What forms are included in the VAT declaration dossier in Vietnam?

What forms are included in the VAT declaration dossier in Vietnam?

According to Section 2 Appendix 2 of Circular 80/2021/TT-BTC, the VAT declaration dossier includes the following forms:

- Form 01/GTGT: Value Added Tax declaration (applicable to taxpayers calculating tax using the deduction method with production and business activities). Here

- Form 01-2/GTGT: Appendix for allocation of payable VAT for hydropower production activities. Here

- Form 01-3/GTGT: Appendix for allocation of payable VAT for computerized lottery business activities. Here

- Form 01-6/GTGT: Appendix for VAT allocation (except hydropower production, computerized lottery business activities). Here

- Form 05/GTGT: VAT declaration (applicable to taxpayers calculating tax using the deduction method with construction activities and real estate transfers in provincial areas other than where the main office is located). Here

- Form 02/GTGT: VAT declaration (applicable to taxpayers calculating tax using the deduction method with investment projects subject to tax refund). Here

- Form 03/GTGT: VAT declaration (applicable to the purchase and processing of gold, silver, and precious stones calculated by the direct method on added value). Here

- Form 04/GTGT: VAT declaration (applicable to taxpayers calculating tax by the direct method on revenue). Here

What forms are included in the VAT declaration dossier in Vietnam? (Image from the Internet)

How to declare VAT quarterly in Vietnam?

According to point a, clause 1 and clause 2 of Article 9 Decree 126/2020/ND-CP, VAT declaration quarterly is regulated as follows:

- Quarterly VAT declaration is applicable to:

+ Taxpayers required to declare VAT monthly as stipulated in point a, clause 1 of Article 8 Decree 126/2020/ND-CP if their total revenue from the sale of goods and provision of services in the preceding year is 50 billion VND or less, they are allowed to declare VAT quarterly. The revenue from the sale of goods and provision of services is determined based on the total revenue on VAT declarations for tax periods in the calendar year.

In cases where taxpayers declare tax centrally at the main office for dependent units and business locations, the revenue from the sale of goods and provision of services includes the revenue of the dependent units and business locations.

+ New taxpayers starting their business operations can choose to declare VAT quarterly. After 12 full months of production and business activities, from the next calendar year, the declaration type (monthly or quarterly) will be based on the revenue of the preceding 12-month calendar year.

- Taxpayers are responsible for self-identifying if they meet the criteria for quarterly declaration to comply accordingly.

+ Taxpayers who meet the criteria for quarterly declaration may choose to declare monthly or quarterly consistently for the entire calendar year.

+ Taxpayers currently declaring monthly, if eligible for quarterly declaration and choose to switch, must submit a written request according to Appendix I of Decree 126/2020/ND-CP no later than January 31st of the year they start quarterly declaration. If the request is not submitted by this deadline, taxpayers must continue monthly declaration for the entire calendar year.

+ If taxpayers self-identify they no longer meet the criteria for quarterly declaration, they must switch to monthly declaration from the first month of the following quarter. They do not need to resubmit monthly declarations for previous quarters but must submit a document determining the additional monthly payable tax compared to the quarterly declarations as stipulated in Appendix I of Decree 126/2020/ND-CP and calculate late payment interest accordingly.

+ If the tax authority discovers that the taxpayer does not meet the criteria for quarterly declaration, it must recalibrate the additional monthly payable tax compared to the quarterly declarations and calculate late payment interest. Taxpayers must switch to monthly declaration upon receipt of the tax authority's notice.

What are cases that are exempt from VAT declaration and payment in Vietnam?

According to clause 3, Article 3 of Decree 209/2013/ND-CP, the following cases are exempt from VAT declaration and payment:

- Organizations and individuals receiving compensation, bonuses, support funds, emissions rights transfer funds, and other financial revenues.

- Organizations and individuals producing and trading in Vietnam purchasing services from foreign organizations without permanent establishments in Vietnam, and individuals residing abroad who are non-residents of Vietnam, including: repair of transportation means, machinery, equipment (including materials and replacement parts); advertising, marketing; investment and trade promotion; brokerage of goods and services provision; training; sharing of international postal and telecommunications service fees between Vietnam and foreign countries where these services are performed outside Vietnam.

- Organizations and individuals not conducting business and not being VAT payers when selling assets.

- Organizations and individuals transferring investment projects for the production and trading of VAT-liable goods and services to enterprises and cooperatives.

- Crop, livestock, and aquaculture products not yet processed into other products or only undergone simple preliminary processing sold to enterprises and cooperatives, except for cases specified in Clause 1, Article 5 of the VAT Law 2008.