What is the Gregorian date for the 3rd day of the 2025 Tet holiday of Vietnam? What are regulations on VAT and extending the deadline for submitting tax returns on the 3rd day of the 2025 Tet holiday of Vietnam?
What is the Gregorian date for the 3rd day of the 2025 Tet holiday of Vietnam?
The 2025 Tet holiday, will have its 3rd day fall on January 31, 2025, in the Gregorian calendar. Specifically, the details are as follows:
- 28th day of Tet: Monday, January 27, 2025, Gregorian date
- 29th day of Tet: Tuesday, January 28, 2025, Gregorian date
- 1st day of Tet: Wednesday, January 29, 2025, Gregorian date
- 2nd day of Tet: Thursday, January 30, 2025, Gregorian date
- 3rd day of Tet: Friday, January 31, 2025, Gregorian date
- 4th day of Tet: Saturday, February 1, 2025, Gregorian date
- 5th day of Tet: Sunday, February 2, 2025, Gregorian date
Note: The information regarding the 3rd day of the 2025 Tet holiday's Gregorian date is for reference only!
What is the Gregorian date for the 3rd day of the 2025 Tet holiday of Vietnam? What are regulations on VAT and extending the deadline for submitting tax returns on the 3rd day of the 2025 Tet holiday of Vietnam? (Image from the Internet)
What are regulations on VAT and extending the deadline for submitting tax returns on the 3rd day of the 2025 Tet holiday of Vietnam?
Based on Clause 1, Article 1 of Decree 91/2022/ND-CP amending Decree 126/2020/ND-CP guiding the Law on Tax Administration, the provisions are as follows:
Addition of Article 6a as follows:
“Article 6a. End of term
The deadline for submitting tax returns, paying taxes, the period for tax administration agencies to process documents, and the effective period of the coercive enforcement decision on tax administration are implemented according to the Law on Tax Administration and this Decree. If the last day of the deadline for submitting tax returns, paying taxes, the period for tax administration agencies to process documents, or the effective period of enforcement decision coincides with a holiday as prescribed, the last day of the deadline is calculated as the next working day immediately following that holiday.
Therefore, if the VAT declaration submission deadline falls on the 3rd day of the 2025 Tet holiday, the last day of the deadline is calculated as the next working day immediately following the holiday.
What are the penalties for late submission of VAT tax returns in Vietnam?
According to the provisions of Article 13 of Decree 125/2020/ND-CP on penalties for violations of the deadline for submitting tax returns, as follows:
- A warning penalty for submitting tax returns late from 01 day to 05 days with mitigating circumstances.
- A fine ranging from VND 2,000,000 to VND 5,000,000 for submitting tax returns late from 01 day to 30 days, except for cases prescribed in Clause 1 of this Article.
- A fine ranging from VND 5,000,000 to VND 8,000,000 for submitting tax returns late from 31 days to 60 days.
- A fine ranging from VND 8,000,000 to VND 15,000,000 for any of the following acts:
- Submitting tax returns late from 61 days to 90 days;
- Submitting tax returns late from 91 days or more with no tax payable;
- Not submitting tax returns but with no tax payable;
- Not submitting annexes as required by tax management regulations for enterprises with related-party transactions attached to corporate income tax finalization documents.
- A fine ranging from VND 15,000,000 to VND 25,000,000 for submitting tax returns more than 90 days past the deadline, with tax payable, and the taxpayer has paid the full tax amount, late payment amount into the state budget before the tax authorities announce the tax inspection or audit decision or before the tax authority records the act of late submission of tax returns according to Clause 11, Article 143 of Tax Administration Law 2019.
Note: For the same administrative violation in tax and invoices, the fine for an organization is twice the fine for an individual.
How to extend the VAT submission deadline in Vietnam?
According to Clause 1, Article 4 of Decree 64/2024/ND-CP, it is specifically stipulated as follows:
- For value-added tax (excluding value-added tax at the import stage)
+ Extension of the deadline for VAT payment for the payable VAT amount (including the tax amount allocated to other provincial/municipal levels where the taxpayer has its headquarters, the tax paid upon each occurrence) for the tax period from May to September 2024 (for monthly VAT declaration) and the second quarter of 2024, the third quarter of 2024 (for quarterly VAT declaration) for enterprises and organizations mentioned in Article 3 of this Decree. The extension period is 05 months for the VAT of May 2024, June 2024, and the second quarter of 2024; the extension period is 04 months for the VAT of July 2024; the extension period is 03 months for the VAT of August 2024; the extension period is 02 months for the VAT of September 2024 and the third quarter of 2024. The extension period at this point is calculated from the deadline for paying VAT as prescribed by tax management law.
- Enterprises and organizations eligible for the extension shall declare and submit their Monthly and Quarterly VAT Declarations according to current legal regulations but are not required to pay the VAT amount payable on the declared VAT Declaration. The deadlines for paying VAT of the month, quarter are extended as follows:
+ The deadline for VAT payment of the tax period May 2024 is no later than November 20, 2024.
+ The deadline for VAT payment of the tax period June 2024 is no later than December 20, 2024.
+ The deadline for VAT payment of the tax period July 2024 is no later than December 20, 2024.
+ The deadline for VAT payment of the tax period August 2024 is no later than December 20, 2024.
+ The deadline for VAT payment of the tax period September 2024 is no later than December 20, 2024.
+ The deadline for VAT payment of the tax period second quarter 2024 is no later than December 31, 2024.
+ The deadline for VAT payment of the tax period third quarter 2024 is no later than December 31, 2024.
- In case enterprises and organizations mentioned in Article 3 of Decree 64/2024/ND-CP have branches or dependent units that perform separate VAT declarations with the tax authority that directly manages the branch or dependent unit, these branches or dependent units are also eligible for the VAT payment extension.
- If branches or dependent units of enterprises, organizations mentioned in Clauses 1, 2, and 3, Article 3 of Decree 64/2024/ND-CP do not engage in production or business activities in the economic sectors or fields eligible for the extension, then the branches or dependent units are not subject to the VAT payment extension.
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