Vietnam: What does the tax declaration dossier for individual businesses paying taxes under separate declarations include?
- What does the tax declaration dossier for individual businesses paying taxes under separate declarations in Vietnam include?
- Where will individual businesses paying taxes under separate declarations in Vietnam submit tax declaration dossiers?
- What is the deadline of submitting tax declaration dossiers for individual businesses paying taxes under separate declarations in Vietnam?
What does the tax declaration dossier for individual businesses paying taxes under separate declarations in Vietnam include?
Pursuant to Clause 1, Article 12 of Circular 40/2021/TT-BTC stipulating as follows:
Tax administration of individual businesses paying tax under separate declarations
1. Tax declaration dossier
The tax declaration dossier shall contain the documents specified in Point 8.3 of Appendix I of the Decree No. 126/2020/ND-CP. To be specific:
a) The tax form No. 01/CNKD enclosed herewith;
b) The following documents:
- Copy of the contract for provision of goods/services;
- Copy of the contract finalization record;
- Documents proving origins of goods such as: manifest of domestic farm products; manifest of traded goods of border residents for goods imported by border residents; invoices provided by sellers for imports purchased from domestic organizations and individuals; documents proving that the goods are manufactured by the individual business, etc.
The tax authority is entitled to request the taxpayer to present original copies for comparison with the copies.
Accordingly, the tax declaration dossier for individual businesses paying taxes under separate declarations in Vietnam includes:
- Tax declaration form
- The following documents:
+ Copy of the contract for provision of goods/services;
+ Copy of the contract finalization record;;
+ Copies of documents proving the origin of goods
Where will individual businesses paying taxes under separate declarations in Vietnam submit tax declaration dossiers?
Pursuant to Clause 2, Article 12 of Circular 40/2021/TT-BTC stipulating as follows:
Tax administration of individual businesses paying tax under separate declarations
...
2. Receiving authorities
Individual businesses paying tax under separate declarations shall submit tax declaration dossiers to the authorities specified in Clause 1 Article 45 of the Law on Tax Administration. To be specific:
a) The individual business that is a traveling trader shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where he/she does business.
b) The individual business that earns income from provision of digital information products and/or services shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where his/her permanent or temporary residence is located.
c) The individual that earns income from transferring Vietnam’s top-level domains “.vn” shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where his/her residence is located. In case the transferor is not a resident, tax declaration dossiers shall be submitted to the supervisory tax authority of the organization that manages the “.vn” domains.
d) The individual business that is a private construction contractor shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where the construction site is located.
Receiving authorities of tax declaration dossiers submitted by individual businesses paying taxes under separate declarations in Vietnam are:
- The individual business that is a traveling trader shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where he/she does business.
- The individual business that earns income from provision of digital information products and/or services shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where his/her permanent or temporary residence is located.
- The individual that earns income from transferring Vietnam’s top-level domains “.vn” shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where his/her residence is located. In case the transferor is not a resident, tax declaration dossiers shall be submitted to the supervisory tax authority of the organization that manages the “.vn” domains.
- The individual business that is a private construction contractor shall submit tax declaration dossiers to the supervisory sub-department of taxation of the area where the construction site is located.
What is the deadline of submitting tax declaration dossiers for individual businesses paying taxes under separate declarations in Vietnam?
Pursuant to Clause 3, Article 12 of Circular 40/2021/TT-BTC stipulating as follows:
Tax administration of individual businesses paying tax under separate declarations
...
3. Deadlines for submission of tax declaration dossiers
Individual businesses paying tax under separate declarations as prescribed in Clause 3 Article 44 of the Law on Tax Administration within 10 days from the day on which tax is incurred.
Thus, the deadline of submitting tax declaration dossiers for individual businesses paying taxes under separate declarations is within 10 days from the day on which tax is incurred.
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