Vietnam: Enterprises need to immediately do the following tasks in January 2019

1. Submit the new salary scale to the Department of Labor, War Invalids and Social Affairs (View details)

2. Notify the increase in compulsory social insurance contributions of employees (View details)

3. Notify the changes in employees and unemployment insurance participation

According to Clause 2 Article 16 and Point a Clause 2 Article 17 of Circular No. 28/2015/TT-BLĐTBXH of the Ministry of Labor, War Invalids and Social Affairs of Vietnam, enterprises must send reports on changes in employees and unemployment insurance participation according to the prescribed form attached to this Circular.

The submission deadline is before the 3rd of every month, i.e. before January 03, 2019.

4. Declare and pay licensing tax

According to Point b Clause 1 Article 5 of Circular No. 302/2016/TT-BTC of the Ministry of Finance of Vietnam, the deadline for paying licensing fees is January 30 every year.

Where the fee payers newly establish their business facilities but not yet come into operation, they have to make declaration of licensing fees within 30 days from the date of issue of certificate of business registration or certificate of investment registration and certificate of tax registration as prescribed in Clause 1 Article 5 of Decree No. 139/2016/NĐ-CP of Vietnam’s Government.

5. Pay provisional corporate income tax for the fourth quarter of 2018

Taxpayers shall temporarily pay the quarterly corporate income tax amount no later than the thirtieth day of the quarter following the quarter in which tax obligations arise, i.e. no later than January 30, 2019.

Enterprises are not required to submit quarterly provisional corporate income tax returns.

The above content is based on Article 17 of Circular No. 151/2014/TT-BTC of the Ministry of Finance of Vietnam supplementing Circular No. 156/2013/TT-BTC.

6. Declare and pay PIT and VAT

In case the company declares taxes monthly

No later than January 21, 2019 (because January 20, 2019 falls on a Sunday): Declare and pay PIT and VAT; report on invoice usage in the fourth quarter of 2018.

In case the company declares taxes quarterly

No later than January 30, 2019: Declare and pay PIT, VAT; report on invoice usage for the fourth quarter of 2019.

Duy Thinh

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