Vietnam: Which taxes and other amounts shall be declared separately from December 05?

According to Article 8 of the Decree No. 126/2020/NĐ-CP of Vietnam’s Government, the following taxes and other amounts shall be declared separately:

- VAT payable by taxpayers or taxpayers that declare VAT directly on added value as prescribed by VAT laws and also incur VAT on real estate transfer.

- Excise tax incurred by exporters on goods that are sold domestically instead of being exported if excise tax is not paid during manufacture of such goods. Excise tax incurred by business establishments buying domestically manufactured motor vehicles, airplanes, yachts that were originally not subject to excise tax but then repurposed and become subject to excise tax.

- Tax on exports and imports, including: export duty, import duty, safeguard duty, anti-dumping tax, countervailing duty, excise tax, environment protection tax, VAT. The Ministry of Finance shall specify the cases in which separate declaration of tax on exports and imports is not required.

- Resource royalty payable by the organization assigned to sell confiscated resources; resource royalty on irregular resource extraction licensed by competent authorities or exempt from licensing as prescribed by law.

- Irregular VAT and corporate income tax incurred by taxpayers paying tax directly on value added and revenue as prescribed by VAT and corporate income tax laws. In case these taxes are incurred multiple times within a month, they may be declared monthly.

- Corporate income tax on real estate transfer incurred by taxpayers paying tax directly on revenue under corporate income tax laws.

- Personal income tax directly declared by the income earners or declared and paid by the income payers on behalf of the income earners on income from real estate transfer, capital transfer, capital investment, copyright, franchising, winning overseas prizes; inheritance, gifts.

- Taxes and amounts payable by property lessors, household businesses and individual businesses that do not have fixed business locations and regular business operations.

- Registration fees (including those previously exempted under registration fee laws).

- Environmental safety fees on irregular resource extraction licensed by competent authorities or exempt from licensing as prescribed by law.

- Land levy.

- Lump sum payment of 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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