What is the schedule for submission of tax returns in Vietnam in November 2024?

What is the schedule for submission of tax returns in Vietnam in November 2024?

According to Article 44 of the Law on Tax Administration 2019 as follows:

Deadline for submission of tax returns

1. The deadline for submission of tax returns for taxes declared monthly or quarterly is stipulated as follows:

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

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

2. The deadline for submission of tax returns for taxes calculated annually is stipulated 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 dossiers; no later than the last day of the first month of the calendar year or fiscal year for annual tax returns;

b) No later than the last day of the fourth month from the end of the calendar year for personal income tax finalization dossiers of individuals who directly finalize taxes;

c) No later than December 15 of the year preceding the tax year for tax returns of households, business individuals applying presumptive tax method; in case new business households, business individuals start their business, the deadline for submission of tax returns is no later than 10 days from the starting date of business.

3. The deadline for the submission of tax returns for taxes declared and submitted upon each arising of tax obligation is no later than the 10th day from the date the tax obligation arises.

4. The deadline for submission of tax returns in case of business cessation, contract termination, or reorganization of enterprises is no later than the 45th day from the occurrence of the event.

The schedule for submitting tax returns in November 2024 is as follows:

- VAT declaration dossier for the tax period of October: November 20, 2024.

- Personal Income tax return for the tax period of October: November 20, 2024.

Additionally:

- For the type of tax declared and submitted upon each arising of tax obligation: No later than the 10th day from the date the tax obligation arises.

- In cases of business cessation, contract termination, or reorganization of enterprises: No later than the 45th day from the occurrence of the event.

What is the schedule for submission of tax returns in Vietnam in November 2024? (Image from Internet)

What are penalties for violations against regulations on time limits for submission of tax returns in Vietnam?

Based on Article 13 of Decree 125/2020/ND-CP regulating penalties for violations against regulations on time limits for submission of tax returns as follows:

(1) Warning for delay in submitting tax returns from 1 day to 5 days with extenuating circumstances.

(2) Fine from 2,000,000 VND to 5,000,000 VND for delay in submitting tax returns from 1 day to 30 days, except cases specified in clause 1 of this Article.

(3) Fine from 5,000,000 VND to 8,000,000 VND for delay in submitting tax returns from 31 days to 60 days.

(4) Fine from 8,000,000 VND to 15,000,000 VND for any of the following acts:

a) Delay in submitting tax returns from 61 days to 90 days;

b) Delay in submitting tax returns from 91 days or more without arising tax payable;

c) Failure to submit tax returns but no tax payable;

d) Failure to submit appendices according to tax management regulations for enterprises with related party transactions attached to corporate income tax finalization dossiers.

(5) Fine from 15,000,000 VND to 25,000,000 VND for delay in submitting tax returns over 90 days from the tax declaration submission deadline, when there is tax payable and the taxpayer has paid all tax amounts, late payment amounts into the state budget before the tax authority announces a tax inspection or audit decision or before the tax authority prepares a record of the late submission of tax returns as stipulated in clause 11, Article 143 of the Law on Tax Administration 2019.

(6) What are remedies:

a) Compel payment of full late tax payment amounts into the state budget for violations specified in clauses 1, 2, 3, 4, and 5 of this Article if late submission of tax returns leads to late tax payment;

b) Compel submission of tax returns, appendices attached to tax returns for violations specified at points c, d, clause 4 of this Article.

Note: The above fines are applicable to organizations. Fines for individuals with the same violations are equal to twice the fines for organizations.

What are remedies for violations against regulations on time limits for submission of tax returns in Vietnam?

Based on regulations at clause 6, Article 13 of Decree 125/2020/ND-CP, the What are remedies when there is a late submission of tax returns are as follows:

- Compel the payment of the full amount of late tax payments into the state budget for violations specified in clauses 1, 2, 3, 4, and 5, Article 13 of Decree 125/2020/ND-CP in case the taxpayer's late submission of tax returns leads to late tax payment;

- Compel the submission of tax returns, appendices attached to the tax returns for violations specified at points c, d, clause 4, Article 13 of Decree 125/2020/ND-CP.