Secretary Luat respectfully sends to our Valued Customers and Members the important legal tasks that Accounting and Human Resources must complete before March 31, 2020 to ensure work progress and avoid penalties. The specific content is detailed in the article below.
Article table of contents
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1. Report on labor fluctuation in February 2020 (if any)
According to Clause 2, Article 16, Circular 28/2015/TT-BLDTBXH, before the 3rd of each month, enterprises must notify the Employment Service Center where their office is located about the labor fluctuation situation at the unit if any (calculated according to the Gregorian calendar of the month immediately preceding the reporting time).
Thus, before March 03, 2020, enterprises must complete the report on labor fluctuation of February 2020.
Download Form No. 29 for Notification on Labor Fluctuation HERE.
2. Report on invoice usage in February 2020
According to Article 27 of Circular 39/2014/TT-BTC, Clause 4, Article 5 of Circular 119/2014/TT-BTC, and Section 10 of Official Dispatch 1839/TCT-CS, enterprises with high tax risk or those using self-printed or pre-ordered invoices with invoice violations penalized for tax evasion or fraud must report the invoice usage situation to the directly managing tax authority no later than March 20, 2020.
Note: Reporting invoice usage monthly is to be conducted for 12 months from the establishment date or the date when it shifts to buy invoices from the tax authority. After this period, the tax authority will check the reporting status and tax declaration and payment to inform the enterprise to switch to quarterly reporting. If there is no notification from the tax authority, the enterprise continues with monthly reporting.
Download the form for the Invoice Usage Report HERE.
3. Submit VAT return for February 2020
According to Point a, Clause 2, Article 11, and Point a, Clause 3, Article 10 of Circular 156/2013/TT-BTC, enterprises with total preceding year's sales revenue exceeding VND 50 billion must submit the monthly VAT return no later than the 20th of the following month. No later than March 20, 2020, these enterprises must complete the VAT return for February 2020.
Download the VAT return form HERE.
4. Submit the PIT (Personal Income Tax) return for enterprises declaring monthly
According to Clause 3, Article 10 of Circular 156/2013/TT-BTC, in February, if an enterprise has PIT withholding, it must submit the PIT return to the tax authority directly managing the enterprise, no later than March 20, 2020.
This regulation applies to enterprises declaring tax monthly. If an enterprise does not incur PIT withholding in the month, it does not have to submit that month's return.
Download PIT return forms for different cases HERE.
5. Submit corporate income tax (CIT) finalization return for 2019 no later than March 30, 2020
According to Point d, Clause 3, Article 10 and Clause 4, Article 8 of Circular 156/2013/TT-BTC, the deadline for the annual CIT finalization return is the 90th day from the end of the calendar or fiscal year. If the last day of the deadline coincides with a holiday, the deadline is the next working day.
Thus, the final deadline for the 2019 CIT finalization is March 30, 2020 (since February 2020 has 29 days).
6. Contribute social insurance (SI), health insurance (HI), and unemployment insurance (UI) for March 2020
According to Clause 1, Article 7, Article 16, and Clause 1, Article 19 of Decision 595/QD-BHXH, the latest contribution deadline for SI, HI, and UI for March 2020 is the last day of March (i.e., March 31, 2020). Enterprises must deduct from the laborers' monthly salary to contribute to SI, HI, and UI and transfer them concurrently to the social insurance authority's dedicated account at a bank or State Treasury.
7. Pay union fees along with SI contributions
According to Clause 2, Article 6, Decree 191/2013/ND-CP, enterprises, regardless of whether they have established a trade union, must pay 2% of the salary fund used as the basis for SI contributions to the trade union fund.
Thus, March 31, 2020 is also the deadline for this payment at the accounting department of the district or city trade union where the enterprise is registered for business.
Nguyen Trinh
