Which taxes shall be declared monthly and annually in 2024 in Vietnam? What is the deadline for submission of tax declaration dossiers of taxes declared monthly in Vietnam?

Which taxes shall be declared monthly and annually in 2024 in Vietnam?

Pursuant to Clauses 1 and 3, Article 8 of the Decree 126/2020/ND-CP stipulating taxes declared monthly and annually in Vietnam:

1. The following taxes AND other amounts collected by tax authorities have to be declared monthly:

- Value-added tax (VAT), personal income tax. Taxpayers who satisfy the requirements specified in Article 9 of the Decree 126/2020/ND-CP may declare these taxes quarterly.

- Excise duty.

- Environment protection tax.

- Resource royalty, except that specified in Point e of this Clause.

- Fees and charges payable to state budget (except those collected by diplomatic missions of Vietnam as prescribed in Article 12 of the Decree 126/2020/ND-CP; customs fees, goods, luggage and vehicle transit charges).

- For extraction and sale of natural gas: resource royalty; corporate income tax; special tax of Vietsovpetro JV in block 09.1 of Vietnam - Russia Agreement dated December 27, 2010 on cooperation in geological survey and petroleum extraction in the continental shelves of the Socialist Republic of Vietnam by Vietsovpetro JV; profit on natural gas received by the host country.

2. The following taxes and other amounts shall be declared annually:

- Licensing fees.

- Personal income tax on individuals working as lottery, insurance, multi-level marketing agents that remains after deduction and ha to be paid at the end of the year.

- Presumptive taxes and other amounts payable by household businesses and individual businesses; lessors that decide to declare tax annually

- Non-agricultural land use tax.

- Agriculture land levy.

In additiion, annually paid land rents and water surface rents shall also be subject to taxes declared annually.

Which taxes shall be declared monthly and annually in 2024 in Vietnam? What is the deadline for submission of tax declaration dossiers of taxes declared monthly in Vietnam? - image from internet

What is the deadline for submission of tax declaration dossiers of taxes declared monthly in Vietnam?

Pursuant to Clause 1 Article 44 of the Law on Tax Administration in 2019 stipulating the deadline for submission of tax declaration dossiers of taxes declared monthly in Vietnam:

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 20^th 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 3^rd 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 4^th month from the end of the calendar year;

c) For presumptive tax declarations prepared by household businesses and individual businesses: the 15^th of December of the preceding year. For new household businesses and individual businesses: within 10 days from the date of commencement of the business.

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As regulated above, the deadline for submission of tax declaration dossiers of taxes declared monthly in Vietnam is the 20th of the month succeeding the month in which tax is incurred.

What is the deadline for submission of tax declaration dossiers of taxes declared annually in Vietnam?

Pursuant to Clause 2 Article 44 of the Law on Tax Administration in 2019 stipulating the deadline for submission of tax declaration dossiers of taxes declared annually in Vietnam:

- 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

- For annual personal income tax statements prepared by income earners: the last day of the 4th month from the end of the calendar year;

- 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.

Best regards!