What is the deadline for submitting fixed tax declaration dossiers for new household and individual businesses in Vietnam?
What is the deadline for submitting fixed tax declaration dossiers for new household businesses and individual businesses in Vietnam?
Pursuant to Point c, Clause 2, Article 44 of the Law on Tax Administration 2019, the deadline for submitting tax declaration dossiers is stipulated as follows:
Deadline for submitting tax declaration dossiers
- The deadline for submitting tax declaration dossiers for monthly and quarterly tax declarations is stipulated as follows:
a) No later than the 20th day of the following month for monthly declarations and submissions;
b) No later than the last day of the first month of the following quarter for quarterly declarations and submissions.
- The deadline for submitting tax declaration dossiers for annual tax periods is stipulated as follows:
a) No later than the last day of the third month following the end of the calendar year or fiscal year for annual tax settlement dossiers; no later than the last day of the first month of the calendar year or fiscal year for annual tax declaration dossiers;
b) No later than the last day of the fourth month following the end of the calendar year for personal income tax settlement dossiers submitted directly by individuals;
c) No later than December 15 of the preceding year for turnover tax declaration dossiers of household and individual businesses paying tax by the turnover-based method; for new household and individual businesses, the deadline for submitting turnover tax declaration dossiers is no later than 10 days from the start of business.
- The deadline for submitting tax declaration dossiers for taxes declared and submitted upon each occurrence of tax obligations is no later than the 10th day from the date of the tax obligation arising.
- The deadline for submitting tax declaration dossiers for cases of termination of operation, contract, or business reorganization is no later than the 45th day from the occurrence of the event.
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Thus, the deadline for submitting turnover tax declaration dossiers for new household and individual businesses is no later than 10 days from the start of business.
What is the deadline for submitting fixed tax declaration dossiers for new household and individual businesses in Vietnam? (Image from the Internet)
What is the basis for determining fixed tax for household businesses and individual businesses in Vietnam?
According to Clause 1, Article 13 of Circular 40/2021/TT-BTC, the basis for determining fixed tax for household and individual businesses is as follows:
- Tax declaration dossiers of households subject to fixed tax are self-declared by the households based on estimated revenue and turnover tax of the tax year;
- The tax authority's database;
- Consultative opinions from the commune-level tax advisory council;
- The results of public disclosure of information and receipt of feedback from the tax advisory council, People's Committee, People's Council, Vietnam Fatherland Front of commune, ward, commune-level town, households subject to fixed tax, and other organizations and individuals.
Public disclosure of information for turnover-based households involves tax authorities organizing public disclosure and receiving feedback on revenue and turnover tax levels for these households in accordance with regulations. The initial public disclosure is to gather opinions on anticipated revenue and turnover tax levels; the second disclosure is for gathering opinions on official revenue and turnover tax levels payable for the tax year. Public disclosure includes posting information on paper at the local area; direct delivery to turnover-based households; direct delivery to the People's Council, People's Committee, Vietnam Fatherland Front of district, commune, ward, commune-level town; and public disclosure on the Tax Industry's website.
How to compile fixed tax declaration dossiers for household and individual businesses in Vietnam?
According to Clause 2, Article 13 of Circular 40/2021/TT-BTC, the preparation of fixed tax declaration dossiers for household and individual businesses is as follows:
(1) For households renting out property: Tax declaration form for household and individual businesses according to Form No. 01/CNKD issued together with Circular 40/2021/TT-BTC.
Download Form 01/CNKD Tax declaration form for household and individual businesses
(2) For households using invoices issued by the tax authority, retailing on each occurrence, when declaring tax on revenue on retail invoices, the households declare taxes on each occurrence and use the tax declaration form for household and individual businesses according to Form No. 01/CNKD issued together with Circular 40/2021/TT-BTC, simultaneously presenting and submitting the following documents with the tax declaration dossier:
- Copy of the economic contract providing goods or services in the same trade with the household's business activity;
- Copy of acceptance report, contract liquidation;
- Copy of documents proving the origin of goods or services, such as: Purchase list of agricultural products if the goods are domestic agricultural products; Purchase list of goods traded, exchanged by border residents if the goods are imported by border residents; Invoices from sellers if the goods are imported and purchased from domestic business organizations or individuals; relevant documents for evidence if the goods are self-produced and supplied by individuals;...
Additionally, the tax authority has the right to request the presentation of originals to verify the accuracy of copies compared with original documents.
