Which taxes shall be declared monthly in Vietnam? What documents are required for monthly tax declaration in Vietnam?
Which taxes shall be declared monthly in Vietnam?
Based on Article 8 Decree 126/2020/ND-CP stipulating the types of taxes declared monthly, quarterly, yearly, on each occurrence of tax obligation, and for tax finalization:
Article 8. Types of taxes declared monthly, quarterly, yearly, on each occurrence of tax obligation, and for tax finalization
1. Taxes and other revenues belonging to the state budget managed by the tax authority, declared monthly, include:
a) Value-added tax and personal income tax. In case the taxpayer meets the criteria stipulated in Article 9 of this Decree, they can choose to declare quarterly.
b) Special consumption tax.
c) Environmental protection tax.
d) Resource tax, except for resource tax stipulated in point e of this clause.
dd) Fees and charges belonging to the state budget (excluding fees and charges collected by the overseas representative agencies of the Socialist Republic of Vietnam complying with the regulations in Article 12 of this Decree; customs fees; fees for goods, luggage, transportation means in transit).
[...]
Thus, the types of taxes declared on a monthly basis include:
- Value-added tax and personal income tax
- Special consumption tax
- Environmental protection tax
- Resource tax
- For the activities of exploiting, selling natural gas:
+ Resource tax
+ Corporate income tax
+ Special tax of the Vietnam - Russia Joint Venture "Vietsovpetro" at Block 09.1 according to the Agreement between the Government of the Socialist Republic of Vietnam and the Government of the Russian Federation signed on December 27, 2010 on continuing cooperation in geological exploration and oil and gas extraction on the continental shelf of the Socialist Republic of Vietnam within the framework of the Vietnam - Russia Joint Venture "Vietsovpetro" (also known as the Vietnam - Russia Joint Venture at Block 09.1)
+ Host country’s gas revenue share.
Which taxes shall be declared monthly in Vietnam? What documents are required for monthly tax declaration in Vietnam? (Image from the Internet)
What documents are required for monthly tax declaration in Vietnam?
Based on Article 43 Tax Administration Law 2019 stipulating the tax declaration dossier:
Article 43. Tax declaration dossier
1. The tax declaration dossier for taxes declared and paid monthly is the monthly tax declaration form.
- The tax declaration dossier for taxes declared and paid quarterly is the quarterly tax declaration form.
- The tax declaration dossier for taxes with an annual tax period includes:
a) The annual tax declaration dossier includes the annual tax declaration form and other related documents for determining the payable tax amount;
b) The tax finalization declaration dossier for the year-end includes the annual tax finalization declaration form, the annual financial statement, the transfer pricing declaration form; other documents related to tax finalization.
- The tax declaration dossier for taxes declared and paid on each occurrence of a tax obligation includes:
a) The tax declaration form;
b) Invoice, contract, and other related documents concerning the tax obligation as stipulated by law.
- For exported and imported goods, the customs dossier as stipulated by the Customs Law is used as a tax declaration dossier.
[...]
Thus, the tax declaration dossier for taxes declared on a monthly basis is the monthly tax declaration form.
What is the deadline for submitting the tax declaration dossier for monthly-based taxes in Vietnam?
Based on Article 44 Tax Administration Law 2019 stipulating the deadline for submitting tax declaration dossiers:
Article 44. Deadline for submitting tax declaration dossiers
- The deadlines for submitting tax declaration dossiers for taxes declared monthly or quarterly are stipulated as follows:
a) No later than the 20th day of the following month for monthly declared and paid taxes;
b) No later than the last day of the first month of the following quarter for quarterly declared and paid taxes.
- The deadlines for submitting tax declaration dossiers for taxes with an annual tax period are stipulated as follows:
a) No later than the last day of the third month from the end of the calendar year or fiscal year for annual tax finalization declaration dossiers; no later than the last day of the first month of the calendar year or fiscal year for annual tax declaration dossiers;
[...]
Thus, the deadline for submitting the tax declaration dossier for monthly declared taxes is no later than the 20th day of the following month.
