What is the Gregorian date for the second day of the 2025 Tet holiday in Vietnam? Which tax deadline falls on the second day of the 2025 Tet holiday?

What is the Gregorian date for the second day of the 2025 Tet holiday in Vietnam?

According to the calendar, the 2025 Tet holiday falls on the following dates:

- The first day of the 2025 Tet holiday is January 29, 2025, Gregorian calendar

- The second day of the 2025 Tet holiday is January 30, 2025, Gregorian calendar

- The third day of the 2025 Tet holiday is January 31, 2025, Gregorian calendar.

Thus, the second day of the 2025 Tet holiday is January 30, 2025, Gregorian calendar.

What is the Gregorian date for the second day of the 2025 Tet holiday in Vietnam? Which tax deadline falls on the second day of the 2025 Tet holiday? (Image from the Internet)

Which tax deadlines fall on the second day of the 2025 Tet holiday of Vietnam?

Below is the tax filing schedule for January 30, 2025, Gregorian calendar, which coincides with the second day of the 2025 Tet holiday:

(1) Licenses Fees License Tax:

According to Clause 9, Article 18 of Decree 126/2020/ND-CP, the license tax submission deadline for the year 2024 is stipulated as follows:

Deadline for submission of taxes on state budget revenue from land, water resource extraction rights, mineral resources, sea area use fees, registration fees, license fees

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9. License fees:

a) The deadline for submission of license fees is no later than January 30 each year.

b) For small and medium-sized enterprises converted from household businesses (including dependent units and business locations of enterprises) after the end of the exemption period from license fees (the fourth year from the establishment of the enterprise), the license fee payment deadline is as follows:

b.1) If the exemption period ends in the first 6 months of the year, the deadline is no later than July 30 of the exemption ending year.

b.2) If the exemption period ends in the last 6 months of the year, the deadline is no later than January 30 of the year following the exemption ending year.

c) Households and individuals who cease business operations and then resume will have the following deadlines:

c.1) For resumption in the first 6 months of the year: No later than July 30 of the resumption year.

c.2) For resumption in the last 6 months of the year: No later than January 30 of the year following the resumption year.

The license fee tax submission deadline for 2025 is January 30, 2025, which coincides with the second day of the 2025 Tet holiday.

(2) Provisional Corporate Income Tax (CIT) for Q4 2024

Based on Article 55 of the Tax Administration Law 2019, the tax submission deadlines are specified as follows:

Tax submission deadlines

1. In cases where taxpayers calculate tax, the deadline for tax submission is the final day of the deadline for submitting tax declarations. If declaring supplementary tax declarations, the payment deadline is the submission deadline of the tax declaration for the period containing errors or omissions.

For corporate income tax, provisional payment by quarter, the submission deadline is the 30th of the first month of the following quarter.

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Thus, the provisional corporate income tax for Q4 2024 must be submitted no later than January 30, 2025, coinciding with the second day of the 2025 Tet holiday.

However, Article 86 of Circular 80/2021/TT-BTC stipulates:

Tax declaration submission deadlines and tax submission deadlines

The submission deadlines for tax declarations follow the provisions in clauses 1, 2, 3, 4, 5 of Article 44 of the Tax Administration Law and Article 10 of Decree No. 126/2020/ND-CP. The tax submission deadlines are implemented as per clauses 1, 2, 3 of Article 55 of the Tax Administration Law and Article 18 of Decree No. 126/2020/ND-CP. If the deadline falls on a public holiday, it is moved to the next working day according to the Civil Code.

Thus, according to the regulations, both the 2025 license fee payment deadline and the Q4 2024 provisional CIT payment deadline will be moved to the first working day after the Tet holiday holiday of 2025.

How is the penalty for late tax payment calculated?

Based on Point a, Clause 2, Article 59 of the Tax Administration Law 2019, the regulation is as follows:

Handling of late tax payment

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2. The calculation and duration of late payment penalties are specified as follows:

a) The late payment penalty is calculated at 0.03%/day based on the amount of late tax;

b) The duration is calculated continuously from the day following the day when the late payment amount arises, as stipulated in Clause 1 of this Article, to the day immediately before the day the overdue tax amount, tax refund to be revoked, additional tax, and enforceable tax liabilities are fully paid to the state budget.

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Thus, the late tax payment penalty is 0.03%/day based on the amount of late tax.