What is the deadline for submitting a tax declaration dossier for household and individual businesses under periodic declarations in Vietnam?

Vietnam: What does the tax declaration dossier for household and individual businesses under periodic declarations include?

Pursuant to Clause 1, Article 11 of Circular 40/2021/TT-BTC, the regulations are as follows:

Tax Management for household and individual businesses under periodic declarations

1. tax declaration dossier

The tax declaration dossier for household and individual businesses under periodic declarations is specified in point 8.2 Appendix I – List of tax declaration dossiers issued together with Decree No. 126/2020/ND-CP dated October 19, 2020, of the Government of Vietnam. Specifically:

a) Tax declaration form for household and individual businesses according to Form No. 01/CNKD issued together with this Circular;

b) Appendix of the Business Activity Schedule during the period for household and individual businesses (applied to those under periodic declarations) according to Form No. 01-2/BK-HDKD issued together with this Circular. In case household and individual businesses under periodic declarations have a basis to determine revenue according to the confirmation of a competent authority, they are not required to submit the Appendix Schedule Form No. 01-2/BK-HDKD issued together with this Circular.

2. Place for Submitting the tax declaration dossier

The place for submitting the tax declaration dossier for household and individual businesses under periodic declarations is specified in Clause 1, Article 45 of the Tax Management Law: the Sub-department of Taxes managing directly the location where the household and individual businesses conduct their production and business activities.

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The tax declaration dossier for household and individual businesses under periodic declarations includes:

- Tax declaration form for household and individual businesses

- Appendix of the Business Activity Schedule during the period for household and individual businesses (applied to those under periodic declarations)

In case household and individual businesses under periodic declarations have a basis to determine revenue according to confirmation by competent authority, they are not required to submit the above-mentioned Appendix Schedule.

What is the deadline for submitting a tax declaration dossier for household and individual businesses under periodic declarations in Vietnam? (Image from the Internet)

What is the deadline for Submitting a tax declaration dossier for household and individual businesses under periodic declarations in Vietnam?

Pursuant to Clause 3, Article 11 of Circular 40/2021/TT-BTC, the regulations are as follows:

Tax Management for household and individual businesses under periodic declarations

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3. Deadline for Submitting the tax declaration dossier

The deadline for submitting the tax declaration dossier for household and individual businesses under periodic declarations is specified in Clause 1, Article 44 of the Tax Management Law. Specifically:

a) The deadline for submitting the tax declaration dossier for household and individual businesses under periodic declarations monthly is no later than the 20th of the month following the month in which the tax obligation arises.

b) The deadline for submitting the tax declaration dossier for household and individual businesses under periodic declarations quarterly is no later than the last day of the first month of the quarter immediately following the quarter in which the tax obligation arises.

4. Deadline for Tax Payment

The deadline for tax payment for household and individual businesses under periodic declarations is executed according to the provisions in Clause 1, Article 55 of the Tax Management Law, specifically: The deadline for tax payment is no later than the last day of the deadline for submitting the tax declaration dossier. In case of additional tax declaration dossier submission, the deadline for tax payment is the deadline for submitting the tax declaration dossier of the tax period with errors, omissions.

5. Tax Declaration Obligation in Case of Temporary Suspension of Activities, Business

In case household and individual businesses temporarily suspend their activities, business, they must notify the tax authority as prescribed in Article 91 of Decree No. 01/2021/ND-CP dated November 4, 2021, of the Government of Vietnam, Article 4 of Decree No. 126/2020/ND-CP dated October 19, 2020, of the Government of Vietnam, Article 12 of Circular No. 105/2020/TT-BTC dated December 3, 2020, of the Ministry of Finance guiding taxpayer registration and are not required to submit the tax declaration dossier, except for cases where household and individual businesses temporarily suspend activities, business not fully within a month if declaring taxes monthly or not fully within a quarter if declaring taxes quarterly.

The time limits for submitting a tax declaration dossier for household and individual businesses under periodic declarations are:

- For the monthly declaration method, no later than the 20th of the month following the month in which the tax obligation arises.

- For the quarterly declaration method, no later than the last day of the first month of the quarter immediately following the quarter in which the tax obligation arises.

What are the procedures for submitting tax dossier by the declaration method in Vietnam?

According to the provisions in Clause 2, Article 11 of Circular 40/2021/TT-BTC as follows:

Tax Management for household and individual businesses under periodic declarations

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2. Place for Submitting the tax declaration dossier

The place for submitting the tax declaration dossier for household and individual businesses under periodic declarations is specified in Clause 1, Article 45 of the Tax Management Law is the Sub-department of Taxes managing directly the location where the household and individual businesses conduct their production and business activities.

3. Deadline for Submitting the tax declaration dossier

The deadline for submitting the tax declaration dossier for household and individual businesses under periodic declarations is specified in Clause 1, Article 44 of the Tax Management Law. Specifically:

a) The deadline for submitting the tax declaration dossier for household and individual businesses under periodic declarations monthly is no later than the 20th of the month following the month in which the tax obligation arises.

b) The deadline for submitting the tax declaration dossier for household and individual businesses under periodic declarations quarterly is no later than the last day of the first month of the quarter immediately following the quarter in which the tax obligation arises.

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Thus, business households under periodic declarations submit the tax declaration dossier to the Tax Sub-department at the locality where these business households conduct their production and business activities.