What is the VAT declaration form in Vietnam for November 2024?

What is the VAT declaration form in Vietnam for November 2024?

Pursuant to the provisions in Appendix 2 attached to Circular 80/2021/TT-BTC, the VAT declaration form is stipulated as follows:

VAT declaration form for November 2024....download here

Note: The VAT declaration form No. 01/GTGT according to Circular 80/2021/TT-BTC is the VAT (applies to taxpayers calculating tax according to the deduction method for production and business activities).

When to submit the VAT declaration in Vietnam for November 2024?

According to Clause 1, Article 44 of the Tax Administration Law 2019, the specific time for submitting the tax declaration is stipulated as follows:

Deadline for submission of tax declaration documents

1. The deadline for submission of tax declaration documents for taxes declared monthly or quarterly is 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 paid 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 paid quarterly.

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

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

c) No later than December 15 of the preceding year for estimated tax declaration documents of business households, individual businesses paying tax according to the estimated method; in case of a new business household or individual business, the deadline for submission of the estimated tax declaration is no later than 10 days from the start of the business.

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Hence, according to the above regulations, the exact time to submit the VAT Declaration for November 2024 is December 20, 2024.

What is the VAT declaration form in Vietnam for November 2024? (Image from the Internet)

How to extend the deadline for VAT payment 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)

+ Extend the payment deadline for the payable value-added tax amount (including the tax amount allocated to other provincial-level localities where the taxpayer has its headquarters, tax amount paid for each occurrence) of the tax periods from May to September 2024 (for cases declaring VAT monthly) and the tax period of the second quarter of 2024, third quarter of 2024 (for cases declaring VAT quarterly) of the enterprises, organizations mentioned in Article 3 of this Decree. The extension period is 5 months for the VAT of May 2024, June 2024, and the second quarter of 2024; the extension period is 4 months for the VAT of July 2024; the extension period is 3 months for the VAT of August 2024; the extension period is 2 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 VAT payment according to the legal provisions on tax administration.

- Enterprises, organizations subject to the extension shall declare and submit monthly, quarterly VAT declaration forms according to current legal regulations, but are not required to pay the arising payable VAT on the declared VAT declaration forms. The extended VAT payment deadlines are as follows:

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

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

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

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

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

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

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

- In case the enterprises, organizations mentioned in Article 3 of Decree 64/2024/ND-CP have branches, dependent units that separately declare VAT with the directly managing tax authorities of the branches, dependent units, these branches, dependent units are also subject to the extension of VAT payment.

- If the branches or dependent units of the enterprises, organizations mentioned in Clauses 1, 2, and 3 of Article 3 of Decree 64/2024/ND-CP do not engage in production or business activities in sectors or fields eligible for the extension, then those branches, dependent units are not subject to the extension of VAT payment.