What day is the December 20th of the lunar calender? Is December 15th the deadline for filing tax returns for household businesses in Vietnam in 2024?

What day is the December 20th of the lunar calender?

The December 20th will fall on Sunday, January 19, 2025. This is the time close to the Lunar New Year 2025.

Note: The information regarding the December 20th of the lunar calender is for reference only!

Is December 15th the deadline for filing tax returns for household businesses in Vietnam in 2024?

According to Official Dispatch 8478/CTNDI-HKDCN on tax administration for households and individual businesses in 2024, the specific regulations are as follows:

Official Dispatch 8478/CTNDI-HKDCN... Download

Deadline for filing tax returns

Based on Clause 3, Article 13 of Circular 40/2021/TT-BTC:

The deadline for filing tax returns for household businesses is no later than December 15th, 2024.

In cases where a household business starts operation for the first time (including those declaring a shift to the household method), or switches from a household method to another, or changes its business sector, or scale during the year, the deadline is no later than the 10th day from the start of business, method change, sector change, or scale change.

For household businesses using invoices issued by tax authorities on a per-transaction basis, the deadline is no later than the 10th day from the day revenue arises that requires invoice issuance.

Reference to Clause 3, Article 13 Circular 40/2021/TT-BTC provides detailed regulations on the deadline for filing tax returns for household businesses as follows:

Tax administration for household businesses

....

3. Deadline for filing tax returns

The deadline for filing tax returns for household businesses is stipulated in Point c, Clause 2, Clause 3, Article 44 of the Tax administration Law. To be specific:

a) The deadline for filing tax returns for household businesses is no later than December 15th of the preceding year for the tax year.

b) In cases where a household business starts operation for the first time (including those declaring a shift to the household method), or switches from a household method to another, or changes its business sector, or scale during the year, the deadline is no later than the 10th day from the start of business, method change, sector change, or scale change.

c) For household businesses using invoices issued by tax authorities on a per-transaction basis, the deadline is no later than the 10th day from the day revenue arises that requires invoice issuance.

....

Thus, according to these regulations, the deadline for filing tax returns for household businesses in 2024 is no later than December 15th, 2024.

What day is the December 20th of the lunar calender? Is December 15th the deadline for filing tax returns for household businesses in 2024? (Image from the Internet)

What is the licensing fee for household businesses in Vietnam in 2025?

According to Official Dispatch 8478/CTNDI-HKDCN on tax administration for households and individual businesses in 2024, the specific regulation on the licensing fee for household businesses in 2025 is as follows:

Official Dispatch 8478/CTNDI-HKDCN... Download

- Revenue over 500 million VND/year: 1,000,000 VND/year.

- Revenue from over 300 to 500 million VND/year: 500,000 VND/year.

- Revenue from over 100 to 300 million VND/year: 300,000 VND/year.

+ For household businesses (excluding individuals leasing property), the tax authority bases on tax returns and the tax administration database to determine the total revenue in 2024 from various sources and business locations of the household (excluding real estate lease revenue) as the basis to calculate the licensing fee payable for 2025 and notify the household.

+ For property leasing activities, the revenue basis for determining the licensing fee payable for 2025 is the total revenue from property leasing contracts in 2025 (excluding other business revenue).

+ For household businesses that have dissolved or temporarily ceased operations and then resumed, if unable to determine the previous year's revenue, the revenue used to determine the licensing fee is based on similar scale, location, and industry businesses.

+ For household businesses that have dissolved or temporarily ceased operations and resumed, if they resume in the first six months of the year, the full annual licensing fee applies, if in the last six months, 50% of the annual fee applies.

Who is responsible for paying the licensing fee in Vietnam?

According to Article 2 of Decree 139/2016/ND-CP, the specific regulation on who pays the licensing fee is as follows:

The licensing fee payers are organizations and individuals engaged in production and trading of goods and services, except in cases stipulated in Article 3 of Decree 139/2016/ND-CP, including:

- Enterprises established according to law.

- Organizations established under the Cooperative Law.

- Public service units established according to law.

- Economic organizations of political organizations, socio-political organizations, social organizations, social-professional organizations, and people's armed units.

- Other organizations engaged in production and business activities.

- Branches, representative offices, and business locations of organizations mentioned in Clauses 1, 2, 3, 4, and 5 of Article 2 Decree 139/2016/ND-CP (if any).

- Individuals, groups of individuals, and households engaged in production and business activities.