This is one of the notable new contents in the Tax Administration Law 2019, which was passed on June 13, 2019, during the 7th session of the 14th National Assembly.
Article table of contents
From July 01, 2020, the deadline for personal income tax finalization is extended by 01 month (Illustration image)
Compilation of consolidated documents on taxation - accounting in 2019
The deadline for filing tax returns for taxes with annual tax calculation periods is as follows:
"a) No later than the last day of the third month from the end of the calendar year or fiscal year for the annual tax finalization dossier; no later than the last day of the first month of the calendar year or fiscal year for the annual tax return dossier;
b) No later than the last day of the fourth month from the end of the calendar year for the personal income tax finalization dossier of individuals who directly finalize their taxes;
..."
Thus, from July 01, 2020, the deadline for personal income tax finalization for individuals who directly finalize their taxes will be extended (under current regulations, it is no later than the 90th day from the end of the calendar year or fiscal year).
In addition, for the tax return dossier of household businesses and individual businesses paying tax according to the presumptive method, the latest submission deadline is December 15 of the preceding year, in case of new household businesses, individual businesses, the deadline for filing the presumptive tax return dossier is no later than 10 days from the start of business.
See more details at: Tax Administration Law 2019 effective from July 01, 2020; except for the provisions on electronic invoices and documents which take effect from July 01, 2022.
Nguyen Trinh
