What is tax statement in Vietnam? What documents does a year-end tax statement include?

What is tax statement?

Based on Clause 10, Article 3 of the Tax Administration Law 2019, the concept of tax statement is defined as follows:

Definitions

In this Law, the following terms are understood as follows:

1. Tax is a mandatory state budget payment by organizations, households, business households, and individuals as stipulated by tax laws.

2. Other revenues under the state budget managed by tax authorities include:

a) Fees and charges as prescribed by the Law on Fees and Charges;

b) Land use fees paid into the state budget;

c) Land rental and water surface rental;

d) Fees for mineral exploitation rights;

dd) Fees for water resource exploitation rights;

e) Revenue from selling property on land, transferring land use rights as regulated by the Law on Management and Use of Public Property;

g) Revenue from administrative violations as prescribed by law on administrative violations in the fields of taxation and customs;

h) Late payment fees and other revenues as prescribed by law.

3. Other revenues under the state budget not managed by tax authorities include:

a) Fees for using marine areas for dumping as prescribed by the law on marine resources, environment, and islands;

b) Fees for protecting and developing rice cultivation land as prescribed by the law on land;

c) Revenue from administrative violations as prescribed by the law on administrative violations, except in the fields of taxation and customs;

d) Revenues paid into the state budget as prescribed by the law on management and use of public property from managing, using, exploiting public property for business purposes, leasing, joint ventures, after fulfilling tax, fee, and charge obligations;

dd) Aid revenue;

e) Other revenues as prescribed by law.

4. The taxpayer's headquarters is the location where the taxpayer conducts part or all of their business activities, including the head office, branches, stores, production sites, storage of goods, and locations where assets used for business are kept; the place of residence or place of tax obligation arises.

5. The tax identification number is a sequence of 10 or 13 digits and other characters issued by tax authorities to taxpayers for tax management purposes.

6. The tax period is the period to determine the amount of tax payable to the state budget according to tax laws.

7. The tax declaration is a document in the form prescribed by the Minister of Finance used by taxpayers to declare information to determine the amount of tax payable.

8. The customs declaration is a document in the form prescribed by the Minister of Finance used as a tax declaration for exported and imported goods.

9. The tax dossier is a dossier for taxpayer registration, tax declaration, tax refund, tax exemption, tax reduction, late payment interest exemption, no late payment interest calculation, tax payment deferral, installment tax debt payment, no tax collection; customs dossiers; tax debt deferral dossiers; tax debt write-off dossiers, including late payment interest and fines.

10. tax statement declaration is the determination of the taxable amount for the tax year or the period from the beginning of the tax year until terminating activities generating tax obligations or the period from when tax obligations arise until terminating activities generating tax obligations according to the law.

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Thus, according to the regulation, tax statement declaration is the determination of the tax amount payable for the tax year or the period from the beginning of the tax year until the cessation of activities generating tax obligations or the period from when tax obligations arise until the termination of such activities as prescribed by law.

What is tax statement in Vietnam? What documents does a year-end tax statement include? (Image from the Internet)

Vietnam: What documents does a year-end tax statement include?

Based on Clause 2, Article 43 of the Tax Administration Law 2019, the regulations on tax declaration dossiers are as follows:

Tax Declaration Dossiers

1. The tax declaration dossier for types of tax declared and paid monthly is the monthly tax declaration.

2. The tax declaration dossier for types of tax declared and paid quarterly is the quarterly tax declaration.

3. The tax declaration dossier for types of tax with annual tax periods includes:

a) The annual tax declaration dossier includes the annual tax declaration and other related documents for determining the tax payable;

b) The year-end tax statement dossier includes the annual tax statement declaration, annual financial statements, affiliated transaction declarations; and other relevant documents related to tax statement.

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Thus, according to the above regulation, the year-end tax statement dossier includes:

[1] Annual tax statement declaration

[2] Annual financial statements

[3] Affiliated transaction declarations

[4] Other relevant documents related to tax statement

Does the tax declaration dossier upon business re-arrangement require a tax statement in Vietnam?

Based on Clause 6, Article 43 of the Tax Administration Law 2019, the regulations on tax declaration dossiers are as follows:

Tax Declaration Dossiers

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6. The tax declaration dossier for terminating activities, terminating contracts, converting the type of enterprise, reorganizing enterprise includes:

a) tax statement declaration;

b) Financial statements up to the time of termination of activities or termination of contracts or conversion of the type of enterprise or reorganizing enterprise;

c) Other relevant documents related to tax statement.

Thus, according to the above regulation, the tax declaration dossier upon business re-arrangement requires a tax statement.