What day is October 20, 2024? Is it allowed to submit tax returns in Vietnam after October 20, 2024?

What day is October 20, 2024?

Based on Article 44 of the Law on Tax Administration 2019, the regulations are as follows:

Tax return filing deadlines

1. The tax return filing deadlines for taxes declared on a monthly or quarterly basis are prescribed as follows:

a) No later than the 20th day of the month following the month in which the tax obligation arises, for cases of monthly declarations and payments;

b) No later than the last day of the first month of the quarter following the quarter in which the tax obligation arises, for cases of quarterly declarations and payments.

According to the regulation, the upcoming October 20 is the deadline for submitting tax returns and paying taxes for monthly-declared taxes for the tax period of September, falling on a Sunday.

However, since October 20, 2024, falls on a weekend, it will be postponed to the next business day according to Article 86 of the Circular 80/2021/TT-BTC, which is October 21, 2024.

In the case of electronic tax filing and payment, the submission time still must comply with Article 44 of the Law on Tax Administration 2019 and Article 8 of the Circular 19/2021/TT-BTC.

What day is October 20, 2024? Is it allowed to submit tax returns in Vietnam after October 20, 2024? (Image from the Internet)

Is it allowed to submit tax returns in Vietnam after October 20, 2024?

According to the regulation, October 20 is the deadline for submitting tax returns for monthly-declared taxes for the tax period of September.

However, since October 20, 2024, falls on a weekend, it will be postponed to the next business day according to Article 86 of the Circular 80/2021/TT-BTC, which is October 21, 2024. (except in cases of electronic tax filing and payment)

Thus, if taxpayers file tax returns directly after October 21, 2024, they will be subject to administrative penalties for violating the deadline for submitting tax returns.

Specifically, based on Article 13 of Decree 125/2020/ND-CP, the penalty for violations regarding tax return filing deadlines is as follows:

(1) A warning for late filing from 01 day to 05 days with mitigating circumstances.

(2) A fine from 2,000,000 VND to 5,000,000 VND for late filing from 01 day to 30 days, excluding the cases specified in clause 1 of this Article.

(3) A fine from 5,000,000 VND to 8,000,000 VND for late filing from 31 days to 60 days.

(4) A fine from 8,000,000 VND to 15,000,000 VND for the following acts:

- Late filing from 61 days to 90 days;

- Late filing from 91 days or more without tax obligation;

- Not submitting tax returns without tax obligation;

- Not submitting annexes as required in tax management with affiliated transactions attached to corporate income tax finalization dossiers.

(5) A fine from 15,000,000 VND to 25,000,000 VND for late filing over 90 days from the deadline, with tax payable and the taxpayer has fully paid the tax amount, late payment to the state budget before the tax authority issues the tax inspection decision or before the tax authority makes a record of the late tax filing act according to clause 11 of Article 143 of the Law on Tax Administration 2019.

Regarding remedial measures:

- The taxpayer is required to fully pay the late payment tax amount to the state budget against the violations specified in clauses 1, 2, 3, 4, and 5 of Article 13 of Decree 125/2020/ND-CP if the late filing leads to late tax payment;

- Required to submit tax returns and annexes along with tax returns for the actions specified in points c and d of clause 4 of Article 13 of Decree 125/2020/ND-CP.

Note: The above fines are applicable to organizations. The fine for individuals is half that of organizations.

For taxpayers who are households or business households, the fine is the same as for individuals.

How long is the extension period for submitting tax returns in Vietnam?

According to Article 46 of the Law on Tax Administration 2019, the regulations are as follows:

Extension for submitting tax returns

1. Taxpayers unable to file tax returns on time due to natural disasters, disasters, epidemics, fires, unexpected accidents are granted an extension for submitting tax returns by the head of the directly managing tax authority.

2. The extension period is not more than 30 days for monthly, quarterly, annual tax returns, or taxes declared for each occurrence of tax obligation; 60 days for final tax return filing from the deadline.

3. Taxpayers must send a written request for an extension to the tax authority before the tax return filing deadline, stating the reasons for the extension and confirmed by the commune-level People's Committee or the commune, ward, township police where the extension case arises as defined in clause 1 of this Article.

4. Within 03 working days from receiving the extension request, the tax authority must respond in writing to the taxpayer about acceptance or rejection of the tax return filing extension.

Thus, the extension period for submitting tax returns is:

- Not more than 30 days for monthly, quarterly, or annual tax returns, or taxes declared for each occurrence;

- Not more than 60 days for final tax returns from the filing deadline.