When is the deadline for submission of tax declaration dossiers in Vietnam for the tax period of November 2024?

When is the deadline for submission of tax declaration dossiers in Vietnam for the tax period of November 2024?

Pursuant to Clause 1, Article 44 of the Law on Tax Administration 2019, regulations on the deadline for submission of tax declaration dossiers are as follows:

Deadline for submission of tax declaration dossiers

1. The deadline for submission of tax declaration dossiers for taxes declared monthly or quarterly is regulated as follows:

a) No later than the 20th day of the following month for monthly declarations and payments;

b) No later than the last day of the first month of the following quarter for quarterly declarations and payments.

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According to the above regulation, the deadline for submission of tax declaration dossiers for the tax period of October 2024 is no later than November 20, 2024.

When is the deadline for submission of tax declaration dossiers in Vietnam for the tax period of October 2024? (Image from the Internet)

Which entity is eligible for an extension of the VAT submission deadline in Vietnam?

According to Article 3 of Decree 64/2024/ND-CP, entities eligible for an extension of the VAT submission deadline include:

- Enterprises, organizations, households, business households, individuals operating in the following economic sectors:

+ Agriculture, forestry, and fisheries;

+ Manufacturing and processing of food; textiles; manufacture of clothing; production of leather and related products; processing wood and manufacturing products from wood, bamboo, and rattan (excluding beds, cabinets, tables, chairs); production of straw, thatch, and woven materials; production of paper and paper products; production of rubber and plastic products; production of products from non-metallic minerals; metallurgical production; mechanical processing; metal treatment and coating; production of electronic products, computers, and optical devices; manufacturing automobiles and other motor vehicles; production of beds, cabinets, tables, chairs;

+ Construction;

+ Publishing activities; film activities, television program production, recording and music publishing.

+ Extraction of crude petroleum and natural gas (excluding enterprise income tax for crude oil, condensate, and natural gas collected under agreements or contracts);

+ Beverage production; printing and reproduction of recorded media; production of coke, refined petroleum products; production of chemicals and chemical products; production of fabricated metal products (except machinery and equipment); production of motorcycles; repair, maintenance, and installation of machinery and equipment;

+ Water drainage and waste treatment.

- Enterprises, organizations, households, business households, individuals conducting business in the following economic sectors:

+ Transportation and warehousing; accommodation and food services; education and training; healthcare and social assistance activities; real estate business activities;

+ Labor and employment service activities; activities of travel agencies, tour operators and related services promoting and organizing tours;

+ Creative, artistic, and entertainment activities; activities of libraries, archives, museums, and other cultural activities; sports, amusement, and recreation activities; film projection activities;

+ Broadcasting activities; computer programming, consultancy services, and other related services; information service activities;

+ Support services for mining.

- Enterprises, organizations, households, business households, individuals producing prioritized supporting industrial products; key mechanical products.

+ Supporting industrial products prioritized for development are determined according to Decree 111/2015/ND-CP; key mechanical products are determined according to Decision 319/QD-TTg in 2018.

- Small and micro-enterprises defined under the Law on Support for Small and Medium Enterprises 2017 and Decree 80/2021/ND-CP.

+ The economic sector and field of enterprises, organizations, households, business households, individuals stipulated in Clause 1, Clause 2, and Clause 3 of this Article are the sectors, fields in which enterprises, organizations, households, business households, individuals engage in production, business, and generate revenue in 2023 or 2024.

When is VAT declared quarterly in Vietnam?

Pursuant to Article 8 and Article 9 of Decree 126/2020/ND-CP, cases of quarterly VAT declaration include:

(1) Taxpayers meeting the following criteria:

- Taxpayers subject to monthly VAT declarations with total sales revenue from goods and services in the preceding year not exceeding 50 billion VND can declare VAT quarterly. The revenue from sales of goods and services is determined as the total revenue on VAT returns for tax periods in the calendar year.

In cases where taxpayers centralize tax declarations at their headquarters for dependent units, business locations, the revenue from sales of goods and services includes the revenue of the dependent unit, business location.

- In cases where taxpayers are newly starting operations and business, they may choose quarterly VAT declarations. After 12 months of production and business activities, from the following calendar year, the determination is based on the revenue level of the preceding calendar year (complete 12 months) to implement VAT declarations by monthly or quarterly tax periods.

(2) VAT for credit institutions or third parties authorized by credit institutions to exploit secured assets during the waiting period for processing declares on behalf of taxpayers with secured assets.