What are the instructions for declaring dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies in Vietnam?

What are the instructions for declaring dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies in Vietnam? - asked T.Q (Hanoi)

What are the instructions for declaring dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies in Vietnam?

Pursuant to Subsection 33 of Section II Administrative Procedures issued with Decision 1462/QD-BTC in 2022, the instructions for declaring dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies are as follows:

Step 1: The taxpayer prepares the data, compiles the documentation, and submits it to the tax authority no later than the 10th day from the date the obligation to declare dividends and profits (the date of receiving dividends, profits) distributed to state-owned capital in joint-stock companies, multi-member limited liability companies arises.

Step 2: The tax authority carries out the reception:

- The tax management authority receives the tax declaration dossier and notifies the reception of the tax declaration dossier. In case the dossier is illegal, incomplete, or not in the prescribed format, the taxpayer will be notified within 3 working days from the date of receiving the dossier.

- In the case of receiving the dossier through the e-portal of the General Department of Taxation, the tax authority receives, checks, and processes the dossier through the electronic data processing system of the tax authority:

+ The e-portal of the General Department of Taxation sends a notification of receiving the tax declaration dossier or a notification of the reason for not accepting the dossier to the taxpayer through the e-portal chosen by the taxpayer to create and submit the dossier (e-portal of the General Department of Taxation/e-portal of the competent state authority or the T-VAN service provider) no later than 15 minutes from the time of receiving the taxpayer's electronic tax declaration dossier.

+ The tax authority conducts the inspection and resolution of the taxpayer's tax declaration dossier in accordance with the provisions of the Tax Administration Law and the guiding documents, and sends a notification of acceptance/non-acceptance of the dossier to the e-portal chosen by the taxpayer to create and submit the dossier no later than 1 working day from the date stated in the notification of receiving the electronic tax declaration dossier.

What are the instructions for declaring dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies in Vietnam?

What is the declareation for dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies in Vietnam?

Pursuant to Subsection 33 of Section II Administrative Procedures issued with Decision 1462/QD-BTC in 2022, the declareation for dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies includes:

- The dividend declaration form for dividends distributed to state-owned capital in joint-stock companies, companies with two or more members, and state-owned capital, issued together with Appendix 1 - Tax Declaration Document List of Decree 126/2020/ND-CP and Circular 80/2021/TT-BTC.

What are the methods of declaring dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies in Vietnam?

Pursuant to Subsection 33 of Section II Administrative Procedures issued with Decision 1462/QD-BTC in 2022, the methods of declaring dividends and profits distributed to state-owned capital in joint-stock companies, multi-member limited liability companies are as follows:

- Submitting directly at the tax authority's headquarters.

- Or sending through the postal system.

- Or submitting the electronic dossier to the tax authority via electronic transactions (the e-portal of the General Department of Taxation/e-portal of the competent state authority or the T-VAN service provider).

Vietnam: What does a multiple-member limited liability company mean?

Pursuant to Article 46 of the Law on Enterprise 2020, it is stipulated as follows:

Multi-member limited liability companies
1. A multiple-member limited liability company means an enterprise that has 02 – 50 members that are organizations or individuals. A member’s liability for the enterprise’s debts and other liabilities shall be equal to the amount of capital that member contributed to the enterprise, except for the cases specified in Clause 4 Article 47 of this Law. The member’s stake (contributed capital) may only be transferred in accordance with Articles 51, 52 and 53 of this Law.
2. A multiple-member limited liability company has the status of a juridical person from the day on which the Certificate of Enterprise Registration is issued.
3. Multiple-member limited liability companies must not issue shares except for equitization.
4. Multiple-member limited liability companies may issue bonds in accordance with this Law and relevant laws; private placement of bonds shall comply with Article 128 and Article 129 of this Law.

Thus, according to the above regulations, multi-member limited liability companies have a maximum of 50 members.

LawNet

The latest legal advice
Related topics
MOST READ
{{i.ImageTitle_Alt}}
{{i.Title}}