When will the tax authority send the 2024 payment notice to household businesses in Vietnam?

When will the tax authority send the 2024 payment notice to household businesses in Vietnam?

Based on Official Dispatch 8478/CTNDI-HKDCN on tax management for household businesses and individuals for the year 2024, the following specific regulations are provided:

Official Dispatch 8478/CTNDI-HKDCN... Download

1.3. Tax Payment Deadline

- According to point a, clause 8, Article 13 of Circular No. 40/2021/TT-BTC, the Tax Authority must send the Payment Notice to household businesses no later than January 20, 2025.

+ In cases where the Tax Authority issues a Notice to adjust the presumptive tax according to the household business's notice, the deadline to issue the notice is the 20th of the following month after the change in tax amount.

+ In cases where a new presumptive household business has commenced business, the Tax Authority must send the Payment Notice Form No. 01/TB-CNKD to the household no later than the 20th of the month following the month when the tax payable arises.

- Based on point b, clause 8, Article 13 of Circular No. 40/2021/TT-BTC:

+ Presumptive household businesses pay VAT and personal income tax according to the timeline on the Payment Notice of the Tax Authority.

+ In cases where a presumptive household uses single-use invoices according to each occurrence, the tax payment deadline is the tax declaration deadline on the invoice.

As referenced in point a, clause 8, Article 13 of Circular 40/2021/TT-BTC, the specific regulations on sending tax notices and tax payment deadlines are as follows:

Tax Management for Presumptive Households

8. Sending Tax Notices and Tax Payment Deadlines

a) Sending Tax Notices

a.1) The Tax Authority sends the Payment Notice using Form No. 01/TB-CNKD issued together with Decree No. 126/2020/ND-CP dated October 19, 2020, of the Government of Vietnam, along with the Public Disclosure Board using Form No. 01/CKTT-CNKD issued with this Circular to presumptive households (including both those required to pay tax and those not required to) no later than January 20 annually. The notice is sent directly to the households (with acknowledgment of receipt signed by the taxpayer) or sent by registered mail.

....

Thus, according to the above regulation, the Tax Authority sends the Payment Notice to household businesses according to the following timelines:

- The Tax Authority sends the Payment Notice to household businesses no later than January 20, 2025.

+ If the Tax Authority issues a Notice to adjust the presumptive tax according to the household's notice, the deadline to issue the notice is no later than the 20th of the month following the month with a change in the tax amount.

+ In cases where a new presumptive household has commenced business, the Tax Authority must send the Payment Notice Form No. 01/TB-CNKD to the household no later than the 20th of the month following the month when the tax payable arises.

When will the tax authority send the 2024 payment notice to household businesses in Vietnam? (Image from the Internet)

What is the level of licensing fee for household businesses in Vietnam in 2025?

Based on Official Dispatch 8478/CTNDI-HKDCN on tax management for household businesses and individuals in 2024, the specific regulation on the level of the licensing fee for household businesses in 2025 is as follows:

Official Dispatch 8478/CTNDI-HKDCN... Download

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

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

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

+ For household businesses (excluding individuals leasing property), the Tax Authority relies on tax declaration dossiers, tax management databases (TMD) to determine the total revenue for 2024 from sources, and business locations of household businesses (excluding from property leasing sources) as a basis to calculate the licensing fee amount payable for 2025 and notify the household businesses.

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

+ For household businesses that have been dissolved, temporarily ceased business, then resumed business, if the revenue of the previous year cannot be determined, the revenue used as a basis to determine the licensing fee is based on similar scale, location, and industry business establishments.

+ For household businesses that have been dissolved, temporarily ceased business, then resumed business, if they resume business within the first 6 months of the year, they pay the full-year licensing fee rate, if resuming in the last 6 months of the year, they pay 50% of the full-year licensing fee rate.

What is the deadline for licensing fee payment in Vietnam in 2024?

According to Official Dispatch 8478/CTNDI-HKDCN on tax management for household businesses and individuals in 2024, there are specific regulations on the deadline for paying the licensing fee in 2025 as follows:

Official Dispatch 8478/CTNDI-HKDCN... Download

According to the provisions at point a, point c, clause 9, Article 18 of Decree No. 126/2020/ND-CP, the deadline for licensing fee payment for stable households from the beginning of the year is no later than January 30, 2025; for households that have been dissolved, temporarily ceased production, business, then resumed business, the deadline for licensing fee payment is no later than July 30, 2025 (if resuming business in the first 6 months of the year) or no later than January 30, 2026 (if resuming business in the last 6 months of the year).

Referencing point a, point c, clause 9, Article 18 of Decree 126/2020/ND-CP specifies as follows:

Deadline for Tax Payment for State Budget Revenue from Land, Water Resource Exploitation Fees, Mineral Resource Fees, Sea Area Usage Fees, Registration Fees, licensing fees

....

9. licensing fees:

a) The deadline for licensing fee payment is no later than January 30 annually.

b) For small and medium-sized enterprises transitioning from household businesses (including dependent units, business locations of enterprises), when the period of licensing fee exemption ends (the fourth year from the year of establishment), the deadline for licensing fee payment is as follows:

b.1) If the exemption period ends in the first 6 months of the year, the deadline is no later than July 30 of the year the exemption ends.

b.2) If the exemption period ends in the last 6 months of the year, the deadline is no later than January 30 of the year following the year the exemption ends.

c) household businesses, individual businesses that have ceased and then resumed operations have the licensing fee payment deadline as follows:

c.1) If resuming operations in the first 6 months of the year: No later than July 30 of the year resuming operations.

c.2) If resuming operations in the last 6 months of the year: No later than January 30 of the year following the year resuming operations.

Thus, the licensing fee payment deadline for 2024 for household businesses is:

- household businesses stable from the beginning of the year: No later than January 30, 2025.

- household businesses that have been dissolved, temporarily ceased production, and then resumed business:

+ No later than July 30, 2025 (resuming business in the first 6 months of the year).

+ No later than January 30, 2026 (resuming business in the last 6 months of the year).