What day is March 8, 2025? What is the deadline for submitting VAT tax returns in Vietnam for March 2025?

What day is March 8, 2025?

According to the calendar for March 2025 as follows:

Thus, March 8, 2025 will be on a Saturday, and it is also International Women's Day – a day to honor and appreciate the contributions of women worldwide.

This information is for reference only!

What day is March 8, 2025? What is the deadline for submitting VAT tax returns in Vietnam for March 2025? (Image from the Internet)

What is the deadline for submitting VAT tax returns in Vietnam for March 2025?

According to Clause 1, Article 44 of the 2019 Law on Tax Administration which stipulates the deadlines for submitting tax returns as follows:

Tax return submitting deadlines

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

a) No later than the 20th day of the month following the month in which tax obligations arise in the case of monthly declarations and payments;

b) No later than the last day of the first month of the quarter following the quarter in which tax obligations arise in the case of quarterly declarations and payments.

...

Accordingly, the deadline for submitting the VAT tax return for March 2025 is no later than Sunday, April 20, 2025.

When to submit monthly VAT tax returns in Vietnam?

Based on Point a, Clause 1, Article 8 of Decree 126/2020/ND-CP, which provides as follows:

Types of taxes declared monthly, quarterly, annually, per each occurrence of tax obligations, and tax finalization declarations

1. Types of taxes and other revenue under the state budget that are managed and collected by tax authorities to be declared monthly include:

a) Value-added tax, personal income tax. In cases where taxpayers meet the criteria specified in Article 9 of this Decree, they may opt to declare quarterly.

b) Special consumption tax.

c) Environmental protection tax.

d) Natural resource tax, except for the natural resource tax specified in Point e of this Clause.

đ) Fees and charges belonging to the state budget (excluding fees and charges collected by the representative offices of the Socialist Republic of Vietnam abroad as stipulated in Article 12 of this Decree; customs fees; transit goods, baggage, transportation fees).

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Reference to the provisions of Point a, Clause 1, Article 9 of Decree 126/2020/ND-CP, which provides as follows:

Criteria for quarterly tax declaration for value-added tax and personal income tax

1. Criteria for quarterly tax declaration

a) Value-added tax declaration on a quarterly basis applies to:

a.1) Taxpayers who are required to declare value-added tax monthly, as provided for at Point a, Clause 1, Article 8 of this Decree, if the total revenue from selling goods and providing services of the preceding year is 50 billion VND or less, may declare quarterly. Revenue from selling goods and providing services is determined as the total revenue on value-added tax returns for the fiscal year.

In the case where taxpayers centralize their tax declaration at the headquarters for dependent units, business locations, the revenue from selling goods and providing services shall include the revenue of the dependent units, business locations.

a.2) In cases where taxpayers are newly starting operations or business, they may choose to declare value-added tax quarterly. After 12 full months of business operations, starting from the successive calendar year, they shall based on the revenue of the preceding full 12-month calendar year to declare value-added tax on a monthly or quarterly basis.

b) Personal income tax declaration on a quarterly basis is as follows:

b.1) Taxpayers required to declare personal income tax monthly, as provided for at Point a, Clause 1, Article 8 of this Decree, if meeting the conditions for quarterly value-added tax declaration, may opt to declare personal income tax quarterly.

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Thus, typically, taxpayers must submit VAT tax returns on a monthly basis, unless they meet the following criteria, which would allow them to choose to declare and file VAT tax returns on a quarterly basis:

- If their total revenue from selling goods and providing services in the preceding year is 50 billion VND or less.

- For newly started business operations, they may choose to declare value-added tax quarterly. After 12 full months of business operations, starting from the successive calendar year after having 12 full months, they shall base tax declarations on the revenue of the preceding calendar year to declare value-added tax on a monthly or quarterly basis.