When is the deadline for personal income tax finalization in Vietnam in 2025?

When is the deadline for personal income tax finalization in Vietnam in 2025?

Based on Clause 2, Article 44 of the Law on Tax Administration 2019, which stipulates the deadline for submitting tax declaration dossiers for taxes calculated annually, as follows:

Deadline for submitting tax declaration dossiers

...

2. The deadline for submitting tax declaration dossiers 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 the fiscal year for the annual tax finalization dossier; no later than the last day of the first month of the calendar year or fiscal year for the annual tax declaration dossier;

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

c) No later than December 15th of the preceding year for the tax declaration dossier of household businesses, individual businesses paying tax on a fixed basis; in the case of new household businesses or individual businesses, the deadline for submitting the tax declaration dossier is no later than 10 days from the start of business operations.

...

Simultaneously, based on the provisions in Clause 5, Article 148 of the Civil Code 2015, which regulates the end of the period as follows:

End of the period

...

5. When the last day of the period falls on a weekend or public holiday, the period ends at the close of the next working day following the holiday.

...

Thus, the deadline for personal income tax finalization in 2025 for taxable income of 2024 for PIT taxpayers is determined as follows:

- No later than March 31, 2025, for individuals authorizing organizations or individuals paying income to finalize their PIT.

- No later than May 2, 2025, for individuals directly finalizing tax (since the last day of the fourth month from the end of the calendar year 2024 is a holiday on April 30, 2025, (Reunification Day) followed by the holiday on May 1, 2025, (International Labor Day)).

When is the deadline for personal income tax finalization in Vietnam in 2025? (Image from the internet)

Vietnam: What does the personal income tax finalization dossier include?

Based on Subsection 1, Section 4 of Official Dispatch 883/TCT-DNNCN of 2022 from the General Department of Taxation guiding the personal income tax finalization, the personal income tax finalization dossier includes:

(1) For individuals directly finalizing their personal income tax with tax authorities:

- Personal income tax finalization declaration form No. 02/QTT-TNCN attached to Appendix 2 of Circular 80/2021/TT-BTC.

- Appendix of family circumstances deduction table for dependents form No. 02-1/BK-QTT-TNCN attached to Appendix 2 of Circular 80/2021/TT-BTC.

- Photocopies (photographs of originals) of certificates proving the tax withheld, temporarily paid for the year, tax paid overseas (if any). If the income-paying organization does not issue a tax withholding certificate to the individual because the organization is no longer operational, the tax authority shall rely on the tax sector's database to review the tax finalization dossier without requiring a tax withholding certificate. Where income-paying entities use electronic personal income tax withholding certificates, taxpayers shall use the physical version of the electronic personal income tax withholding certificate (paper form printed by taxpayers from the original electronic certificate sent by income-paying entities).

- Photocopy of the Tax Withholding Certificate (clearly indicating the tax income statement already filed) issued by the income-paying organization or photocopies of bank records for overseas-paid tax amounts with taxpayer's confirmation when foreign legislation does not require a certificate for tax paid overseas.

- Photocopies of invoices and documents proving contributions to charitable, humanitarian, and study encouragement funds (if any).

- Documentation proving amounts paid by overseas income-paying entities when individuals receive income from international organizations, embassies, consulates, and foreign income.

- Documentation for dependent registration as guided in Point a, Subsection 3, Section 3, of Official Dispatch 883/TCT-DNNCN of 2022 (if considering dependency deduction for dependents yet to be registered at the time of tax finalization).

(2) For organizations and individuals paying income:

- Personal income tax settlement declaration form No. 05/QTT-TNCN attached to Appendix 2 of Circular 80/2021/TT-BTC.

- Appendix detailing individuals taxed on a progressive basis form No. 05-1/BK-QTT-TNCN attached to Appendix 2 of Circular 80/2021/TT-BTC.

- Appendix detailing individuals taxed on a comprehensive basis form No. 05-2/BK-QTT-TNCN attached to Appendix 2 of Circular 80/2021/TT-BTC.

- Appendix detailing dependents for family circumstance deduction form No. 05-3/BK-QTT-TNCN attached to Appendix 2 of Circular 80/2021/TT-BTC.

If individuals authorize income-paying entities to finalize on their behalf, they must prepare a Personal Income Tax Finalization Authorization Letter for the tax year from 2021 according to form No. 08/UQ-QTT-TNCN attached to Appendix 2 of Circular 80/2021/TT-BTC.

Where to submit the personal income tax finalization dossier in Vietnam?

Based on Subsection 2, Section 4 of Official Dispatch 883/TCT-DNNCN of 2022 from the General Department of Taxation guiding personal income tax finalization, the place to submit the personal income tax finalization dossier is determined as follows:

(1) For entities paying income, submit their personal income tax finalization dossier to the Tax Authority directly managing the income-paying entity.

(2) For individuals directly finalizing with the Tax Authority:

- Resident individuals with income from salaries or wages from one place and subject to self-declaration in the year submit their finalization dossier to the tax authority where the individual filed tax declarations throughout the year as prescribed in Point a, Clause 8, Article 11 of Decree 126/2020/ND-CP.

- Individuals with income from salaries and wages from two or more places, including those with income subject to direct declaration and income with withheld tax by the paying organization, submit their finalization dossier to the tax authority in the jurisdiction of the largest income source for the year. If the largest income source cannot be determined, the individual may choose the tax authority in charge of the paying organization or the individual's locality of residence.

- Resident individuals with income from salaries and wages subject to withholding at the source from two or more places submit their finalization dossiers as follows:

+ Individuals whose family situation deduction for themselves calculated by any income-paying organization submit their finalization dossier to the tax authority directly managing that paying organization.

+ If the individual changes workplace and the final paying organization deducts family circumstances, submit the tax finalization dossier to the tax authority managing the final paying organization.

+ If the individual changes workplace and the final paying organization does not deduct family circumstances, submit the tax finalization dossier to the tax authority of the individual's residence.

+ If the individual does not have any family situation deduction calculated, submit the tax finalization dossier to the tax authority of the individual's residence.

+ Resident individuals without labor contracts or with labor contracts under 3 months, with service contracts having income from one or multiple places with 10% withholding, submit their tax finalization dossier to the tax authority of the individual's residence.

+ Resident individuals throughout the year with income from salaries and wages from one or multiple places but not employed by any income-paying organization at the time of finalization, the place to submit the tax finalization dossier is the tax authority of the individual's residence.

- Resident individuals with income from salaries and wages subject to direct personal income tax finalization with the tax authority that include a dossier requesting tax reduction due to natural disasters, fires, accidents, or dangerous diseases, the tax finalization submission place is the tax authority where such tax reduction dossiers are filed. The tax authority processing tax reduction dossiers is responsible for handling tax finalization dossiers as per regulations.