When is the tax payment deadline in Vietnam? Is it concurrent with the tax declaration submission?

When is the tax payment deadline in Vietnam? Is it concurrent with the tax declaration submission?

Pursuant to Article 55 of the Law on Tax Administration 2019 stipulates as follows:

Tax Payment Deadline

1. In cases where the taxpayer calculates the tax, the payment deadline is the latest on the last day of the tax declaration submission deadline. In cases of supplementary tax declaration, the payment deadline is the submission deadline for the tax period with errors or omissions.

For corporate income tax, it is provisionally paid quarterly, with the latest payment date being the 30th of the first month of the following quarter.

For crude oil, the payment deadline for the natural resource tax, corporate income tax based on each crude oil sale is 35 days from the sale date for domestically sold crude oil or from the customs clearance date according to customs laws for exported crude oil.

For natural gas, the payment deadline for the resource tax, corporate income tax is monthly.

2. In cases where the tax authority calculates the tax, the payment deadline is as indicated on the tax authority's notification.

3. For other state budget contributions from land, water resource exploitation rights fee, mineral resource fees, registration fees, business license fees, the payment timeline is per Government regulations.

4. For exported, imported goods subject to tax per tax law, the payment deadline is as stipulated in the Export and Import Tax Law; in cases of payable tax arising after customs clearance or goods release, the following deadlines apply:

a) The supplemental tax declaration payment deadline follows the initial customs declaration tax deadline;

b) The deadline for goods requiring analysis or verification to determine the exact tax payable; goods without an official price at customs declaration registration; goods with actual payment terms or adjustments not specified at declaration registration follow the regulations of the Minister of Finance.

Thus, when a taxpayer calculates the tax, the latest tax payment deadline is the last day of the tax declaration submission period.

If a supplementary tax declaration is made, the payment deadline is the declaration submission period for the tax period involving errors or omissions.

Additionally, specific tax payment deadlines include:

- For corporate income tax, it is provisionally paid quarterly, with the latest payment by the 30th of the first month of the following quarter.

- For crude oil, the payment deadline for resource tax, corporate income tax based on each crude oil sale is 35 days from the sale date for domestic sales or customs clearance for exports as per customs laws.

For natural gas, payment of resource tax and corporate income tax is monthly.

- For other state budget revenues from land, water resource exploitation rights fee, mineral resource fees, registration fees, business license fees, payment follows the Government's regulations.

- For exported, imported goods:

+ The supplemental tax declaration payment deadline and any determined tax amounts follow the initial customs declaration payment timeline;

+ The payment timeline for goods needing analysis, verification to precisely determine tax payable, goods without official pricing upon customs registration, goods with real payment terms, goods with adjustments added to customs valuation not determined at customs declaration registration is as per the Ministry of Finance regulations.

When is the tax payment deadline in Vietnam? Is it concurrent with the tax declaration submission? (Image from the Internet)

What is the tax declaration submission deadline in Vietnam?

Pursuant to Article 44 of the Law on Tax Administration 2019 stipulates the tax declaration submission deadlines as follows:

- The tax declaration submission deadlines for taxes declared monthly or quarterly are 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 following quarter for quarterly declarations.

- The tax declaration submission deadlines for annual taxes are as follows:

+ No later than the last day of the third month from the end of the calendar or fiscal year for annual tax finalization; no later than the last day of the first month of the calendar or fiscal year for annual tax declarations;

+ No later than the last day of the fourth month from the end of the calendar year for personal income tax finalization of direct tax finalization individuals;

+ No later than December 15 of the preceding year for fixed tax declarations of business households and individuals using fixed tax methods; in cases of new business operations, the latest submission is 10 days from starting the business.

- The tax declaration submission deadline for each tax arising event is no later than 10 days from the tax obligation's occurrence.

- The submission deadline in case of business cessation, contract termination, or company reorganization is no later than 45 days from the event date.

- For exported, imported goods, submission follows Customs Law.

- If the taxpayer files via electronic transactions and encounters system issues on the last submission day, they may file tax declarations and electronic payment documents the following day post-resumption of the tax authority’s electronic system.

Where to make tax payments in Vietnam?

Based on Article 56 of the Law on Tax Administration 2019, taxpayers are required to submit tax payments to the state budget at:

- The State Treasury;

- The tax authority receiving tax declarations;

- Through organizations authorized by the tax authority to collect taxes;

- Through commercial banks, other credit institutions, and service organizations as per legal regulations.