According to the guidance of the Tax Department of Ho Chi Minh City in Official Dispatch 2329/CTTPHCM-HKDCN dated March 22, 2022, the deadline for individuals to self-finalize PIT is May 4, 2022.
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The deadline for self-settlement of personal income tax in Ho Chi Minh City is May 4, 2022 (Illustration image)
Specifically, the Tax Department of Ho Chi Minh City instructs individuals to directly finalize taxes with the tax office as follows:
1. Who directly settles tax with the tax office?
Residents who earn incomes from salaries or wages from two or more places but do not meet the conditions for being authorized to finalize according to regulations, must directly declare PIT finalization with tax authorities if there is tax payable. pay more than 50,000 VND or have overpaid tax amount to be refunded or offset in the next tax period.
Resident individuals earning incomes from salaries and wages paid from abroad and individuals earning incomes from wages and salaries paid from international organizations, Embassies, and Consulates have not withheld tax in an individual must make a final settlement with the tax agency, if there is an additional tax payable or an overpaid tax amount, it is requested to be refunded or offset in the next tax period.
Foreigners who terminate their working contracts in Vietnam must make tax finalization declarations with tax authorities before leaving the country.
2. Direct personal income tax declaration and finalization documents
+ Tax finalization declaration form No. 02/QTT-TNCN, Appendix form No. 02-1/BK-QTT-TNCN if there is registration of family circumstance-based deduction for dependents issued together with Circular 80/2021/TT -BTC dated September 29, 2021 of the Ministry of Finance.
+ Copies of documents proving the amount of tax withheld (specify which income tax declaration has been paid), temporarily paid in the year, and tax paid abroad (if any).
+ Invoices and vouchers evidencing contributions to charity funds, humanitarian funds, study promotion funds (if any)
+ In case an individual receives income from international organizations, embassies, consulates and receives income from abroad, he/she must have documents proving the amount paid by the income paying unit or organization in Vietnam. foreign.
3. Where to submit PIT finalization documents
* At the Tax Sub-Department of residence:
+ Individuals have not yet calculated their family circumstances deductions in any income-paying organizations or individuals
+ Individuals who do not sign a labor contract, or sign a labor contract of less than 03 (three) months, or sign a contract to provide services with income at one place or many places have deducted 10%.
+ Individuals in the year who have incomes from salaries or wages at one place or many places but at the time of settlement do not work at any organizations or individuals that pay any income.
+ Individuals who change their workplace and at organizations or individuals pay their final income, excluding family circumstances deductions.
* At the Tax Office (Tax Department or Tax Department) directly managing the organization that pays income
+ Individuals who have calculated deductions for their family circumstances at any income-paying organization shall submit a tax finalization dossier at the tax agency directly managing such income-paying organization.
+ In case the individual changes his/her workplace and at the organization or individual paying the final income with deduction for family circumstances, the tax finalization dossier shall be submitted to the tax authority managing the organization or individual. pay final income
* Individuals earning salary or wages at two or more places , including the case where both income is directly declared and deducted by the paying organization:
+ Individuals submit tax finalization declaration dossiers at the tax authority where the biggest source of income in the year is.
+ In case the largest source of income cannot be determined in the year, the individual may choose the place to submit the finalization dossier at the tax agency directly managing the paying organization or the place where the individual resides.
4. Time limit for submission of personal income tax finalization documents
The deadline for submitting tax finalization dossiers is the last day of the fourth month from the end of the calendar year. In case the deadline for submitting tax finalization dossiers coincides with a prescribed holiday, the deadline for submitting tax finalization dossiers is the next working day. Thus, the deadline for submitting PIT finalization documents for individuals who directly finalize taxes with tax authorities is May 4, 2022.
In case an individual has a PIT refund but is late in submitting a tax finalization declaration as prescribed, no penalty will be applied for administrative violations in declaring tax finalization overtime.
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