What are the deadlines for VAT declaration in Vietnam?

What are the deadlines for VAT declaration in Vietnam?

According to point a, clause 1, point a, clause 4, Article 8 of Decree 126/2020/ND-CP as follows:

Taxes declared monthly, quarterly, annually, each time tax obligation arises, and tax finalization

1. Types of taxes and other revenue items under the state budget managed by the tax authority for monthly declarations include:

a) Value-added tax, personal income tax. In cases where the taxpayer meets the criteria stipulated in Article 9 of this Decree, they may choose to declare quarterly.

b) Special consumption tax.

c) Environmental protection tax.

d) Resource tax, excluding resource tax stipulated at point e of this clause.

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4. Types of taxes and other revenue items under the state budget declared for each incidence, including:

a) Value-added tax for taxpayers as specified in clause 3, Article 7 of this Decree or taxpayers declaring value-added tax directly on value-added basis according to the provisions of the law on value-added tax in case of incurring VAT obligations from real estate transfer activities.

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Value-added tax (VAT) is a type of tax that can be declared monthly, quarterly, or each time an obligation arises.

According to clause 1, clause 3, Article 44 of the Law on Tax Administration 2019:

Deadline for submission of tax declaration dossiers

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

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

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

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3. The deadline for submitting tax declaration dossiers for taxes declared and paid each time the tax obligation arises is no later than the 10th day from the date the tax obligation arises.

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Thus, for VAT declared monthly, the last day of the VAT declaration period is the 20th of the month following the month the obligation arises. For VAT declared quarterly, the last day of the declaration period is the last day of the first month of the quarter following the quarter the obligation arises. For VAT declared each time, the last day of the declaration period is the 10th day from the date the obligation arises.

What are the deadlines for VAT declaration in Vietnam? (Image from the Internet)

When is value-added tax declared monthly in Vietnam?

Based on clause 1, Article 8 of Decree 126/2020/ND-CP it is stipulated as follows:

Taxes declared monthly, quarterly, annually, each time tax obligation arises, and tax finalization

1. Types of taxes and other revenue items under the state budget managed by the tax authority for monthly declarations include:

a) Value-added tax, personal income tax. In cases where the taxpayer meets the criteria stipulated in Article 9 of this Decree, they may choose to declare quarterly.

b) Special consumption tax.

c) Environmental protection tax.

d) Resource tax, excluding resource tax stipulated at point e of this clause.

...

Value-added tax is a type of tax that organizations and individuals declare monthly. However, if the taxpayer meets the conditions to declare quarterly, they can choose one of the two forms of monthly or quarterly declarations.

Who are value-added taxpayers in Vietnam?

Based on the provisions of clause 1, clause 2, Article 2, Decree 209/2013/ND-CP, the entities responsible for paying value-added tax include:

- Entities liable for value-added tax are organizations, individuals producing and trading goods and services subject to VAT (hereinafter referred to as businesses) and organizations, individuals importing goods subject to VAT (hereinafter referred to as importers).

- Organizations and individuals producing and conducting business in Vietnam that purchase services (including purchasing services associated with goods) from foreign organizations not having a permanent establishment in Vietnam and foreigners who are non-residents in Vietnam will be liable for VAT, except in cases where VAT declaration and payment are not required as specified in Point b, Clause 3, Article 2 of Decree 209/2013/ND-CP.

Note: Provisions on permanent establishments and individuals who are non-residents at this clause follow the regulations of corporate income tax law and personal income tax law.