LawNet would like to send to Customers and Members the schedule for submission of financial statements and tax reports in 2021 in accordance with Vietnam’s regulations, specifically as follows:
1. Deadline for submission of financial statements in 2021
According to Article 109 of the Circular No. 200/2014/TT-BTC of the Ministry of Finance of Vietnam on guidelines for accounting policies for enterprises, deadline for submission of financial statements is specified as follows:
For state-owned enterprises
* Deadline for submission of quarterly financial statements:
- Accounting unit must submit quarter financial statements at the latest 20 days from the end of the quarterly accounting period; It is at the latest 45 days for the parent companies, state-owned general companies;
- Accounting unit affiliated enterprises, state-owned general companies submit quarter financial statements to parent companies, general companies under the time limit set by parent companies, general companies.
* Deadline for submission of annual financial statements:
- Accounting unit must submit annual financial statements at the latest 30 days from the end of the annual accounting period; It is at the latest 90 days for the parent companies, state-owned general companies;
- Accounting unit affiliated state-owned general companies submit annual financial statements to parent companies, general companies under the time limit set by parent companies, general companies.
For other types of enterprises
- Accounting unit being private enterprises and partnership must submit annual financial statements at the latest 30 days from the end of annual accounting period; for other accounting units, the deadline for submission of annual financial statements is within 90 days;
- Subordinate accounting unit affiliated submit annual financial statements to superior accounting units within the time limit given by the superior accounting units.
Example: For enterprises whose annual accounting period will start from January 01, 2021 to December 31, 2021, the deadline for submitting specific financial statements is as follows:
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State-owned enterprises
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State-owned general companies
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Other types of enterprises
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Quarterly financial statements in 2021
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Quarter 1
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20/4/2021
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15/5/2021
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Recommended to prepare interim financial statements (optional)
(Point b Clause 2 Article 99 of the Circular No. 200/2014/TT-BTC)
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Quarter 2
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20/7/2021
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14/8/2021
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Quarter 3
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20/10/2021
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14/11/2021
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Quarter 4
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20/01/2022
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Annual financial statements in 2021
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30/01/2022
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31/3/2022
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- Private enterprises and partnership: 30/01/2022
- Other accounting unit: 31/3/2022
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2. Schedule for filing tax reports in 2021
According to the Law on Tax Administration 2019 of Vietnam, Decree No. 126/2020/NĐ-CP on elaboration of the Law on Tax Administration, Circular No. 39/2014/TT-BTC of the Ministry of Finance of Vietnam on instructions on sale invoices, Circular No. 156/2013/TT-BTC, deadline for submission of tax reports in 2021 is as follows:
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Month
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Submission content
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Deadline
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01
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- VAT declaration in December 2020
- Personal income tax declaration in December 2020 (if any)
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January 20, 2021
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Invoice use reports in December 2020
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Licensing fees in 2021
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January 30, 2021
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Invoice use reports in quarter IV/2020
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02
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- VAT declaration in quarter IV/2020
- Personal income tax declaration in quarter IV/2020
- Pay temporary CIT in quarter IV/2020
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February 01, 2021
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Invoice use reports in January 2021
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February 20, 2021
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- VAT declaration in January 2021
- Personal income tax declaration in January 2021
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3
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Invoice use reports in February 2021
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March 20, 2021
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- VAT declaration in February 2021
- Personal income tax declaration in February 2021
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- Corporate income tax finalization in 2020
- Corporate income tax finalization in 2020 (business settlement instead)
- Financial statements for 2020
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March 31, 2021
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4
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- VAT declaration in March 2021
- Personal income tax declaration in March 2021
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April 20, 2021
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Invoice use reports in March 2021
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5
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- VAT declaration in quarter I/2021
- Personal income tax declaration in quarter I/2021
- Pay temporary CIT in quarter I/2021
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May 03, 2021
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Personal income tax finalization in 2020 if individuals make their own settlement
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Invoice use reports in quarter I/2021
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- VAT declaration in April 2021
- Personal income tax declaration in April 2021
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May 20, 2021
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Invoice use reports in April 2021
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6
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Invoice use reports in May 2021
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June 20, 2021
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- VAT declaration in May 2021
- Personal income tax declaration in May 2021
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7
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- VAT declaration in June 2021
- Personal income tax declaration in June 2021
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July 20, 2021
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Invoice use reports in June 2021
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8
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- VAT declaration in quarter II/2021
- Personal income tax declaration in quarter II/2021
- Pay temporary CIT in quarter II/2021
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July 30, 2021
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Invoice use reports in quarter II/2021
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- VAT declaration in July 2021
- Personal income tax declaration in July 2021
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August 20, 2021
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Invoice use reports in July 2021
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9
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Invoice use reports in August 2021
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September 20, 2021
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- VAT declaration in August 2021
- Personal income tax declaration in August 2021
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10
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- VAT declaration in September 2021
- Personal income tax declaration in September 2021
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October 20, 2021
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Invoice use reports in September 2021
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11
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- VAT declaration in quarter III/2021
- Personal income tax declaration in quarter III/2021
- Pay temporary CIT in quarter III/2021
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October 30, 2021
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Invoice use reports in quarter III/2021
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Invoice use reports in October 2021
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November 20, 2021
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- VAT declaration in October 2021
- Personal income tax declaration in October 2021
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12
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Dossier of flat tax declaration in 2022
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December 15, 2021
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Invoice use reports in November 2021
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December 20, 2021
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- VAT declaration in November 2021
- Personal income tax declaration in November 2021
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