Vietnam: Guidelines for declaring and paying tax incurred by property lessors

Kim Linh

09:25, 19/07/2015

The lessor shall declare VAT and/or PIT if the revenue from lease of property in the calendar year is over VND 100 million.

According to Circular No. 92/2015/TT-BTC of the Ministry of Finance of Vietnam, documents for declaration of tax on property lease by an individual include:

- The declaration form No. 01/TTS enclosed herewith;

- The appendix form No. 01-1/BK-TTS enclosed herewith (for the first tax declaration of the contract or contract appendix);

- A photocopy of the lease contract, contract appendix (for the first tax declaration of the contract or contract appendix);

- A photocopy of the letter of attorney (if the lessor authorizes a legal representative to declare and pay tax).

Tax declaration documents shall be submitted to the Sub-department of taxation of the district where the leased property is located. The deadline for submitting tax declaration documents is the 30th day of the quarter succeeding the quarter in which the lease term begins if the lessor declares tax by payment term.

View more details at Circular No. 92/2015/TT-BTC of the Ministry of Finance of Vietnam, effective from July 30, 2015.

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