Vietnam: 06 taxes and other amounts shall be declared annually from December 05

10:46, 24/10/2020

On October 19, 2020, the Government of Vietnam issued the Decree No. 126/2020/NĐ-CP on elaboration of the Law on Tax Administration.

thuế, khoản thu khác thuộc NSNN khai theo năm, Nghị định 126/2020/NĐ-CP

According to Clause 3 Article 8 of the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, there are 06 taxes and other amounts that shall be declared annually, including:

1. Licensing fees.

2. Personal income tax on individuals working as lottery, insurance, multi-level marketing agents that remains after deduction and has to be paid at the end of the year.

3. Presumptive taxes and other amounts payable by household businesses and individual businesses; lessors that decide to declare tax annually

4. Non-agricultural land use tax.

In case a taxpayer has the land use right (LUR) of more than one land plots in the same district or different districts in the same province, annually declare tax on each land plot and on the entire area of homestead land. The taxpayer is not required to declare tax on the entire area of homestead land in the following cases:

- The taxpayer has the LUR of one or some land plots in the same district with the total area not exceeding the limit on homestead land area in that district.

- The taxpayer has the LUR of more than land plots in different districts, none of which exceed the limit and the total area of levied land does not exceed the limit on homestead land area in that district.

5. Agriculture land levy.

6. Annually paid land rents and water surface rents.

View more details at the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, effective from December 05, 2020.

Ty Na

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