What is the deadline for submitting personal income tax returns in Vietnam for January 2025? What does the tax return for January 2025 include?v

What is the deadline for submitting personal income tax returns in Vietnam for January 2025?

Pursuant to Clause 1, Article 44 of the Law on Tax Administration 2019 stipulating the submission timelines for personal income tax returns as follows:

Deadline for submitting tax returns

1. The deadline for submitting tax returns for taxes declared monthly or quarterly is as follows:

a) No later than the 20th of the following month for monthly declarations;

b) No later than the last day of the first month of the following quarter for quarterly declarations.

2. The deadline for submitting tax returns for taxes calculated annually is as follows:

a) No later than the last day of the third month from the end of the calendar year or fiscal year for annual tax finalizations; no later than the last day of the first month of the calendar or fiscal year for annual tax returns;

b) No later than the last day of the fourth month from the end of the calendar year for individual income tax finalizations directly filed by individuals;

c) No later than December 15 of the preceding year for estimated tax returns of business households and business individuals taxed on a presumptive basis; for new business households or individuals, the deadline is no later than 10 days from the start of business operations.

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Thus, the deadline for submitting personal income tax returns for the tax period of January 2025 is no later than the 20th of the following month, which is February 20, 2025.

What is the deadline for submitting personal income tax returns in Vietnam for January 2025? What does the tax return for January 2025 include? (Image from the Internet)

When shall the deadline for submitting personal income tax returns be extended in Vietnam?

According to Article 46 of the Law on Tax Administration 2019, tax payers can have their submission deadlines extended if they are unable to meet the deadline due to natural disasters, calamities, epidemics, fires, or unexpected accidents. The head of the directly managing tax authority may grant an extension for submission.

The extension period for tax return submission is as follows:

- The extension is not more than 30 days for submitting monthly, quarterly, annual tax returns, and returns for taxes that arise sporadically; 60 days for submitting annual tax finalizations from the date when the tax return submission was originally due.

- Tax payers must submit a written request for an extension to the tax authority before the deadline, clearly stating the reason for the extension request, with confirmation from the commune-level People's Committee or police where the extension case arises.

- Within 3 working days from the receipt of the extension request, the tax authority must respond in writing to the tax payer regarding the acceptance or rejection of the extension request.

Vietnam: What does the personal income tax return for January 2025 include?

Pursuant to Clause 2, Article 43 of the Law on Tax Administration 2019 stipulating the tax declaration dossier as follows:

Tax declaration dossier

1. The tax return for taxes declared and paid monthly is the monthly tax return.

2. The tax return for taxes declared and paid quarterly is the quarterly tax return.

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Additionally, Clause 1, Article 7 of Decree 126/2020/ND-CP provides guidance on tax declaration dossiers as follows:

- The tax return consists of the tax declaration and related documents and materials used as a basis to determine the tax obligation of the tax payer with the state budget, which the tax payer prepares and submits to the tax administration electronically or on paper.

- Tax payers must declare tax returns, lists, and appendices (if any) according to the forms prescribed by the Minister of Finance and are responsible under the law for the accuracy, honesty, and completeness of the content in the tax return, list, and appendices; submit all documents and materials as prescribed in the tax declaration dossier to the tax authority. For certain documents in the tax declaration dossier for which the Ministry of Finance has not issued a form, but relevant legal provisions specify a form, then it should follow the regulations of the relevant legislation.

Thus, the tax return for personal income tax for January 2025 includes the personal income tax declaration form No. 05/KK-TNCN issued alongside Circular 80/2021/TT-BTC and related documents and materials used as a basis to determine the tax payer's obligations to the state budget, prepared and submitted by the tax payer to the tax authority electronically or on paper.

Download form 05/KK-TNCN personal income tax declaration

What are the responsibilities of the tax administration authority in receiving personal income tax returns in Vietnam?

According to Article 48 of the Law on Tax Administration 2019, the responsibilities of the tax administration authority in receiving personal income tax returns are as follows:

- The tax administration authority receives tax returns from taxpayers through the following methods:

+ Directly receiving dossiers at the tax administration authority;

+ Receiving dossiers sent via postal services;

+ Receiving electronic dossiers through the tax administration authority's electronic portal.

- The tax administration authority upon receiving tax returns must notify about the receipt of tax returns; in cases where the dossier is not legitimate, not complete, or not in the prescribed form, they must inform the tax payer within 3 working days from the date of receiving the dossier.