What is the guidance on tax declaration of household businesses and individual businesses under periodic declarations in Vietnam? - Manh Ninh (Binh Thuan)
Article table of contents
Tax declaration dossier for household businesses and individual businesses under periodic declarations in Vietnam
The tax declaration dossier shall contain the documents specified in Point 8.2 of Appendix I of the Decree 126/2020/ND-CP , to be specific:
- The tax form No. 01/CNKD enclosed with Circular 40/2021/TT-BTC;
- The declaration form No. 01-2/BK-HDKD enclosed with Circular 40/2021/TT-BTC (for household businesses and individual businesses paying tax under declarations).
Form No. 01-2/BK-HDKD enclosed with Circular 40/2021/TT-BTC is not required if the household business or individual business is able to determine revenue as confirmed by a competent authority.
Guidance on tax declaration of household businesses and individual businesses under periodic declarations in Vietnam (Internet image)
Receiving authorities of tax declaration of household businesses and individual businesses under periodic declarations in Vietnam
Household businesses and individual businesses paying tax under periodic declarations as prescribed in Clause 1 Article 45 of the Law on Tax Administration shall submit tax declaration dossiers to their supervisory sub-department of taxation.
Deadlines for submission of tax declaration dossiers of household businesses and individual businesses under periodic declarations in Vietnam
Household businesses and individual businesses paying tax under periodic declarations shall submit tax declaration dossiers by the deadlines specified in Clause 1 Article 44 of the Law on Tax Administration. To be specific:
- Household businesses and individual businesses paying tax under monthly periodic declarations shall submit their tax declaration dossiers by the 20th of the month succeeding the month in which tax is incurred.
- Household businesses and individual businesses paying tax under quarterly periodic declarations shall submit their tax declaration dossiers by the last day of the first month of the quarter succeeding the quarter in which tax is incurred.
Tax payment deadlines for household businesses and individual businesses under periodic declarations in Vietnam
Household businesses and individual businesses paying tax under periodic declarations shall pay tax by the deadline specified in Clause 1 Article 55 of the Law on Tax Administration:
- It is the deadline for submission of the tax declaration dossier.
In case the tax declaration dossier has to be supplemented, tax shall be paid by the deadline for submission of the tax declaration dossier of the erroneous tax period.
Tax declaration in case of business suspension for household businesses and individual businesses under periodic declarations in Vietnam
The household business or individual business that suspends their business operation shall notify the tax authority as prescribed in Article 91 of the Decree 01/2021/ND-CP, Article 4 of Decree 126/2020/ND-CP, Article 12 of Circular 105/2020/TT-BTC and is not required to submit the tax declaration dossier, unless tax is declared monthly and the suspension lasts less than a month, or tax is declared quarterly and the suspension lasts less than a quarter.
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