What is the deadline for submitting tax declarations for the tax period of August 2024 in Vietnam On what date does the deadline fall?
What is the deadline for submitting tax declarations for the tax period of August 2024 in Vietnam On what date does the deadline fall?
Under the provisions of Clause 1, Article 44 of the Law on Tax Administration 2019 regarding the deadline for submitting monthly tax declaration dossiers:
Deadlines for submission of tax declaration dossiers
1. Deadlines for submission of tax declaration dossiers of taxes declared monthly and quarterly:
a) For taxes declared monthly: the 20th of the month succeeding the month in which tax is incurred;
b) For taxes declared quarterly: the last day of the first month of the succeeding quarter.
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The deadline for submitting monthly tax declaration dossiers is no later than the 20th of the month succeeding the month in which tax is incurred.
Thus, the deadline for submitting tax declarations for the tax period of August 2024 is September 20, 2024, which falls on a Friday.
What is the deadline for submitting tax declarations for the tax period of August 2024 in Vietnam On what date does the deadline fall? (Image from the Internet)
What are the penalties for late submission of tax declaration dossiers in Vietnam?
Under Article 13 of Decree 125/2020/ND-CP regulating penalties for late submission of tax declaration dossiers:
| No. | Penalty | Violation |
|---|---|---|
| 1 | Warning | Submitting tax declaration dossiers 1 to 5 days late with mitigating circumstances. |
| 2 | Fine from 2,000,000 VND to 5,000,000 VND | Submitting tax declaration dossiers 1 to 30 days late, except case 1. |
| 3 | Fine from 5,000,000 VND to 8,000,000 VND | Submitting tax declaration dossiers 31 to 60 days late. |
| 4 | Fine from 8,000,000 VND to 15,000,000 VND | For one of the following acts: - Submitting tax declaration dossiers 61 to 90 days late; - Submitting tax declaration dossiers from 91 days late or more without a tax payable amount arising; - Failing to submit tax declaration dossiers without a tax payable amount arising; - Failing to submit annexes as per tax administration regulations for enterprises with associated transactions with the corporate income tax finalization files. |
| 5 | Fine from 15,000,000 VND to 25,000,000 VND | Submitting tax declaration dossiers more than 90 days late since the deadline for submitting tax declaration dossiers, with tax payable amount arising and the taxpayer has fully paid the tax amount, late payment amount into the state budget before the tax authority announces the tax inspection, tax audit decision or before the tax authority records the violation of late submission of tax declaration dossiers as per Clause 11 Article 143 of the Law on Tax Administration 2019. |
Regarding remedial measures:
- Taxpayers who violate are required to pay the late payment amount to the state budget for violations as prescribed in Clauses 1, 2, 3, 4, and 5, Article 13 of Decree 125/2020/ND-CP in case the delay leads to late payment of taxes;
- Required to submit tax declaration dossiers, annexes along with tax declaration dossiers for violations as prescribed in Points c, d Clause 4 Article 13 of Decree 125/2020/ND-CP.
Note: The above fines apply to organizations. The fines for individuals are 1/2 of those for organizations.
For taxpayers who are households, household businesses will be fined similarly to individuals.
What are the cases of extension of the deadline for submitting tax declaration dossiers in Vietnam?
Under the provisions of Article 46 of the Law on Tax Administration 2019 regarding the extension of the deadline for submitting tax declaration dossiers:
Deadline extension
1. In case a taxpayer is unable to submit the tax declaration dossier by the deadline due to a natural disaster, epidemic, fire or accident, the head of the supervisory tax authority will consider extending the deadline for submission.
2. The deadline shall be extended for up to 30 more days for monthly, quarterly, annual declarations and declaration upon tax incurrence; 60 more days for terminal tax declaration.
3. The taxpayer shall send a written request for deadline extension to the tax authority before the deadline, provide explanation and confirmation by the People’s Committee or police authority of the commune in which the event mentioned in Clause 1 of this Article occurred.
4. Within 03 working days from the day on which the taxpayer’s request is received, the tax authority shall inform the taxpayer in writing of whether such request is granted.
Thus, in case a taxpayer is unable to submit the tax declaration dossier by the deadline due to a natural disaster, epidemic, fire or accident, the head of the supervisory tax authority will consider extending the deadline for submission.
Note: The deadline shall be extended for up to 30 more days for monthly, quarterly, annual declarations and declaration upon tax incurrence; 60 more days for terminal tax declaration.
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