after the end of a calendar year or fiscal year for annual tax finalization documents; no later than the last day of the first month of the calendar year or fiscal year for annual tax declarations;

- No later than the last day of the fourth month after the end of the calendar year for finalizing individual income tax returns for individuals directly finalizing taxes;

- No later than December 15 of the preceding year for lump-sum tax declarations for household businesses and individual business owners paying tax by the lump-sum method. For newly established household businesses or individual businesses, the deadline for submitting lump-sum tax declarations is no later than 10 days from the date of business commencement.

What are cases where a taxpayer is not required to declare tax in Vietnam?

According to Clause 3, Article 7 of Decree 126/2020/ND-CP, supplemented by Clause 2, Article 1 of Decree 91/2022/ND-CP, taxpayers are not required to submit annual tax declarations in the following cases:

- Taxpayers only engage in activities or businesses exempt from tax according to tax laws applicable to each type of tax.

- Individuals with incomes exempt from tax according to personal income tax laws and the provisions of Point b, Clause 2, Article 79 of the Law on Tax Administration 2019, except for individuals receiving inheritance or gifts as real estate or transferring real estate.

- Export processing enterprises engaging solely in export activities are not required to submit VAT declarations.

- Taxpayers temporarily suspending activities or businesses according to Article 4 of Decree 126/2020/ND-CP.

- Taxpayers submitting a dossier to terminate the tax identification number, except in cases of business cessation, contract termination, or business reorganization according to Clause 4, Article 44 of the Law on Tax Administration 2019.