Important Legal Tasks Businesses Need to Complete in July

1. Submitting Quarterly Tax Returns

The contents of the quarterly tax return file include:

- VAT tax return form;- Report on the use of invoices for the second quarter of 2018;- Personal income tax return form.

According to Point b, Clause 3, Article 10 of Circular 156/2013/TT-BTC regarding the deadline for submitting tax return files, for enterprises filing quarterly tax returns, the deadline for submission is the 30th day of the first month of the subsequent quarter in which the tax obligation arises. That is, the return for the second quarter of 2018 must be submitted no later than July 30, 2018.

>>>>>> Download the declaration forms and submit tax HERE.

2. Submitting Monthly Tax Returns

The deadline for submitting files for enterprises filing monthly tax returns is the 20th day of the subsequent month in which the tax obligation arises. That is, the return for June 2018 must be submitted no later than July 20, 2018.

The above content is based on Point a, Clause 3, Article 10 of Circular 156/2013/TT-BTC.

>>>>>> Download the declaration forms and submit tax HERE.

3. Temporary Payment of CIT on a Quarterly Basis for the Second Quarter of 2018

According to Article 17 of Circular 151/2014/TT-BTC, based on the production and business results, the taxpayer shall temporarily pay the CIT for the quarter no later than the 30th day of the subsequent quarter in which the tax obligation arises. Enterprises do not need to submit quarterly provisional CIT returns.

Thus, for the CIT of the second quarter of 2018, enterprises must temporarily pay no later than July 30, 2018.

4. Monthly Payment of Social Insurance, Health Insurance, and Unemployment Insurance for Employees

Clause 1, Article 7 of Decision 595/QD-BHXH specifies that no later than the last day of the month, the unit deducts compulsory social insurance payments from the employee's monthly salary, transfers the sum at once into the specialized collection account of the social insurance agency at a bank or the State Treasury.

The final deadline for compliance is July 31, 2018, by which enterprises must complete the social insurance payment for employees for July.

View detailed social insurance contribution rates for employees HERE.

5. Payment of Trade Union Fees

According to Article 5 and Clause 2, Article 6 of Decree 191/2013/ND-CP, at the same time as paying compulsory social insurance for employees, enterprises must also pay trade union fees.

Whether the enterprise has or has not established a trade union, it still must pay 2% of the salary fund used as the basis for social insurance payment as trade union fees.

The final deadline for the trade union fee payment also coincides with the deadline for compulsory social insurance payment, which is July 31, 2018.

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