What is the Form 01/KTTSBD on tax declaration for the use of collateral pending settlement in Vietnam?

What is the Form 01/KTTSBD on tax declaration for the use of collateral pending settlement in Vietnam?

The Tax declaration form for use of collateral pending settlement is Form 01/KTTSBD as stipulated in Appendix 2 issued together with Circular 80/2021/TT-BTC, formatted as follows:

Download Form 01/KTTSBD for the Tax declaration concerning the use of collateral pending settlement: Here.

What is the Form 01/KTTSBD on Tax declaration form for use of collateral pending settlement in Vietnam? (Image from the Internet)

Is the tax declaration for use of collateral pending settlement done quarterly or monthly in Vietnam?

According to Article 8 Decree 126/2020/ND-CP, it is stipulated as follows:

Taxes declared on a monthly, quarterly, annual basis, per occurrence of tax liability, and tax finalization declaration

1. Types of taxes and other state budget revenues managed and collected by tax authorities declared monthly include:

a) Value-added tax, personal income tax. In cases where taxpayers meet the criteria specified in Article 9 of this Decree, they may choose to declare quarterly.

b) Special consumption tax.

c) Environmental protection tax.

d) Resource tax, except the resource tax specified in point e of this clause.

dd) State budget fees and charges (except fees and charges collected by representative agencies of the Socialist Republic of Vietnam abroad as specified in Article 12 of this Decree; customs fees; and fees for goods, baggage, and means of transportation in transit).

e) For activities of exploitation and sale of natural gas: Resource tax; corporate income tax; special taxes of the Vietnam - Russia Joint Venture "Vietsovpetro" at Lot 09.1, according to the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Russian Federation signed on December 27, 2010, on continuing cooperation in geophysical exploration and petroleum extraction on the continental shelf of the Socialist Republic of Vietnam under the framework of the Vietnam - Russia Joint Venture "Vietsovpetro" (hereinafter referred to as Vietsovpetro Joint Venture at Lot 09.1); and dividends shared with the host country.

2. Types of taxes and other state budget revenues declared quarterly include:

a) Corporate income tax for foreign airlines, foreign reinsurers.

b) Value-added tax, corporate income tax, personal income tax for credit institutions or third parties authorized by credit institutions to exploit secured assets pending disposal, declared on behalf of taxpayers with secured assets.

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Thus, the tax declaration for use of collateral pending settlement is done quarterly.

When is the deadline for submitting the tax declaration file for use of collateral pending settlement in Vietnam?

Based on Article 44 Law on Tax Administration 2019, the stipulation is as follows:

Deadline for submitting the tax declaration file

1. The deadline for submitting the tax declaration file 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 the tax declaration file for taxes assessed 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 finalization files; no later than the last day of the first month of the calendar year or fiscal year for annual tax declaration files;

b) No later than the last day of the fourth month from the end of the calendar year for personal income tax finalization files of individuals filing directly;

c) No later than December 15 of the preceding year for the presumptive tax declarations of business households and individuals; in case of new business operations, no later than 10 days from the starting date of business operations for submitting the presumptive tax declaration.

3. The deadline for submitting tax declaration files for taxes declared and paid per occurrence of tax liability is no later than the 10th day from the date of tax liability occurrence.

4. The deadline for submitting tax declaration files in case of termination of operations, contract termination, or business reorganization is no later than the 45th day from the occurrence of the event.

5. the Government of Vietnam stipulates the deadline for submitting tax declaration files for agricultural land use tax; non-agricultural land use tax; land levy; land rent, water surface rent; fees for mineral rights; fees for water resource rights; registration fees; business license fees; state budget revenues according to laws on the management and use of public assets; cross-border profit reports.

6. The deadline for submitting tax declaration files for export and import goods is stipulated by the Customs Law.

7. If taxpayers submit tax declarations electronically on the last day of the deadline for submitting the tax declaration file and the tax authority’s electronic portal faces technical issues, taxpayers may submit the tax declaration and electronic payment documents on the next day when the portal resumes operation.

Thus, the deadline for submitting the tax declaration file for use of collateral pending settlement is no later than the last day of the first month of the following quarter in which the tax liability arises.