Instructions on Filling out the Form of tax declaration of leasing out property in Vietnam

Latest Form of tax declaration of leasing out property in Vietnam and Instructions on filling it out(Illustrative Image)

Image of a Part of the Form of tax declaration of leasing out property in Vietnam

Instructions on Filling out the Form of tax declaration of leasing out property in Vietnam

- Item 01: Choose the declaration period by year, payment period, or quarter, the taxpayer notes the corresponding declaration period

- Item 02, 03: Type of declaration: Initial or Amendment time...

If it is the initial declaration of the period, select Initial Declaration; if there is already a declaration for that period, select Amendment time....

- Items 04, 05, 06, 07, 10, 11, 12: Record the information of the taxpayer who has the rental property

- Items 13, 14, 15: Record the information of the tax agent (if any)

- Items 16, 17, 18, 19, 22: Record the information of the entity declaring and paying tax on behalf (if any)

- Item [23] Total revenue generated during the period: is the total amount the individual receives for leasing the property during the tax period.

+ In case the tax period is by year, item [23] is the total amount the individual receives for leasing the property during that calendar year.

+ In case the tax period is by payment period, item [23] is the total amount the individual receives for leasing the property during that payment period of the contracts.

+ In case the taxpayer uses tax declaration support applications, item [23] is automatically determined from PL 01-1/BK-TTS attached to Circular 40/2021/TT-BTC.

In Appendix 01-1/BK-TTS, revenue generated in a payment period is determined = [19] x ([18] - [17] + 1).

In case the taxpayer declares multiple contracts on one declaration, item [23] is the total revenue generated during the tax period of the contracts.

- Item [24] Total taxable revenue: Is the total taxable revenue during the period provided that the rental property revenue in the corresponding calendar year exceeds 100 million VND.

+ For tax declaration by payment period:

Item [24] on TK 01/TTS = item [21] on PL 01/BK-TTS of the corresponding tax period.

+ For tax declaration by year:

Item [24] on TK 01/TTS = item [20] on PL 01/BK-TTS of the corresponding tax period.

- Item [25] Total VAT payable: [25] = [24] x 5%

- Item [26] Total personal income tax (PIT) generated during the period: [26] = [24] x 5%

- Item [27] Penalty, compensation received by the lessor according to the contract agreement (if any): is the amount paid by the lessee to the lessor due to contract violation as agreed in the contract.

- Item [28] Total personal income tax payable from compensation, contract violation penalty received (if any): [28] = [27] x 5%.

- Item [29] Total personal income tax payable: [29]=[26]+[28]

Bao Ngoc

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE