Vietnam: What is the deadline for paying CIT in the fourth quarter of 2022? Where will taxpayers pay taxes?
What is the deadline for paying CIT in the fourth quarter of 2022 in Vietnam?
Pursuant to Clause 1, Article 55 of the Law on Tax Administration 2019 as follows:
Article 55. Tax payment deadlines
1. In case tax is calculated by the taxpayer, the tax payment deadline is the deadline for submission of the tax declaration dossier. In case of submission of supplementary tax documents, the tax payment deadline is the deadline for submission of the erroneous tax declaration dossier.
The deadline for paying corporate income tax, which is paid quarterly, is the 30th of the first month of the next quarter.
The deadline for paying resource royalty and corporate income tax on crude oil is 35 days from the date of selling domestically or the date of customs clearance in case of export.
Resource royalty and corporate income tax on natural gas shall be paid monthly.
2. In case tax is calculated by the tax authority, the tax payment deadline shall be specified in the tax authority’s notice.
3. The deadlines for paying other amounts payable to state budget from land, grant of the right to water resource extraction or mineral extraction, registration fees and licensing fees shall be specified by the Government.
4. For taxable exports and imports, deadlines for tax payment are specified in the Law on Export and import duties. In case tax is incurred after customs clearance or conditional customs clearance:
a) The deadline for submission of supplementary documents and fulfillment of the imposed tax liability is the same as that on the initial customs declaration;
b) The Minister of Finance shall specify deadlines for paying tax on goods that need to under analysis to determine tax payable, goods without official prices when the customs declaration is registered; goods for which the payment; goods for which payments and added amounts to the customs value are unknown when the customs declaration is registered.
Accordingly, the deadline for paying corporate income tax, which is paid quarterly, is the 30th of the first month of the next quarter.
Thus, the deadline for paying CIT in the fourth quarter of 2022 in Vietnam is January 30, 2023.
Where will taxpayers in Vietnam pay taxes?
According to Article 56 of the Law on Tax Administration 2019, taxpayers in Vietnam shall pay taxes to the state budget according to the following provisions:
- At State Treasuries;
- At the tax authorities that receive the tax declaration dossiers;
- Via an organization authorized by the tax authority to collect tax; or
- Via a commercial bank or credit institution or service provider as prescribed by law.
Every organization that collects or deducts tax shall provide tax payment documents to taxpayers.
What are the deadlines for submitting tax declaration dossiers and paying VAT in the fourth quarter of 2022 in Vietnam?
According to the provisions of Article 44 of the Law on Tax Administration 2019, the deadlines for submitting declaration dossiers are as follows:
Deadlines for submission of tax declaration dossiers
1. Deadlines for submission of tax declaration dossiers of taxes declared monthly and quarterly:
a) For taxes declared monthly: the 20th of the month succeeding the month in which tax is incurred;
b) For taxes declared quarterly: the last day of the first month of the succeeding quarter.
2. For taxes declared annually:
a) For annual tax statement dossiers: the last day of the 3rd month from the end of the calendar year or fiscal year. For annual tax declaration dossiers: the last day of the first month from the end of the calendar year or fiscal year
b) For annual personal income tax statements prepared by income earners: the last day of the 4th month from the end of the calendar year;
c) For presumptive tax declarations prepared by household businesses and individual businesses: the 15th of December of the preceding year. For new household businesses and individual businesses: within 10 days from the date of commencement of the business.
3. For declaration of taxes that are declared and paid upon incurrence: the 10th day from the day on which tax is incurred.
4. For tax declaration dossiers upon shutdown, contract termination, business conversion or business re-arrangement: the 45th day from the occurrence of the event.
5. The Government shall specify the deadlines for submission of statements of farming land levies, non-farming land levies; land levies; land rents, water surface rents; mineral extraction licensing fee; water resource extraction licensing fee; registration fee; licensing fees; other amounts payable to state budget in accordance with regulations of law on management and use of public property; multinational profit reports.
6. Deadlines for submission of customs dossiers of exports and imports are specified by the Law on Customs.
7. In case a taxpayer declares tax electronically on the last day of the time limit for declaration and the information portal of the tax authority is not functional, the taxpayer may submit the electronic declaration on the next day after the online portal is functional again.
Thus, the deadlines for submitting tax declaration dossiers in the fourth quarter of 2022 are as follows:
- For VAT:
+ Monthly tax declaration: for the tax period of December 2022, the deadline is January 27, 2023.
+ Quarterly tax declaration: for the tax period in the fourth quarter of 2022, the deadline is January 31, 2023.
- For PIT based on wages and salaries:
For organizations and enterprises that pay incomes from salaries or wages and have tax deductions, the deadlines for submitting tax declaration dossiers and paying taxes are:
- Monthly tax declaration: for the tax period of December 2022, the deadline is January 27, 2023.
- Quarterly tax declaration: for the fourth quarter of 2022, the deadline is January 31, 2023.
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