What documents are required for the tax declaration dossier of taxes that are declared and paid annually in Vietnam?

What documents are required for the tax declaration dossier of taxes that are declared and paid annually in Vietnam?

According to Clause 3 Article 43 of the Law on Tax Administration 2019, the tax declaration dossier of taxes that are declared and paid annually includes:

- The annual tax declaration dossier includes the annual tax return and other related documents used to determine the amount of tax payable;

- The tax finalization declaration file at the end of the year includes the annual tax finalization return, the annual financial statement, the transfer pricing declaration; and other related documents for tax finalization.

What documents are required for the tax declaration dossier of taxes that are declared and paid annually in Vietnam? (Image from the Internet)

What is the deadline for submitting the tax declaration dossier of taxes that are declared and paid annually in Vietnam?

According to Clause 2 Article 44 of the Law on Tax Administration 2019, the deadlines for submitting the tax declaration dossier of taxes that are declared and paid annually are as follows:

- No later than the last day of the third month from the end of the calendar year or fiscal year for the annual tax finalization file; no later than the last day of the first month of the calendar year or fiscal year for the annual tax declaration dossier;

- No later than the last day of the fourth month from the end of the calendar year for the personal income tax finalization file for individuals who directly finalize their taxes;

- No later than December 15 of the preceding year for the tax declaration dossier of business households and individual businesses paying tax According to the presumed method; in the case of new business households and individual businesses, the deadline for submitting the tax declaration dossier is no later than 10 days from the start of business.

What are regulations on the tax declaration dossier in Vietnam?

According to Article 43 of the Law on Tax Administration 2019, the tax declaration dossier includes:

- The tax declaration dossier for taxes declared and paid monthly is the monthly tax return.

- The tax declaration dossier for taxes declared and paid quarterly is the quarterly tax return.

- The tax declaration dossier of taxes that are declared and paid annually includes:

+ The annual tax declaration dossier includes the annual tax return and other related documents used to determine the amount of tax payable;

+ The tax finalization declaration file at the end of the year includes the annual tax finalization return, the annual financial statement, the transfer pricing declaration; and other related documents for tax finalization.

- The tax declaration dossier for taxes declared and paid per each occurrence of tax obligation includes:

+ Tax return;

+ Invoice, contract, and other documents related to the tax obligation as prescribed by law.

- For exported, imported goods, the customs dossier as prescribed by the Customs Law 2014 is used as the tax declaration dossier.

- The tax declaration dossier for cases of terminating activities, terminating contracts, changing types of enterprises, reorganizing enterprises includes:

+ Tax finalization return;

+ Financial statement up to the point of activity termination, contract termination, type of enterprise change, or company reorganization;

+ Other related documents for tax finalization.

- The country-by-country profit report in cases where the taxpayer is the ultimate parent company of a group in Vietnam that engages in cross-border transactions and has global consolidated revenue exceeding the prescribed threshold or the taxpayer has an ultimate parent company overseas, where the ultimate foreign parent company is obligated to prepare the country-by-country profit report under the laws of its home country.

When are tax declaration dossiers not required in Vietnam?

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

- Taxpayers only have activities or businesses that fall under the category not subject to tax as prescribed by tax law for each type of tax.

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

- Export processing enterprises that only have export activities are not required to submit value-added tax declaration dossiers.

- Taxpayers temporarily ceasing their activities or businesses as prescribed in Article 4 of Decree 126/2020/ND-CP.

- Taxpayers submitting dossiers to terminate the validity of tax codes, except in cases of terminating activities, terminating contracts, or reorganizing enterprises according to Clause 4 Article 44 of the Law on Tax Administration 2019.