Still Applying the Interest Rate of 0.05%/day for Late Tax Payments

00:24, 12/07/2024

According to Official Dispatch 10315/BTC-TCT guiding the implementation of the Law amending and supplementing a number of articles of the Law on Value-Added Tax, the Law on Special Consumption Tax, and the Law on Tax Management, the interest rate of 0.05%/day from the due date as prescribed by law until June 30, 2016, is still applicable when:

- Taxpayers who under-declare tax of the tax period arising before July 1, 2016, but after July 1, 2016, the competent state authority discovers or the taxpayer self-discloses.

Additionally, apply the rate of 0.03%/day on the under-declared tax amount from July 1, 2016 to the day the taxpayer pays into the state budget.

In the case of tax debt arising before July 1, 2016, but after July 1, 2016, it is still unpaid, then from July 1, 2016 onward, a late payment interest rate of 0.03%/day is applied.

For detailed content, see Official Dispatch 10315/BTC-TCT dated July 25, 2016.

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