When should the value-added tax declaration for April 2024 be submitted? Who has the authority to decide on value-added tax refunds?
Who is required to pay value-added tax in 2024?
When is the value-added tax return for April 2024 due?
Who has the authority to decide on value-added tax refunds?
Who is subject to VAT payment in 2024?
According to Article 4 of the VAT Law 2008, those subject to VAT payment in 2024 are:
- Organizations and individuals producing and trading goods and services subject to VAT (business establishments).
- Organizations and individuals importing goods subject to VAT (importers).
When to submit the VAT return for April 2024? Who has the authority to decide on VAT refunds? (Image from the Internet)
When to submit the VAT return for April 2024?
Based on Clause 1, Article 44 of the Law on Tax Administration 2019, the deadlines for filing tax returns are as follows:
Deadline for filing tax returns
- The deadline for filing tax returns for taxes declared monthly or quarterly is stipulated as follows:
a) No later than the 20th of the following month for monthly declarations and payments;
b) No later than the last day of the first month of the following quarter for quarterly declarations and payments.
- The deadline for filing tax returns for taxes calculated annually is stipulated as follows:
a) No later than the last day of the third month following the end of the calendar year or fiscal year for annual tax finalization returns; no later than the last day of the first month of the calendar year or fiscal year for annual tax returns;
b) No later than the last day of the fourth month following the end of the calendar year for personal income tax finalization returns for individuals directly finalizing their taxes;
c) No later than December 15 of the preceding year for the tax declaration dossiers of business households and individuals paying taxes according to the presumption method; for new business households and individuals, the declaration must be submitted no later than 10 days from the start of business.
The deadline for filing tax returns for taxes declared and paid for each occurrence of tax obligation is no later than the 10th day from the day the tax obligation arises.
The deadline for filing tax returns in the case of cessation of activities, termination of contracts, or reorganization of enterprises is no later than the 45th day from the date of the event.
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For monthly tax returns, the submission deadline is also the tax return filing deadline for the month. For VAT declared and paid monthly, the deadline for submitting the VAT return is no later than the 20th of the following month in which the tax liability arises.
Thus, the deadline for submitting the VAT return for April 2024 is Monday, May 20, 2024.
Who has the authority to decide on VAT refunds?
According to Article 76 of the Law on Tax Administration 2019, the authority to decide on tax refunds is as follows:
Authority to decide on tax refunds
The General Director of the General Department of Taxation, the Directors of Provincial/Municipal Tax Departments decide on tax refunds in accordance with tax laws.
The heads of tax authorities receiving refund dossiers of excess tax payments decide on refunds in cases of overpaid taxes under this Law.
The General Director of the General Department of Customs, the Directors of Provincial/Municipal Customs Departments, the Heads of Customs Sub-Departments where the tax refundable amount arises decide on tax refunds in accordance with tax laws.
The Minister of Finance stipulates the procedures for tax refunds.
Thus, the authority to decide on VAT refunds is as follows:
- The General Director of the General Department of Taxation, the Directors of Provincial/Municipal Tax Departments decide on VAT refunds in accordance with tax laws.
- The heads of tax authorities receiving refund dossiers of excess tax payments decide on refunds in cases of overpaid taxes under the Law on Tax Administration 2019.
- The General Director of the General Department of Customs, the Directors of Provincial/Municipal Customs Departments, the Heads of Customs Sub-Departments where the tax refundable amount arises decide on tax refunds in accordance with tax laws.
Respectfully!
