Accounting and Human Resources Must Do These Tasks Immediately in August 2019

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1. Report on Labor Fluctuations in July 2019 (if any)

Form No. 29 on Notification of Labor Fluctuations

According to Clause 2 Article 16 of Circular 28/2015/TT-BLDTBXH, before the 3rd of each month, enterprises must notify the Employment Service Center where they have their headquarters about the labor fluctuations at their unit if any (according to the calendar month of the previous month).

Thus, before August 3, 2019, enterprises must complete the report on labor fluctuations for July 2019.

2. Report on the Use of Invoices in July 2019

Form of Report on the Use of Invoices

According to current legal regulations, enterprises with high tax risk or those using self-printed or ordered invoices that have violated regulations and been subject to administrative penalties for acts of tax evasion or fraud must report the use of invoices for July 2019 to the directly managing tax authority no later than August 20, 2019.

Legal Basis: Article 27 of Circular 39/2014/TT-BTC, Clause 4 Article 5 of Circular 119/2014/TT-BTC, and Section 10 of Official Dispatch 1839/TCT-CS.

3. Submission of Personal Income Tax Return for July 2019

Personal Income Tax Return Forms for Each Case

According to current regulations, in July, if the enterprise has deducted personal income tax, it must submit the PIT return to the tax authority directly managing the enterprise no later than August 20, 2019.

This regulation applies to enterprises filing returns on a monthly basis. If the enterprise does not incur personal income tax deduction within the month, it is not required to submit the return for that month.

Depending on the type of income (salary, wages, investment capital transfer income), the return filings will differ.

Legal Basis: Clause 3 Article 10 of Circular 156/2013/TT-BTC.

4. Submission of Value Added Tax Return for July 2019

Value Added Tax Return

According to Point a Clause 2 Article 11 and Point a Clause 3 Article 10 of Circular 156/2013/TT-BTC, enterprises with total revenue from sales of goods and services in the previous adjacent year over 50 billion VND must submit the VAT return on a monthly basis, no later than the 20th of the following month.

Thus, no later than August 20, 2019, these enterprises must complete their VAT return submission for July 2019.

5. Payment of Social Insurance, Health Insurance, and Unemployment Insurance in August 2019

See the detailed social insurance contribution rates for employees HERE.

According to Clause 1 Article 7, Article 16, and Clause 1 Article 19 of Decision 595/QD-BHXH, no later than August 31, 2019, enterprises must deduct mandatory social insurance, health insurance, and unemployment insurance contributions for August 2019 from the wage fund of employees participating in mandatory social insurance, health insurance, and unemployment insurance; simultaneously, deduct from the monthly wages the social insurance, health insurance, and unemployment insurance contributions of each employee as prescribed, and transfer it to the specialized collection account of the social insurance agency at the bank or State Treasury.

6. Payment of Trade Union Fees on the Same Day as Social Insurance

According to Clause 2 Article 6 of Decree 191/2013/ND-CP, no later than August 31, 2019, enterprises, regardless of whether they have established a trade union, must pay the trade union fee for August 2019 for the employees at a rate of 2% of the wage fund used as the basis for social insurance contributions for employees.

Nguyen Trinh

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