Late Submission of Report on the Use of Personal Income Tax Withholding Certificates: What is the Penalty?

According to Clauses 1 and 2, Article 29 of Decree 125/2020/ND-CP stipulating the penalties for violations regarding the preparation and submission of notifications and reports on invoices, therein:

- A warning shall be issued for the act of submitting notifications and reports on invoices past the prescribed deadline from 01 to 05 days, from the expiration date as prescribed, if there are mitigating circumstances.

- A fine ranging from 1,000,000 VND to 3,000,000 VND shall be imposed for the following act: Submitting notifications and reports on invoices past the prescribed deadline from 01 to 10 days, from the expiration date as prescribed, except as specified in Clause 1 of this Article;

Thus, in the case of your company's late submission of the report on the use of personal income tax deduction certificates by 4 days compared to the regulation, a warning may be issued (if there are mitigating circumstances) or a fine of up to 3 million VND may be imposed.

Please refer to the above regulations to compare with your specific case.

Respectfully!