When is the deadline for submitting tax declarations in Vietnam for Quarter 4 of 2024? Shall tax declarations for Quarter 4 of 2024 be submitted online in Vietnam?
When is the deadline for submitting tax declarations in Vietnam for Quarter 4 of 2024?
Pursuant to Article 44 of the Law on Tax Administration 2019, the deadline for submitting tax declarations is stipulated as follows:
- The deadline for submitting tax declarations for taxes declared on a monthly or quarterly basis is as follows:
+ No later than the 20th day of the following month for monthly declarations;
+ No later than the last day of the first month of the subsequent quarter for quarterly declarations.
- For taxes calculated annually, the deadlines are as follows:
+ No later than the last day of the third month after the end of the calendar or financial year for annual settlement documents; no later than the last day of the first month of the calendar or financial year for annual tax declarations;
+ No later than the last day of the fourth month after the end of the calendar year for personal income tax settlement documents of individuals directly settling taxes;
+ No later than December 15 of the preceding year for flat tax declarations of business households and individuals paying tax by the flat method; in case of new business households or individuals, within 10 days from the start of business.
- For taxes declared and submitted each time a tax obligation arises, the deadline is no later than the 10th day from the arising date.
- In cases of business cessation, contract termination, or business reorganization, the deadline is no later than the 45th day from the event occurrence date.
- If the taxpayer submits the tax declaration electronically on the last day of the deadline and the tax authority's electronic portal encounters issues, the taxpayer must submit electronically on the following day after the portal resumes operation.
Therefore, according to the regulation above, the deadline for submitting the tax declaration for Quarter 4 of 2024 is January 31, 2025. However, since January 31, 2025, is a public holiday, it will be postponed to the next working day based on regulations in Article 86 of Circular 80/2021/TT-BTC, making the final deadline February 3, 2025.
When is the deadline for submitting tax declarations in Vietnam for Quarter 4 of 2024? Shall tax declarations for Quarter 4 of 2024 be submitted online in Vietnam? (Image from Internet)
Shall tax declarations for Quarter 4 of 2024 be submitted online in Vietnam?
Pursuant to Article 4 of Circular 19/2021/TT-BTC regarding principles of electronic tax transactions:
Principles of Electronic Tax Transactions
1. Taxpayers engaging in electronic tax transactions must be able to access and use the Internet, have an email address, a digital signature as prescribed in Article 7 of this Circular, or a mobile phone number issued by a telecommunications company in Vietnam (for individuals not issued a digital certificate) that has been registered for transactions with tax authorities, except when choosing an electronic tax payment method as stipulated at Point e, Clause 2 of this Article as per bank or intermediary payment service provider regulations.
- Taxpayers may choose to perform electronic tax transactions through:
a) The General Department of Taxation's electronic portal.
b) The National Public Service Portal, or the Ministry of Finance's portal connected to the General Department of Taxation's electronic portal.
c) Other authoritative state bodies' portals (excluding Point b of this Clause) that are connected with the General Department of Taxation's electronic portal.
d) T-VAN service providers accepted by the General Department of Taxation to connect with the electronic portal.
e) Electronic payment services by banks or intermediary payment service providers for electronic tax payment.
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Additionally, Clause a, Section 1, Article 8 of Circular 19/2021/TT-BTC states:
Determining the Timing for Electronic Tax Declaration Submission, Electronic Tax Payment and Time of Receipt of Notifications, Decisions, and Documents from Tax Authorities
1. Time for Electronic Tax Declaration Submission, Electronic Tax Payment
a) Taxpayers can perform electronic tax transactions 24 hours a day (from 00:00:00 to 23:59:59) and 7 days a week, including weekends, public holidays, and Tet holidays. The submission time for tax records is considered as the same day if the records are successfully signed and sent between 00:00:00 and 23:59:59.
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Thus, based on the above regulations, taxpayers can submit tax declarations for Quarter 4 online if they have Internet access, an email address, a digital signature, or a mobile phone number issued by a telecommunications company in Vietnam (for individuals not issued a digital certificate) registered for transactions with tax authorities, except when choosing electronic tax payment methods as stipulated at Point e, Clause 2, Article 4 of Circular 19/2021/TT-BTC executed according to bank or intermediary payment service provider regulations.
Note: Taxpayers can perform electronic tax transactions 24 hours a day (from 00:00:00 to 23:59:59) and 7 days a week, including weekends, public holidays, and Tet holidays.
How much is the fine for making false declaration of information required in data fields of tax declaration forms in Vietnam?
The penalty for incorrect or incomplete information required in data fields of tax declarations is stipulated in Clause 2, Article 12 of Decree 125/2020/ND-CP:
Penalties for Incorrect or Incomplete Entries in Tax Records Not Leading to Tax Shortfalls or Increased Tax Exemption, Reduction, or Refund
1. Fines ranging from 500,000 VND to 1,500,000 VND for incorrect or incomplete entries in tax records not affecting the determination of tax obligations, except as stipulated in Clause 2 of this Article.
2. Fines ranging from 1,500,000 VND to 2,500,000 VND for incorrect or incomplete information required in data fields of tax declarations and appendices that do not affect tax obligation determination.
3. Fines ranging from 5,000,000 VND to 8,000,000 VND for the following acts:
a) Incorrect or incomplete entries related to tax obligation determination in tax records;
b) Acts as stipulated in Clause 3, Article 16; Clause 7, Article 17 of this Decree.
4. Remedial Measures:
a) Mandatory re-declaration and supplementary submission of tax record documents for acts stipulated in Clause 1, 2, and Point a, Clause 3 of this Article;
b) Mandatory adjustment of losses and input VAT amounts deducted and carried forward (if any) for acts stipulated in Clause 3 of this Article.
Additionally, pursuant to Clause 5, Article 5 of Decree 125/2020/ND-CP:
Principles for Administrative Sanction on Tax, Invoice Violations
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5. For the same administrative tax or invoice violation, the fine for organizations is 2 times that for individuals, except for fines as stipulated in Articles 16, 17, and 18 of this Decree.
And Clause 4, Article 7 of Decree 125/2020/ND-CP states:
Forms of Sanction, Remedial Measures, and Principles for Applying Fines in Administrative Sanctions on Tax, Invoice Violations
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4. Principles for Applying Fines
a) The fines stipulated in Articles 10, 11, 12, 13, 14, 15, Clauses 1, 2, Article 19, and Chapter III of this Decree are fines for organizations.
For households and business households as taxpayers, the fines are equivalent to those for individuals.
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Thus, for incorrect or incomplete information required in data fields of tax declarations, organizations may face administrative sanctions ranging from 1,500,000 VND to 2,500,000 VND.
In cases where the violator is an individual, the fine is half of the mentioned amount.
Additionally, individuals making incorrect or incomplete information required in data fields of tax declarations must undertake remedial measures, which include re-declaration and supplementary submission of tax record documents.
