When is the deadline for submitting tax declaration for household businesses paying fixed tax in Vietnam in 2024?

When is the deadline for submitting tax declaration for household businesses paying fixed tax in Vietnam in 2024?

Based on Official Dispatch 8478/CTNDI-HKDCN on tax management for household bussinesses and individual businesses in 2024, the specific regulations are as follows:

Official Dispatch 8478/CTNDI-HKDCN... Download

Deadline for Submitting tax declaration

Pursuant to Clause 3, Article 13 of Circular 40/2021/TT-BTC:

The deadline for submitting tax declaration for household businesses paying fixed tax is no later than December 15, 2024.

In the case where a household business paying fixed tax is newly entering the business (including household bussinesses declaring a switch to the fixed-budget method), or transitioning to a declaration method, or changing business lines or scale within the year, the deadline for submitting tax declaration is no later than the 10th day from the commencement of business, method change, or change in business lines or scale.

The deadline for submitting tax declaration for cases where household businesses paying fixed tax use invoices issued by the tax authority and sell retail on an as-arisen basis is no later than the 10th day following the occurrence of revenue demanding invoice issuance.

According to Clause 3, Article 13 of Circular 40/2021/TT-BTC, specific provisions regarding the deadline for submitting tax declaration for household businesses paying fixed tax are as follows:

Tax Management for household businesses paying fixed tax

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3. Deadline for Submitting tax declaration

The deadline for submitting tax declaration for household businesses paying fixed tax is stipulated in Point c, Clause 2, Clause 3, Article 44 of the Tax Management Law. Specifically:

a) The deadline for submitting tax declaration for household businesses paying fixed tax is no later than December 15 of the year preceding the tax year.

b) In the case where a household business paying fixed tax is newly entering the business (including household bussinesses declaring a switch to the fixed-budget method), or transitioning to a declaration method, or changing business lines or scale within the year, the deadline for submitting tax declaration is no later than the 10th day from the commencement of business, method change, or change in business lines or scale.

c) The deadline for submitting tax declaration for cases where household businesses paying fixed tax use invoices issued by the tax authority and sell retail on an as-arisen basis is no later than the 10th day following the occurrence of revenue demanding invoice issuance.

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Thus, according to the aforementioned regulations, the deadline for submitting tax declaration for household businesses paying fixed tax in 2024 is no later than December 15, 2024.

When is the deadline for submitting tax declaration for household businesses paying fixed tax in Vietnam in 2024? (Image from Internet)

Vietnam: What does the fixed tax declaration Include?

Based on the guidance of Clause 2, Article 13 of Circular 40/2021/TT-BTC, the specific provisions regarding the fixed-budget tax declaration are as follows:

- From November 20, 2024, to December 5, 2024, the Tax Department will distribute the next year's tax declaration forms to all household businesses paying fixed tax (form 01/CNKD).

- household businesses paying fixed tax using invoices issued by the tax authority, selling retail on an as-arisen basis, must declare tax according to each occurrence of revenue on individual invoices and use the tax declaration form for tax declaration following form 01/CNKD. The tax declaration includes:

+ A copy of the economic contract providing goods and services in the same business line as the household business paying fixed tax;

+ A copy of the acceptance record, liquidation of the contract;

+ A copy of documents proving the origin of goods and services, such as: Purchasing list of agricultural products if it's domestic agricultural goods; Purchase and exchange list of goods from border residents if it's imported by border residents; Invoice from the seller for imported goods purchased from a domestic business organization; related documents to prove if it's self-produced or supplied goods by individuals.

- The tax authority has the right to request the presentation of originals for comparison and verification of the accuracy of copies against the originals.

What is the licensing fee for household bussinesses in Vietnam in 2025?

Based on Official Dispatch 8478/CTNDI-HKDCN on tax management for household bussinesses and individual businesses in 2024, the specific provisions regarding the licensing fee for household bussinesses in 2025 are as follows:

Official Dispatch 8478/CTNDI-HKDCN... Download

- Revenue over VND 500 million/year: VND 1,000,000/year.

- Revenue from VND 300 to 500 million/year: VND 500,000/year.

- Revenue from VND 100 to 300 million/year: VND 300,000/year.

+ For business household bussinesses (excluding individuals leasing property), the tax authority bases on tax declaration and tax management database to determine total revenue in 2024 from all sources and business locations of the Household (excluding rental income sources) as a basis to calculate the licensing fee payable for the year 2025 and notify the business household.

+ For rental activities, the revenue used as a basis to determine the licensing fee payable for the year 2025 is the total revenue from rental contracts in 2025 (excluding revenue from other business sources).

+ For business household bussinesses that have dissolved, temporarily suspended business and then resumed without determining the previous year's revenue, the revenue used as a basis to determine the licensing fee is based on the production and business enterprises of the same scale, location, and industry.

+ For business household bussinesses that have dissolved, temporarily suspended business after resuming, if they resume business within the first 6 months of the year, the full year's licensing fee is payable; if they resume in the last 6 months, 50% of the full year's licensing fee is payable.