Only one week remains until workers across the country celebrate the Lunar New Year of the Rat 2020. After these comfortable Tet holidays, employees will have to return to their work. To help our valued customers have a favorable start to the year 2020, Thu Ky Luat would like to send our esteemed customers the important tasks that Accounting and Human Resources need to complete right after the Tet holiday.
Article table of contents
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1. Declaration and payment of the business license tax
According to current regulations, the deadline for paying the business license tax fee for organizations engaged in the production and business of goods and services is no later than January 30 every year. Thus, January 30, 2020, is the last day for enterprises to pay the business license tax fee.
In the case where a new taxpaying entity starts production and business activities or establishes a new production and business establishment, the deadline for paying the business license tax fee is no later than the last day of the deadline for submitting the business license tax return.
Legal Basis: Article 5 Decree 139/2016/ND-CP and Article 5 Circular 302/2016/TT-BTC.
Download the Business License Tax Declaration Form HERE.
2. Report on the use of self-printed deduction documents
Quarterly, organizations paying income using self-printed deduction documents on computers must report on the use of deduction documents to the tax authority where they registered to use self-printed deduction documents no later than the 30th of the first month of the following quarter.
Therefore, no later than January 30, 2020, enterprises must complete the report on the use of self-printed deduction documents on computers for the fourth quarter of 2019.
Legal Basis: Article 5 Circular 37/2010/TT-BTC.
3. Preliminary payment of corporate income tax for the fourth quarter of 2019
Based on business results, enterprises must preliminarily pay corporate income tax for the quarter no later than the 30th day of the following quarter.
Thus, no later than the 30th day of the first quarter of 2020, i.e., January 30, 2020, enterprises must preliminarily pay corporate income tax for the fourth quarter of 2019.
Legal Basis: Article 17 Circular 151/2014/TT-BTC supplements Article 12a after Article 12 Circular 156/2013/TT-BTC.
4. Deduction and payment of Social Insurance (SI), Health Insurance (HI), and Unemployment Insurance (UI) contributions for January 2020
Monthly, no later than the last day of the month, enterprises must deduct mandatory SI, HI, UI contributions from the monthly salary fund of employees participating in mandatory SI, HI, UI; simultaneously deduct from the monthly salary SI, HI, UI contributions of each employee as prescribed and transfer all at once into the collection account of the social insurance agency opened at the bank or State Treasury.
Thus, no later than January 31, 2020, enterprises must complete the deductions and payments of SI, HI, UI contributions for January 2020 for employees.
Legal Basis: Clause 1 Article 7, Article 16, and Clause 1 Article 19 Decision 595/QD-BHXH.
5. Payment of trade union fees for January 2020
Enterprises, whether they have established a trade union or not, must pay trade union fees once a month at the same time as mandatory social insurance payment for employees, at a rate of 2% of the salary fund used as the basis for social insurance contributions for employees.
Thus, January 31, 2020, is also the deadline to pay this fee at the accounting department of the district or town labor federation where the enterprise is registered to do business.
Legal Basis: Clause 2 Article 6 Decree 191/2013/ND-CP.
6. Report on labor fluctuations in January 2020 (if any)
By the 3rd of each month, enterprises must notify the employment service center where their workplace is located about the labor fluctuations in the unit (calculated according to the calendar month of the month preceding the reporting period).
Thus, before February 3, 2020, enterprises must complete the report on labor fluctuations for January 2020.
Legal Basis: Clause 2 Article 16 Circular 28/2015/TT-BLDTBXH.
Download Labor Fluctuation Report Form No. 29 HERE.
7. Report on the use of invoices for January 2020
Enterprises with high tax risks or using self-printed or ordered invoices with violations related to invoices subject to administrative penalties for tax evasion or fraud must report on invoice usage to the directly managing tax authority no later than February 20, 2020.
Legal Basis: Article 27 Circular 39/2014/TT-BTC, Clause 4 Article 5 Circular 119/2014/TT-BTC, and Section 10 Official Dispatch 1839/TCT-CS.
Download the Invoice Usage Report Form HERE.
8. Submission of the value-added tax (VAT) return for January 2020
Enterprises with total sales revenue from goods and service provision of the preceding year exceeding 50 billion VND must submit the VAT return on a monthly basis, no later than the 20th of the following month. Thus, no later than February 20, 2020, these enterprises must complete the VAT return submission for January 2020.
Legal Basis: Point a Clause 2 Article 11 and Point a Clause 3 Article 10 Circular 156/2013/TT-BTC.
Download the VAT Return Form HERE.
9. Submission of the personal income tax (PIT) return for January 2020
In the month, if enterprises deduct personal income tax, they must submit the PIT return to the tax authority directly managing the enterprise no later than the 20th of the following month. Therefore, no later than February 20, 2020, enterprises must complete the PIT return submission for January 2020.
This regulation applies to enterprises applying the monthly tax return method; if there is no PIT deduction in the month, there is no need to submit the return for that month.
Legal Basis: Clause 3 Article 10 Circular 156/2013/TT-BTC.
Download Various PIT Return Forms HERE.
10. Deduction and payment of SI, HI, UI, and trade union fees for February 2020
No later than February 29, 2020, enterprises must deduct mandatory SI, HI, UI contributions from the salary fund for February 2020 of employees participating in mandatory SI, HI, UI; simultaneously deduct from the February 2020 salary SI, HI, UI contributions of each employee as prescribed and transfer all at once into the collection account of the social insurance agency opened at the bank or State Treasury.
February 29, 2020, is also the deadline to pay the trade union fee for employees at the accounting department of the district labor federation where the enterprise is registered to do business. The payment rate is 2% of the salary fund used as the basis for social insurance contributions for employees.
Nguyen Trinh
