When is the deadline for submission of tax return for the third quarter of 2024 in Vietnam?

When is the deadline for submission of tax return for the third quarter of 2024 in Vietnam?

Pursuant to Clause 1, Article 44 of the 2019 Tax Administration Law, the deadlines for submitting quarterly tax returns are stipulated as follows:

Deadlines for submitting tax returns

1. The deadlines for submitting tax returns for taxes declared monthly or quarterly are regulated as follows:

a) No later than the 20th day of the subsequent month for taxes declared and paid monthly;

b) No later than the last day of the first month of the subsequent quarter for taxes declared and paid quarterly.

2. The deadlines for submitting tax returns for taxes with an annual tax calculation period are regulated 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 directly conducting tax finalization;

c) No later than December 15 of the preceding year for flat tax returns of business households and individuals paying taxes by the flat tax method; in case of new business households, individuals, the deadline for submitting the flat tax return is no later than 10 days from the business commencement day.

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The deadlines for submitting quarterly tax returns for the quarters 1, 2, 3, and 4 of 2024 are as follows:

- Deadline for submitting the tax return for the first quarter of 2024: No later than May 2, 2024.

According to regulations, the deadline for submitting the tax return for the first quarter of 2024 would be April 30, 2024. However, since April 30, 2024, and May 1, 2024, are holidays, the deadline is extended to May 2, 2024.

- Deadline for submitting the tax return for the second quarter of 2024: No later than July 31, 2024.

- Deadline for submitting the tax return for the third quarter of 2024: No later than October 31, 2024.

- Deadline for submitting the tax return for the fourth quarter of 2024: No later than January 31, 2025.

Thus, the deadline for submitting the tax return for the third quarter of 2024 is no later than October 31, 2024.

When must the tax return for the third quarter of 2024 be submitted in Vietnam? (Internet image)

How does the tax authority receive tax returns for the third quarter from taxpayers in Vietnam?

Pursuant to Article 48 of the 2019 Tax Administration Law, the responsibilities of the tax authority for receiving tax returns are as follows:

Responsibilities of the tax authority in receiving tax returns

1. The tax authority receives the tax returns from taxpayers through the following methods:

a) Direct reception at the tax authority;

b) Reception via postal services;

c) Reception via electronic transactions through the tax authority's electronic portal.

2. The tax authority receives the tax return notification; in case the dossier is unlawful, incomplete, or not in accordance with the prescribed form, a notification must be sent to the taxpayer within 03 working days from the receipt of the dossier.

Thus, the tax authority will receive the tax returns for the third quarter from taxpayers through the following three methods:

[1] Direct reception at the tax authority;

[2] Reception via postal services;

[3] Reception via electronic transactions through the tax authority's electronic portal.

Is it possible to extend the submission time for the third quarter tax return due to a storm or flood in Vietnam?

Pursuant to Article 46 of the 2019 Tax Administration Law regarding tax extensions:

Extension of tax return submission

1. Taxpayers unable to submit tax returns on time due to natural disasters, calamities, epidemics, fires, or unexpected accidents may have the submission date extended by the head of the directly managing tax office.

2. The extension timeframe shall not exceed 30 days for monthly, quarterly, annual tax returns, and one-time tax obligations; 60 days for annual tax finalization dossiers from the original submission deadline.

3. Taxpayers must send a written request for extension to the tax office before the expiration of the tax return submission deadline, clearly stating the reason for extension with confirmation from the commune-level People's Committee or Commune Police where the case subject to extension arises as stipulated in Clause 1 of this Article.

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Thus, taxpayers unable to submit the tax return for the third quarter on time due to storms or floods can still request an extension of the submission deadline.