When is the deadline for VAT payment for the third quarter of 2024 in Vietnam?

When is the deadline for VAT payment for the third quarter of 2024 in Vietnam?

According to Article 55 of the Tax Management Law 2019 regarding VAT payment deadlines as follows:

Tax payment deadlines

1. In case taxpayers calculate the tax, the latest deadline for tax payment is the last day of the tax declaration submission period. In case of additional declaration, the tax payment deadline is the submission deadline of the declaration for the relevant tax period which had errors or omissions.

For corporate income tax, the quarterly provisional payment deadline is the 30th of the first month of the following quarter.

Thus, the VAT payment deadline for quarterly tax periods is the last day of the tax declaration submission period.

Referring to Article 44 of the Tax Management Law 2019, the VAT payment deadline for quarterly tax periods is the last day of the first month of the following quarter in which the tax obligation arises.

Additionally, based on Article 4 of Decree 64/2024/ND-CP on extending tax payment deadlines and land rent:

Extension of tax payment deadlines and land rent

1. For value-added tax (excluding VAT on imports)

...

Enterprises and organizations eligible for extension must declare and submit VAT declarations on a monthly, quarterly basis as per current legal regulations, but do not have to pay the VAT amount arising from the declared VAT declarations. The extended VAT payment deadlines for months and quarters are as follows:

...

The VAT payment deadline for the tax period of the third quarter 2024 is no later than December 31, 2024.

...

According to the above regulations, the VAT payment deadline for the tax period of the third quarter 2024 is no later than December 31, 2024.

When is the deadline for VAT payment for the third quarter of 2024 in Vietnam? (Image from the Internet)

Guide to submitting a Request for deadline extension of VAT payment in Vietnam for 2024

In Section 1 Appendix 1 of Official Dispatch 3002/TCT-KK in 2024, instructions for submitting a request for the extension of VAT, corporate income tax (CIT), personal income tax (PIT), and land rent in 2024 are provided as follows:

(1) Taxpayers who are eligible for the extension under Decree 64/2024/ND-CP must send the Request for deadline extension form to the tax authority that directly manages them, at the same time as submitting the monthly/quarterly tax declaration as per tax management regulations.

Note: If the Request for deadline extension form is not submitted together with the monthly/quarterly tax declaration, the latest submission deadline is September 30, 2024. If any errors are found on the submitted Request form, the taxpayer must send a replacement form no later than September 30, 2024.

In the case of branches or dependent units of enterprises or organizations as per Article 3 of Decree 64/2024/ND-CP that declare VAT and CIT separately with the tax authority directly managing the branch or dependent unit and are eligible for VAT and CIT payment extension according to Article 3 of Decree 64/2024/ND-CP, the branch or dependent unit must send the Request for deadline extension form to the tax authority managing them directly.

For enterprises or organizations with branches or dependent units eligible for VAT and CIT payment extension under Article 3 of Decree 64/2024/ND-CP, but do not submit separate VAT and CIT declarations to the tax authority, the enterprise or organization must send the Request for deadline extension form including information on the branches or dependent units to the tax authority directly managing the enterprise or organization.

For business households, individual businesses under Article 3 of Decree 64/2024/ND-CP with business locations operating in multiple areas and granted separate tax codes for declaration or payment as notified by the tax authority, the business household or individual business must use the granted tax code to prepare and submit the Request for deadline extension form to the tax authority managing the business location directly. If a business household or individual business has multiple business locations managed by the same tax authority, only one (01) Request for deadline extension form should be sent to the tax authority managing these business locations directly.

In case taxpayers request an extension for one or multiple leased lands managed by the same tax authority, the Request for deadline extension form should be sent to the tax authority managing the leased land. If taxpayers request an extension for both land rent and other taxes or for rented lands in different areas, a single Request for deadline extension form should be sent to the tax authority directly managing the taxpayer.

Guide to completing the information on the Request for deadline extension form for 2024 in Vietnam

Section 2 Appendix 1 of Official Dispatch 3002/TCT-KK in 2024, the tax authority provides guidance for taxpayers to accurately fill in the information on the Request for deadline extension form for 2024, as follows:

- Tax Authority: The tax authority that directly manages the taxpayer or the tax authority that directly manages the branch, dependent unit, or business location as guided in section 1;

- Criteria [01], [02], [03], [04]: Taxpayers must fully declare the information on Name, tax code, address, and contact phone number of the taxpayer;

- Criteria [05], [06]: Taxpayers must fully declare the information on Name, tax code of the tax agent;

- Criteria [07]: Taxpayers must select the types of taxes requested for an extension and eligible for an extension as per the Decree, including:

a) Value-added tax of enterprises, organizations

b) Corporate income tax of enterprises, organizations

c) Value-added tax and personal income tax of households and individual businesses

d) Land rent

Details of each leased land subject to extension of land rent

- Land 1 under Decision/Contract No...., dated.../.../....:……

- Land 2 under Decision/Contract No...., dated.../.../....:……

...

- Criteria [08]: Taxpayers must select the applicable case for an extension. Specifically:

+ Section I: Taxpayers self-identify under the provisions of the Small and Medium Enterprise Support Law 2017 and Decree 80/2021/ND-CP.

+ Section II: Taxpayers self-identify under the provisions of Decision 27/2018/QD-TTg; Decree 111/2015/ND-CP; Decision 319/QD-TTg of 2018.