What are procedures for cancellation of late payment interest in Vietnam?

What are procedures for cancellation of late payment interest in Vietnam?

Pursuant to Clause 2.a, Article 22 of the Circular 80/2021/TT-BTC stipulating procedures for cancellation of late payment interest in Vietnam as follows: 

a) Procedures

a.1) The taxpayer shall prepare the application for cancellation of late payment interest and send it to the supervisory tax authority or the state budget revenue-managing tax authority.

a.2) In case the application for cancellation of late payment interest is not satisfactory, within 03 working days from the receipt of the application, the tax authority shall send a notification to the taxpayer according to Form No. 01/TB-BSTT-NNT enclosed with Decree No. 126/2020/ND-CP and request the taxpayer to provide explanation or supplement the application.

In case the application for cancellation of late payment interest is satisfactory, within 10 working days from the receipt of the application, the tax authority shall decide whether to send a notification of cancelled late payment interest (Form No. 04/KTCN in Appendix I hereof) if the taxpayer is eligible, or send a notification of rejected application (Form No. 05/KTCN in Appendix I hereof) if the taxpayer is not eligible.

What documents are included in the application for cancellation of late payment interest in Vietnam?

Pursuant to Clause 2.b, Article 22 of the Circular 80/2021/TT-BTC stipulating the application for cancellation of late payment interest in Vietnam as follows: 

b) The application for cancellation of late payment interest shall contain:

b.1) The application form No. 01/KTCN in Appendix I hereof.

b.2) Written state budget user's confirmation that the taxpayer has not received the payment according to Form No. 02/KTCN in Appendix I hereof (original copy or certified true copy);

b.3) The contract for provision of goods and/or services with the investor (original copy or copy certified by the taxpayer).

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