Vietnam: What are the reulations on tax declaration dossier and tax declaration form for household businesses and individual businesses paying taxes under periodic declarations?
- What does the tax declaration dossier for household businesses and individual businesses paying taxes under periodic declarations in Vietnam include?
- What is the tax declaration form for household businesses and individual businesses in Vietnam?
- Who will receive the tax declaration forms of household businesses and individual businesses in Vietnam? When will the tax declaration form be submitted?
- What is the tax payment deadline for household businesses and individual businesses paying taxes under periodic declarations in Vietnam?
What does the tax declaration dossier for household businesses and individual businesses paying taxes under periodic declarations in Vietnam include?
Pursuant to Clause 1, Article 11 of Circular 40/2021/TT-BTC, the tax declaration dossier for household businesses and individual businesses paying taxes under periodic declarations in Vietnam includes:
Tax administration of household businesses and individual businesses under periodic declarations
1. Tax declaration dossier
The tax declaration dossier shall contain the documents specified in Point 8.2 of Appendix I of the Government’s Decree No. 126/2020/ND-CP dated 19/10/2020, to be specific:
a) The tax form No. 01/CNKD enclosed herewith;
b) The declaration form No. 01-2/BK-HDKD enclosed herewith (for household businesses and individual businesses paying tax under declarations). Form No. 01-2/BK-HDKD is not required if the household business or individual business is able to determine revenue as confirmed by a competent authority.
Accordingly, the tax declaration dossier for household businesses and individual businesses paying taxes under periodic declarations in Vietnam includes:
- Tax declaration form for household businesses and individual businesses according to form No. 01/CNKD issued together with this Circular;
- The Appendix using form No. 01-2/BK-HDKD enclosed herewith (for household businesses and individual businesses paying tax under declarations)
Form No. 01-2/BK-HDKD is not required if the household business or individual business is able to determine revenue as confirmed by a competent authority.
What is the tax declaration form for household businesses and individual businesses in Vietnam?
The tax declaration form for household businesses and individual businesses in Vietnam is currently specified in form No. 01/CNKD issued together with Circular 40/2021/TT-BTC as follows:
Download the tax declaration form for household businesses and individual businesses in Vietnam: Here.
Who will receive the tax declaration forms of household businesses and individual businesses in Vietnam? When will the tax declaration form be submitted?
Pursuant to Clause 2, Article 11 of Circular 40/2021/TT-BTC and Clause 3, Article 11 of Circular 40/2021/TT-BTC stipulating as follows:
Tax administration of household businesses and individual businesses under periodic declarations
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2. Receiving authorities
Household businesses and individual businesses paying tax under periodic declarations as prescribed in Clause 1 Article 45 of the Law on Tax Administration shall submit tax declaration dossiers to their supervisory sub-department of taxation.
3. Deadlines for submission of tax declaration dossiers
Household businesses and individual businesses paying tax under periodic declarations shall submit tax declaration dossiers by the deadlines specified in Clause 1 Article 44 of the Law on Tax Administration. To be specific:
a) Household businesses and individual businesses paying tax under monthly periodic declarations shall submit their tax declaration dossiers by the 20th of the month succeeding the month in which tax is incurred.
b) Household businesses and individual businesses paying tax under quarterly periodic declarations shall submit their tax declaration dossiers by the last day of the first month of the quarter succeeding the quarter in which tax is incurred.
Accordingly, household businesses and individual businesses paying taxes under periodic declarations shall submit tax declaration dossiers at their supervisory sub-department of taxation.
Deadlines for submission of tax declaration dossiers for household businesses and individual businesses paying taxes under periodic declarations are:
- Household businesses and individual businesses paying tax under monthly periodic declarations shall submit their tax declaration dossiers by the 20th of the month succeeding the month in which tax is incurred.
- Household businesses and individual businesses paying tax under quarterly periodic declarations shall submit their tax declaration dossiers by the last day of the first month of the quarter succeeding the quarter in which tax is incurred.
What is the tax payment deadline for household businesses and individual businesses paying taxes under periodic declarations in Vietnam?
Pursuant to Clause 4, Article 11 of Circular 40/2021/TT-BTC as follows:
Tax administration of household businesses and individual businesses under periodic declarations
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4. Tax payment deadlines
Household businesses and individual businesses paying tax under periodic declarations shall pay tax by the deadline specified in Clause 1 Article 55 of the Law on Tax Administration, which is the deadline for submission of the tax declaration dossier. In case the tax declaration dossier has to be supplemented, tax shall be paid by the deadline for submission of the tax declaration dossier of the erroneous tax period.
Thus, the tax payment deadline of household businesses and individual businesses paying taxes under periodic declarations shall be at least the last day of the deadline for submission of the tax declaration dossiers.
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