When is the time limit for submitting supplementary tax declaration with errors in Vietnam for the fourth quarter of 2024?

When is the time limit for submitting supplementary tax declaration with errors in Vietnam for the fourth quarter of 2024?

Pursuant to Clause 1, Article 47 of the Tax Administration Law 2019 (amended and annulled in certain parts by Clause 6, Article 6 of the Law Amending the Law on Securities, Law on Accounting, Law on Independent Audit, Law on State Budget, Law on Management and Use of Public Assets, Law on Tax Administration, Law on Personal Income Tax, Law on National Reserve, Law on Handling Administrative Violations 2024) which regulates the supplementary tax declaration as follows:

Supplementary Tax Declaration

1. Taxpayers who discover that their submitted tax declarations to the tax authorities are incorrect or erroneous can submit supplementary tax declarations within 10 years from the deadline of submitting tax declarations for the tax period that contains the errors, in the following cases:

a) Before the tax authority or other competent authority announces the decision to conduct an inspection, examination;

b) The declarations do not fall within the scope or period of tax inspection, examination specified in the tax inspection, examination decision.

For contents within the scope of inspection, examination, taxpayers are allowed to supplement explanatory documents in accordance with tax law, inspection law, and the conclusions, regulations of the relevant specialized authority pertaining to determining the taxpayer's tax obligations.

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Accordingly, under the above regulation, the time limit for submitting supplementary tax declarations for the fourth quarter of 2024 with errors is 10 years from the deadline of submitting the tax declaration for the fourth quarter of 2024, in the following cases:

- Before the tax authority or other competent authority announces the decision to conduct an inspection, examination;

- The declarations do not fall within the scope or period of tax inspection, examination specified in the tax inspection, examination decision.

When is the time limit for submitting supplementary tax declaration with errors in Vietnam for the fourth quarter of 2024? (Image from the Internet)

What are regulations on the extension for submitting tax returns in Vietnam?

According to Article 46 of the Tax Administration Law 2019 the extension of the deadline for submitting tax returns is regulated as follows:

- Taxpayers who are unable to submit their tax returns on time due to natural disasters, calamities, epidemics, fire, or unexpected accidents, shall be granted an extension by the head of the directly managing tax authority.

- The extension cannot exceed 30 days for monthly, quarterly, yearly tax declarations, or declarations for each tax obligation arising; 60 days for submitting final tax settlement declarations from the deadline for submitting tax declarations.

- Taxpayers must submit a written request for an extension of the submission deadline to the tax authority before the tax declaration deadline, stating the reasons for the extension, with confirmation from the commune-level People's Committee or local police at the location where the extension applies.

- Within 3 working days from receipt of the request for a submission extension, the tax authority must reply in writing to the taxpayer regarding the acceptance or denial of the extension request.

Where is the location for submitting tax returns in Vietnam?

Pursuant to Article 45 of the Tax Administration Law 2019, the specific provisions regarding the location for submitting tax returns are as follows:

- Taxpayers submit tax returns to the directly managing tax authority.

- In case of submitting tax returns through a one-stop-shop mechanism, the submission location shall be in accordance with the regulations of that mechanism.

- The location for submitting tax returns for export and import goods shall comply with the Law on Customs.

- The Government of Vietnam regulates the location for submitting tax returns in the following cases:

+ Taxpayers with multiple production and business activities;

+ Taxpayers conducting production and business activities in multiple areas; taxpayers with tax obligations that arise with types of taxes declared and paid per occurrence;

+ Taxpayers with tax obligations arising from revenue from land; granting rights to exploit water resources, mineral resources;

+ Taxpayers with personal income tax settlement obligations;

+ Taxpayers declaring taxes through electronic transactions and other necessary cases.

What are the responsibilities of the tax authority in receiving tax returns in Vietnam?

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

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

+ Direct receipt at the tax authority;

+ Receipt via postal service;

+ Electronic receipt through the tax authority's electronic transaction portal.

- The tax authority receives tax returns and notifies the receipt; in cases where the return is invalid, incomplete, or incorrect according to regulations, it must notify the taxpayer within 3 working days from receipt of the return.