To facilitate our Valued Customers and Members in monitoring and completing tasks on schedule, Lawnet kindly compiles the 08 important legal tasks that accountants and HR need to perform immediately in April 2021 in the article below.
Article table of contents
ALL FORMS USED IN THE TAX FIELD
1. Report on labor fluctuations in March 2021
According to the regulations, before the 3rd day of each month, enterprises must notify the Employment Service Center where their head office is located about labor fluctuations within the unit (based on the Gregorian calendar of the month immediately preceding the notification).
Thus, before April 3, 2021, enterprises must complete the report on labor fluctuations for March 2021.
Based on: Clause 2, Article 16, Circular 28/2015/TT-BLDTBXH.
2. Report on the use of invoices in March 2021
According to current regulations, by April 20, 2021, enterprises must complete the report on the use of invoices for March 2021 with the direct tax management department (even if no invoices were used during the period).
This monthly invoice usage report applies to the following subjects:
- Enterprises using self-printed or pre-ordered invoices that have violated regulations and are not allowed to use self-printed or pre-ordered invoices.
- Enterprises at high tax risk that are required to purchase invoices from tax authorities.
Based on: Article 27 Circular 39/2014/TT-BTC and Clause 4, Article 5 Circular 119/2014/TT-BTC and Section 10 Official Dispatch 1839/TCT-CS.
3. Submit PIT declaration for March 2021
If the enterprise has personal income tax deductions during the month, it must submit the PIT tax declaration dossiers to the tax authority directly managing the enterprise by the 20th of the following month. Hence, by April 20, 2021, the enterprise must complete the submission of PIT tax declaration dossiers for March 2021.
This regulation applies to enterprises that declare taxes on a monthly basis; if no PIT deductions arise during the month, the enterprise in Vietnam does not need to submit a declaration for that month.
Based on: Clause 3, Article 10 Circular 156/2013/TT-BTC.
4. Submit VAT declaration for March 2021
According to regulations, enterprises with total annual sales of goods and services exceeding 50 billion VND must declare value-added tax monthly. The deadline for submitting monthly tax declaration dossiers is the 20th of the month following the tax obligation. Thus, by April 20, 2021, these enterprises must complete the submission of the VAT declaration dossiers for March 2021.
Based on: Article 15 Circular 151/2014/TT-BTC and Clause 3, Article 10 Circular 156/2013/TT-BTC.
5. Report on the use of self-printed withholding documents
Quarterly, organizations paying incomes using self-printed withholding documents on computers must report the situation of using withholding documents to the tax authority where the self-printed withholding document is registered by the 30th of the first month of the next quarter.
Thus, by April 30, 2021, enterprises in Vietnam must complete the report on the use of self-printed withholding documents for the first quarter of 2021.
Note: As the deadline coincides with holiday breaks and weekends, it will be extended to May 3, 2021.
Based on: Article 5 Circular 37/2010/TT-BTC.
6. Provisional payment of corporate income tax for the first quarter of 2021
According to current legal provisions in Vietnam, based on the production and business results, enterprises must make provisional payments of corporate income tax for the quarter by the 30th day of the quarter following the quarter in which the tax obligation arises.
Thus, for the first quarter of 2021, enterprises must make provisional payments of corporate income tax by April 30, 2021, or at the latest by May 3, 2021, due to the deadline coinciding with holiday breaks and weekends.
In detail:
- Enterprises required to prepare quarterly financial statements (such as state-owned enterprises, listed companies on stock exchanges, and other cases as prescribed by law) will base the provisional payment on the quarterly financial statements and tax laws.
- Enterprises not required to prepare quarterly financial statements will base the provisional payments on the corporate income tax for the previous year and the expected production and business results for the year.
Based on: Article 17 Circular 151/2014/TT-BTC adds Article 12a after Article 12 Circular 156/2013/TT-BTC.
7. Contribute to social, health, and unemployment insurance for April 2021
Monthly, enterprises must contribute to compulsory social insurance, health insurance, and unemployment insurance on the monthly salary fund of employees participating in compulsory social insurance, health insurance, and unemployment insurance. They must also deduct from the monthly salary to pay these insurances on behalf of employees as per the rates stipulated, and transfer the amount to the specialized collection account of the social insurance agency at the bank or state treasury before the last day of the month.
Thus, by April 30, 2021, enterprises must complete contributions to social, health, and unemployment insurance for April 2021 for employees. However, as April 30, 2021, is a holiday, the deadline is extended to May 3, 2021.
Based on: Clause 1, Article 7, Article 16, and Clause 1, Article 19 Decision 595/QD-BHXH.
8. Pay trade union fees
According to the regulations, enterprises must pay trade union fees monthly at the same time as paying compulsory social insurance for employees, with a rate of 2% of the salary fund used for social insurance contributions for employees. Thus, May 3, 2021, is also the deadline for paying this fee at the Accounting Department of the district or district-level Labor Union where the enterprise is registered.
Based on: Clause 2, Article 6 Decree 191/2013/ND-CP.
- Key word:
- Vietnam
