What is the Lunar calendar for January 1, 2025? Is January 1, 2025, the deadline for submitting the VAT tax return for November in Vietnam?

What is the Lunar calendar for January 1, 2025?

Lunar Calendar January 1, 2025, corresponds to Gregorian Calendar January 29, 2025.

The Lunar New Year (Tet Nguyen Dan) for 2025 will begin on January 29, 2025, which is the first day of the Lunar New Year 2025.

What is the Lunar calendar for January 1, 2025? Is January 1, 2025, the deadline for submitting the VAT tax return for November in Vietnam? (Image from the Internet)

Is January 1, 2025, the deadline for submitting the VAT tax return for November in Vietnam?

Based on Clause 1, Article 44 of the Law on Tax Administration 2019, the specific deadlines for submitting tax returns are stipulated as follows:

Deadline for submitting tax return files

1. The deadline for submitting tax return files for taxes declared on a monthly or quarterly basis is prescribed as follows:

a) No later than the 20th day of the month following the month in which the tax obligation arises for monthly declarations and submissions;

b) No later than the last day of the first month of the quarter following the quarter in which the tax obligation arises for quarterly declarations and submissions.

2. The deadline for submitting tax return files for taxes calculated annually is prescribed as follows:

a) No later than the last day of the third month from the end of the calendar year or financial year for annual tax finalization files; no later than the last day of the first month of the calendar year or financial year for annual tax return files;

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

c) No later than December 15 of the preceding year for tax return files of business households, individuals paying taxes under the presumptive method; in cases where business households, individuals are newly established, the deadline for submitting presumptive tax return files is no later than 10 days from the start of business activities.

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Thus, according to the above regulation, the accurate deadline for submitting the VAT tax return for November 2024 is December 20, 2024.

What are regulations on deferral of VAT in Vietnam?

According to Clause 1, Article 4 of Decree 64/2024/ND-CP, the specific rules on deferral of tax are as follows:

- For value-added tax (excluding import VAT)

+ Deferral of tax for the VAT amount payable (including tax amounts allocated to provincial-level localities other than the locality where the taxpayer's head office is located, taxes paid for each occurrence) for the tax period from May to September 2024 (for monthly VAT declarations) and the second quarter of 2024, the third quarter of 2024 (for quarterly VAT declarations) for enterprises and organizations specified in Article 3 of this Decree. The extension period is 05 months for VAT of May 2024, June 2024, and the second quarter of 2024, 04 months for VAT of July 2024, 03 months for VAT of August 2024, and 02 months for VAT of September 2024 and the third quarter of 2024. The extension period at this point is calculated from the due date of VAT payment according to tax administration legal regulations.

- Enterprises and organizations eligible for extension must submit VAT returns on a monthly and quarterly basis as per current legal regulations but are not required to pay the payable VAT arising from the filed VAT returns. The VAT payment deadlines are extended as follows:

+ The VAT payment deadline for the tax period May 2024 is no later than November 20, 2024.

+ The VAT payment deadline for the tax period June 2024 is no later than December 20, 2024.

+ The VAT payment deadline for the tax period July 2024 is no later than December 20, 2024.

+ The VAT payment deadline for the tax period August 2024 is no later than December 20, 2024.

+ The VAT payment deadline for the tax period September 2024 is no later than December 20, 2024.

+ The VAT payment deadline for the second quarter of 2024 is no later than December 31, 2024.

+ The VAT payment deadline for the third quarter of 2024 is no later than December 31, 2024.

- If enterprises and organizations specified in Article 3 of Decree 64/2024/ND-CP have branches or dependent units that declare VAT separately with the tax authority directly managing them, these branches or dependent units are also eligible for VAT payment extension.

- If branches or dependent units of enterprises or organizations mentioned in Clauses 1, 2, and 3 of Article 3 of Decree 64/2024/ND-CP do not operate within the sectors eligible for extension, those branches or dependent units are not eligible for the VAT payment extension.