08 Important Tasks that Accounting and Human Resources Must Complete in July 2019

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1. Report on the Use of Self-Printed Withholding Certificates

According to current regulations, quarterly, organizations paying income using self-printed withholding certificates on computers must report the usage of withholding certificates to the tax authority where the usage of self-printed withholding certificates is registered, no later than the 30th of the first month of the following quarter.

Therefore, no later than July 30, 2019, businesses must complete the reporting on the usage of self-printed withholding certificates on computers for the second quarter of 2019.

Legal Basis: Article 5 Circular 37/2010/TT-BTC.

2. Advance Corporate Income Tax Payment for Q2/2019

According to Article 17 Circular 151/2014/TT-BTC, adding Article 12a after Article 12 Circular 156/2013/TT-BTC, based on production and business results, enterprises must temporarily pay corporate income tax for the quarter no later than the 30th of the first month of the next quarter following the period in which the tax obligation arises.

Thus, no later than July 30, 2019, businesses must temporarily pay the corporate income tax for Q2/2019.

3. Report on Labor Fluctuations for June 2019 (if any)

Form No. 29 on Notification of Labor Fluctuations

This is stipulated in Clause 2 Article 16, Circular 28/2015/TT-BLDTBXH.

Before the 3rd of every month, businesses must notify the Employment Service Center where their working headquarters are located about the labor fluctuations at the unit (according to the Gregorian calendar month immediately preceding the reporting time).

Therefore, before July 3, 2019, businesses must complete the report on labor fluctuations for June 2019.

4. Report on Invoice Usage for June 2019

Form for Invoice Usage Report

According to Article 27 Circular 39/2014/TT-BTC, Clause 4 Article 5 Circular 119/2014/TT-BTC and Section 10 Official Dispatch 1839/TCT-CS, businesses with high tax risk or using self-printed or ordered invoices with violations related to invoices and subject to administrative penalties for tax evasion or fraud must report their invoice usage to the directly managing tax authority no later than July 20, 2019.

5. Submit Value-Added Tax Declaration for June 2019

Value-Added Tax Declaration

According to current regulations, businesses with a total revenue from sales of goods and services of the preceding year exceeding 50 billion dong must submit the value-added tax declaration on a monthly basis, no later than the 20th of the following month. Therefore, no later than July 20, 2019, these businesses must complete the submission of the value-added tax declaration for June 2019.

Legal Basis: Point a Clause 2 Article 11 and Point a Clause 3 Article 10 Circular 156/2013/TT-BTC.

6. Submit Personal Income Tax Declarations for June 2019

Personal Income Tax Declarations for Each Case

According to Clause 3 Article 10 Circular 156/2013/TT-BTC, in any month in which businesses withhold personal income tax, they must submit the personal income tax declaration dossier to the directly managing tax authority no later than the 20th of the following month. Therefore, no later than July 20, 2019, businesses must complete the submission of personal income tax declarations for June 2019.

This regulation applies to businesses that declare taxes on a monthly basis. If no personal income tax is withheld in a month, businesses do not need to submit a declaration for that month.

7. Contribute to Social Insurance, Health Insurance, Unemployment Insurance Fund for July 2019

Monthly, no later than the last day of the month, businesses must deduct the compulsory social insurance, health insurance, and unemployment insurance from the monthly salary fund of employees participating in compulsory social insurance, health insurance, and unemployment insurance. Additionally, businesses must deduct from employees' monthly salaries the compulsory social insurance, health insurance, and unemployment insurance as per the regulated rates, transferring them concurrently to the designated account of the social insurance agency at the bank or State Treasury.

Therefore, no later than July 31, 2019, businesses must complete the contribution to social insurance, health insurance, and unemployment insurance for July 2019 for their employees.

Legal Basis: Clause 1 Article 7, Article 16, and Clause 1 Article 19 Decision 595/QD-BHXH.

See detailed social insurance contribution rates for employees HERE.

8. Submit Trade Union Fees Along With Social Insurance Contributions

According to current regulations, businesses, irrespective of whether or not they have a trade union organization, must submit trade union fees once a month at the same time as the compulsory social insurance contributions for employees, at a rate of 2% of the salary fund used as the basis for social insurance contributions for employees.

Therefore, July 31, 2019 is also the deadline for submitting this fee at the accounting department of the district labor federation where the business is registered.

Legal Basis: Clause 2 Article 6 Decree 191/2013/ND-CP.

- Nguyen Trinh -

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