What is the Gregorian calendar date for Lunar New Year 2025? What happens if the tax deadline falls on the Lunar New Year 2025 holidays in Vietnam?

What is the Gregorian calendar date for Lunar New Year 2025?

The Lunar New Year 2025 will fall on the following days:

- December 28, Lunar calendar (28 Tet): Monday, January 27, 2025 (Gregorian calendar)

- December 29, Lunar calendar (29 Tet): Tuesday, January 28, 2025 (Gregorian calendar)

- January 1, Lunar calendar (1st Day of Tet): Wednesday, January 29, 2025 (Gregorian calendar)

- January 2, Lunar calendar (2nd Day of Tet): Thursday, January 30, 2025 (Gregorian calendar)

- January 3, Lunar calendar (3rd Day of Tet): Friday, January 31, 2025 (Gregorian calendar)

- January 4, Lunar calendar (4th Day of Tet): Saturday, February 1, 2025 (Gregorian calendar)

- January 5, Lunar calendar (5th Day of Tet): Sunday, February 2, 2025 (Gregorian calendar)

Thus, the 1st Day of Lunar New Year 2025 is January 29, 2025, according to the Gregorian calendar.

What is the Gregorian calendar date for Lunar New Year 2025? What happens if the tax deadline falls on the Lunar New Year 2025 holidays in Vietnam? (Image from the Internet)

What happens if the tax deadline falls on the Lunar New Year 2025 holiday in Vietnam?

Based on Article 86 of Circular 80/2021/TT-BTC, the regulations are as follows:

Filing and Payment Deadlines for Tax Returns

The filing deadlines for tax returns are in accordance with Clauses 1, 2, 3, 4, and 5 of Article 44 of the Law on Tax Administration and Article 10 of Decree No. 126/2020/ND-CP. The tax payment deadlines are in accordance with Clauses 1, 2, 3 of Article 55 of the Law on Tax Administration and Article 18 of Decree No. 126/2020/ND-CP. In cases where the tax filing or payment deadline coincides with a holiday, the deadline will be extended to the next working day, as stipulated in the Civil Code.

Therefore, if the tax deadline falls on the Lunar New Year 2025 holiday, the tax filing and payment deadlines will be extended to the next working day following the Lunar New Year 2025 holidays.

Vietnam: What does the tax return include?

According to Article 43 of the Law on Tax Administration 2019, the tax return includes:

- Monthly tax return for taxes declared and paid monthly includes the monthly tax return

- Quarterly tax return for taxes declared and paid quarterly includes the quarterly tax return.

- Annual tax return for taxes calculated on an annual basis includes:

+ Annual tax return and other documents relevant to the determination of the tax payable.

+ Tax finalization dossier upon year

-end includes annual tax finalization return, annual financial report, and transfer pricing documents related to tax finalization.

- tax return for each tax obligation arising includes:

+ Tax return.

+ Invoices, contracts, and other documents related to tax obligations as prescribed by law.

- For exported and imported goods, the customs dossier as prescribed in the Law on Customs is used as the tax return.

- tax return for cases of terminating operations, terminating contracts, converting enterprise type, or reorganizing enterprises includes:

+ Tax finalization return.

+ Financial report up to the point of terminating operations or contracts, changing enterprise type, or reorganizing enterprises.

+ Other documents relevant to tax finalization

.- Country-by-country profit report in cases where the top parent company of the multinational corporation in Vietnam has cross-border associated transactions and global consolidated revenue exceeding the prescribed level or where the top parent company abroad is required to prepare a country-by-country profit report according to the regulations of the host country.

- The Government regulates the details of tax returns as prescribed in this Article; specifies taxes declared monthly, quarterly, annually, or for each arising tax obligation, as well as tax finalization; declaration, provision, exchange, and use of information for country-by-country profit reports; and criteria for determining taxpayers who declare taxes quarterly.

Where to submit the tax return in Vietnam?

According to Article 45 of the Law on Tax Administration 2019, taxpayers shall submit their tax returns to the directly managing tax authority.

In cases of filing tax returns under a one-stop inter-agency mechanism, the filing location follows the regulations of that mechanism.

The submission of tax returns for export and import goods is done according to the provisions of the Law on Customs 2014.

The Government regulates the filing location of tax returns in the following cases:

- Taxpayers engaged in multiple production and business activities.

- Taxpayers conducting production and business activities in multiple locations; taxpayers incurring tax obligations for taxes declared and paid per each arising obligation.

- Taxpayers with tax obligations related to land revenues; granting rights to exploit water resources and mineral resources.

- Taxpayers incurring obligations for personal income tax finalization.

- Taxpayers filing taxes through electronic transactions and other necessary cases.