What is the deadline to submit the PIT return and pay PIT in Vietnam for the tax period of August 2024?

What is the deadline to submit the tax return in Vietnam for the tax period of August 2024?

Based on the provisions of Clause 1, Article 44 of the Law on Tax Administration 2019 regarding the deadline for monthly tax return submission as follows:

Deadline for submitting tax returns

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

a) No later than the 20th of the following month after the month of tax obligation arises for cases of monthly declaration and submission;

b) No later than the last day of the first month of the following quarter after the quarter in which the tax obligation arises for cases of quarterly declaration and submission.

2. The deadline for submitting tax returns for taxes calculated on an annual basis is stipulated 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 finalization dossiers; no later than the last day of the first month of the calendar year 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 personal income tax finalization dossiers of individuals who self-finalize taxes;

c) No later than December 15 of the preceding year for tax return dossiers of business households and individuals paying taxes on a presumptive basis; in case of new business, the deadline for submitting the tax return on a presumptive basis is within 10 days from the start date of business.

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The deadline for submitting tax returns for taxes declared monthly is no later than the 20th of the following month after the month of tax obligation arises.

Accordingly, the deadline for submitting the personal income tax return for the tax period of August 2024 is no later than September 20, 2024, which falls on a Friday.

What is the deadline to submit the PIT return and pay PIT in Vietnam for the tax period of August 2024? (Image from Internet)

What is the deadline to pay taxes in Vietnam for the tax period of August 2024?

Based on Clause 1, Article 55 of the Law on Tax Administration 2019 stipulating as follows:

Deadline for tax payment

1. In the case of self-assessment by the taxpayer, the deadline for tax payment is no later than the last day of the deadline for submitting the tax return. In case of supplementary tax return submission, the deadline for tax payment is the deadline for submission of the tax return for the period in which errors were made.

For corporate income tax, the provisional tax payment is made on a quarterly basis, with the deadline for tax payment being no later than the 30th of the first month of the subsequent quarter.

For crude oil, the deadline for paying natural resource tax and corporate income tax per sale is 35 days from the date of sale for domestically sold crude oil or from the customs clearance date for exported crude oil as per customs regulations.

For natural gas, the deadline for paying natural resource tax and corporate income tax is on a monthly basis.

Accordingly, the deadline for paying personal income tax for the tax period of August 2024 is no later than September 20, 2024, which falls on a Friday.

Vietnam: When is the deadline extension of tax payment and tax return submission allowed?

Based on the provisions of Article 46 of the Law on Tax Administration 2019 regarding the extension of tax return submission as follows:

Extension of tax return submission

1. Taxpayers who are unable to submit tax returns on time due to natural disasters, catastrophes, epidemics, fires, or unexpected accidents are granted an extension for tax return submission by the head of the directly managing tax authority.

2. The extension period shall not exceed 30 days for monthly, quarterly, annual tax returns, or tax returns for each occurrence of tax obligation; and 60 days for annual tax finalization returns from the deadline for submitting the tax return.

3. The taxpayer must submit a written request for an extension to the tax authority before the tax return submission deadline, stating the reason for the extension request with confirmation from the commune-level People's Committee or the police of the commune, ward, or commune-level town where the situation allowing for the extension occurred as specified in Clause 1 of this Article.

4. Within 3 working days from receiving the extension request, the tax authority must respond in writing to the taxpayer regarding the acceptance or rejection of the extension request.

Taxpayers who are unable to submit tax returns on time due to natural disasters, catastrophes, epidemics, fires, or unexpected accidents are granted an extension for tax payment and tax return submission by the head of the directly managing tax authority.

Note: The extension period shall not exceed 30 days for monthly, quarterly, annual tax returns, or tax returns for each occurrence of tax obligation; and 60 days for annual tax finalization returns from the deadline for submitting the tax return.