12:56, 10/07/2024
To support our Customers and Members in understanding the tasks to be completed and ensuring timely execution, Lawnet would like to send to our Customers and Members a summary of the legal tasks that accountants and human resources personnel need to complete in May 2020 in Vietnam. Details can be found in the below table.
Article table of contents
ALL FORMS USED IN THE TAX FIELD IN VIETNAM
| No. | Task | Task Details | Deadline | Legal Basis |
|---|---|---|---|---|
| 1 | Report on labor fluctuations in April 2020 | Before the 3rd of each month, enterprises must notify the Employment Service Center where the workplace is located about labor fluctuations at the unit, if any (based on the Gregorian month of the month immediately preceding the reporting month) | Before May 3, 2020 | Clause 2 Article 16, Circular 28/2015/TT-BLDTBXH |
| 2 | Report on invoice usage in April 2020 | Monthly, enterprises are required to submit a Report on Invoice Usage to the directly managing tax authority (even if no invoices are used during the period) no later than the 20th of the following month | No later than May 20, 2020 | Article 27 Circular 39/2014/TT-BTC, Clause 4 Article 5 Circular 119/2014/TT-BTC and Section 10 Official Dispatch 1839/TCT-CS |
| 3 | Submission of VAT return for April 2020 | Enterprises with total revenue from goods and service sales of over 50 billion VND in the preceding year shall declare VAT on a monthly basis. The deadline for filing the monthly tax return is no later than the 20th of the month following the tax obligation arising month. | No later than May 20, 2020 | Article 15 Circular 151/2014/TT-BTC and Clause 3 Article 10 Circular 156/2013/TT-BTC |
| 4 | Submission of PIT return for April 2020 | If the enterprise deducts personal income tax in the month, it must submit the PIT return to the directly managing tax authority no later than the 20th of the following month. | No later than May 20, 2020 | Clause 3 Article 10 Circular 156/2013/TT-BTC |
| 5 | Payment of social insurance, health insurance, and unemployment insurance contributions for May 2020 | Monthly, no later than the last day of the month, enterprises must pay compulsory social insurance, health insurance, and unemployment insurance contributions based on the monthly salary fund of employees participating in compulsory social insurance, health insurance, and unemployment insurance; simultaneously deduct from each employee's monthly salary to pay compulsory social insurance, health insurance, and unemployment insurance, and transfer them in one payment to the specialized collection account of the social insurance agency at a bank or the State Treasury. | No later than May 31, 2020 | Clause 1 Article 7, Article 16, and Clause 1 Article 19 Decision 595/QD-BHXH |
| 6 | Payment of trade union fees for May 2020 | Monthly, enterprises must pay trade union fees once a month concurrently with the payment of compulsory social insurance for employees, at a rate of 2% of the wage fund used as the basis for paying Social Insurance for employees. | No later than May 31, 2020 | Clause 2 Article 6 Decree 191/2013/ND-CP |
Note, for enterprises currently facing difficulties due to Covid-19, the deadlines for the above tasks may change according to state policies. For details, see HERE.
Nguyen Trinh
- Key word:
- Vietnam
- tax
- enterprise
