What is the total income between 02 declarations in Vietnam? What does the tax declaration dossier for individuals paying tax under periodic declarations Include?

What is the total income between 02 declarations in Vietnam?

Pursuant to Article 35 of the Law on Anti-Corruption 2018, which stipulates about the total income between 02 declarations as follows:

Assets and income subject to declaration

1. Assets and income subject to declaration include:

a) Land use rights, houses, construction works, and other assets attached to land, houses, construction works;

b) Precious metals, gemstones, money, valuable papers, and other movable assets, each valued at 50,000,000 VND or more;

c) Assets and accounts overseas;

d) Total income between 02 declarations.

2. The government of Vietnam prescribes the form of declaration and the implementation of asset and income declaration stipulated in this Article.

Thus, the total income between 02 declarations refers to the total income of the declarant (including that of the spouse and minor children) from the previous declaration to the date of the current declaration.

What is the total income between 02 declarations in Vietnam? (Image from the Internet)

What is the 2024 year-end income and asset declaration form in Vietnam?

The income and asset declaration form for the end of the year 2024 is prescribed in Appendix 1A issued together with Decree 130/2020/ND-CP.

The income and asset declaration form for the end of the year 2024 is as follows:

Latest income and asset declaration form for end of year 2024... Download

Vietnam: What does the tax declaration dossier for individuals paying tax under periodic declarations Include?

Pursuant to Clause 1, Article 11 of Circular 40/2021/TT-BTC stipulates as follows:

Tax management for household businesses, individuals paying tax by the declaration method

1. Tax declaration dossier

The tax declaration dossier for household businesses, individuals paying tax by the declaration method as prescribed in point 8.2 of Appendix I - List of tax declaration dossiers issued with Decree No. 126/2020/ND-CP dated October 19, 2020, of the government of Vietnam. To be specific:

a) Tax declaration form for household businesses, individuals according to Form No. 01/CNKD issued with this Circular;

b) Appendix on the business operation in the period of household businesses, individuals (applied for those paying tax under periodic declarations) according to Form No. 01-2/BK-HĐKD issued with this Circular. In cases where household businesses, individuals paying tax by the declaration method can determine revenue according to the confirmation of competent authorities, they are not required to submit Appendix Form No. 01-2/BK-HĐKD issued with this Circular.

Thus, the tax declaration dossier for individuals paying tax by the declaration method includes:

- Tax declaration form for household businesses, individuals according to Form No. 01/CNKD issued with Circular 40/2021/TT-BTC;

- Appendix on the business operation in the period of household businesses, individuals (applied for those paying tax under periodic declarations) according to Form No. 01-2/BK-HĐKD issued with Circular 40/2021/TT-BTC

Note: In cases where household businesses, individuals paying tax by the declaration method can determine revenue according to confirmation by competent authorities, they are not required to submit Appendix Form No. 01-2/BK-HĐKD issued with Circular 40/2021/TT-BTC.

When is the deadline for submitting tax declaration dossier for household businesses, individuals paying tax under periodic declarations in Vietnam?

Pursuant to Clause 3, Article 11 of Circular 40/2021/TT-BTC stipulates the deadline for tax submission as follows:

Tax management for household businesses, individuals paying tax by the declaration method

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3. Deadline for submitting tax declaration dossier

The deadline for submitting the tax declaration dossier for household businesses, individuals paying tax by the declaration method is prescribed in Clause 1, Article 44 of the Law on Tax Administration. Specifically:

a) The deadline for submitting the tax declaration dossier for household businesses, individuals paying tax under periodic declarations on a monthly basis is no later than the 20th of the following month after the tax obligation arises.

b) The deadline for submitting the tax declaration dossier for household businesses, individuals paying tax under periodic declarations on a quarterly basis is no later than the last day of the first month of the following quarter after the tax obligation arises.

4. Deadline for tax payment

The deadline for tax payment for household businesses, individuals paying tax under periodic declarations is implemented according to the provisions in Clause 1, Article 55 of the Law on Tax Administration, specifically: The deadline for tax payment is no later than the last day of the deadline for submitting tax declaration dossiers. In case of additional tax declaration dossiers, the deadline for tax payment is the deadline for submitting tax declaration dossiers of the tax period with errors.

5. Tax declaration obligation in case of temporary suspension of operations, business

In cases where household businesses, individuals temporarily suspend operations, business, they must notify the tax authorities as prescribed in Article 91 of Decree No. 01/2021/ND-CP dated November 4, 2021, of the government of Vietnam, Article 4 of Decree No. 126/2020/ND-CP dated October 19, 2020, of the government of Vietnam, Article 12 of Circular No. 105/2020/TT-BTC dated December 3, 2020, of the Ministry of Finance guiding taxpayer registration and do not need to submit tax declaration dossiers, except in case the household businesses, individuals temporarily suspend operations, business not throughout the month if filing taxes monthly or temporarily suspend operations, business not throughout the quarter if filing taxes quarterly.

The deadline for submitting tax declaration dossiers for individuals paying tax by the declaration method is as follows:

- For the monthly declaration method, it is no later than the 20th of the following month after the tax obligation arises.

- For the quarterly declaration method, it is no later than the last day of the first month of the following quarter after the tax obligation arises.