Year-end tax finalization in Vietnam is an issue of concern for many organizations and individuals. According to regulations, the deadline for submitting the tax finalization declaration is no later than the 90th day from the end of the calendar year. Thus, the deadline for submitting tax finalization documents is approaching quickly. The following are important notes to be aware of when carrying out tax finalization.
This is a noteworthy provision in Decree 114/2020/ND-CP detailing the implementation of Resolution 116/2020/QH14 of the National Assembly on the reduction of corporate income tax payable in 2020 for enterprises, cooperatives, public service providers, and other organizations in Vietnam.
On January 30, 2007, the Ministry of Finance of Vietnam issued Circular 08/2007/TT-BTC guiding financial policies and customs procedures applicable in the Nghi Son Economic Zone, Thanh Hoa Province.
This is notable content in Resolution 149/NQ-CP of the Government of Vietnam on the regular meeting of the Government of Vietnam in September 2020, issued on October 10, 2020.
The General Department of Taxation of Vietnam issued Decision 98/QD-TCT dated January 26, 2024, on the Procedures for Applying Risk Management in Selecting Value-Added Tax Returns, Corporate Income Tax Returns, and Special Consumption Tax Returns for Inspection at the Tax Authority’s Headquarters.
Hello to the editorial board, according to this regulation, enterprises that do not regularly generate real estate transfer shall declare CIT according to each time when real estate transfer activities arise. At the end of the tax year, the enterprise shall carry out CIT finalization procedures for all real estate transfer activities, which have temporarily paid CIT quarterly or each time it is incurred at the head office. I know that Circular 80/2021/TT-BTC has amended this regulation. So what is that modification?
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