Do I have to submit a tax declaration form when the previous year's revenue cannot be determined in Vietnam?

Do I have to submit a tax declaration form when the previous year's revenue cannot be determined in Vietnam?

Pursuant to Clause 2, Article 13 of Circular 40/2021/TT-BTC stipulating tax administration of fixed tax payers as follows:

2. Tax declaration dossier

a) From November 20 to December 05 every year, tax authorities shall hand out the tax form of the next year to all fixed tax payers.

b) The tax declaration dossier to be prepared by the fixed tax payer according to Point 8.1 of Appendix I of the Decree No. 126/2020/ND-CP shall be tax form No. 01/CNKD enclosed herewith.

c) The fixed tax payer that uses invoices issued or sold separately by the tax authority shall declare tax on these separate invoices and submit the tax form No. 01/CNKD together with the following documents:

- Copy of the contract for provision of goods/services in the same business lines as those of the fixed tax payer;

- Copy of the contract finalization record;

- Documents proving origins of goods and services 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 or provided by the individual business, etc.

The tax authority is entitled to request the taxpayer to present original copies for comparison with the copies.

In case in 2022 your household business continues to pay tax according to the fixed method in Vietnam, based on Article 13 of Circular No. 40/2021/TT-BTC, from November 20, 2021 to December 5, 2021, the agency will The tax office issues next year's tax declaration to all household businesses. You are responsible for declaring the declaration based on business revenue in 2021, the development situation of the business establishment,... to determine the revenue level and expected fixed tax rate.

In case a household business switches to paying taxes using the declaration method in 2022, you will base on the actual business situation to declare taxes and pay taxes monthly/quarterly according to the provisions of Article 11 of Circular No. 40/ 2021/TT-BTC in Vietnam.

Do I have to submit a tax declaration form when the previous year's revenue cannot be determined in Vietnam? (Image from the Internet)

What is the time to submit tax declaration forms for household businesses in Vietnam?

Pursuant to Clause 3, Article 13 of Circular 40/2021/TT-BTC, deadlines for submission of tax declaration dossiers are as follows:

3. Deadlines for submission of tax declaration dossiers

The deadlines for fixed tax payers to submit their tax declaration dossiers are specified in Point c Clause 2 and Clause 3 Article 44 of the Law on Tax Administration. To be specific:

a) December 15 of the year preceding the year in which tax is incurred.

b) For new fixed tax payers (including household businesses that switch from paying under declarations to paying fixed tax), fixed tax payers that switch to paying tax under periodic declarations, fixed tax payers that change their business lines or scale in the year: 10 days from the day on which the change occurs.

c) The tax declaration dossier prepared by a fixed tax payer that uses invoices issued or sold separately by the tax authority shall be submitted within 10 days from the day on which the revenue on these invoices is earned.

The deadline for submitting the tax declaration is December 15, 2021, if your household is a contracted household using invoices issued by the tax authority, selling retail each time it arises, no later than the 10th day from the date of revenue generation requiring the use of invoices in Vietnam.

Best regards!