Tax payment deadlines in Vietnam 2023

Tax payment deadlines in Vietnam 2023 (Internet image)

1. Tax payment deadlines in Vietnam 2023

In Article 55 of the Law on Tax Administration 2019, the tax payment deadlines is as follows:

-  In case tax is calculated by the taxpayer, the tax payment deadline is the deadline for submission of the tax declaration dossier.

In case of submission of supplementary tax documents, the tax payment deadline is the deadline for submission of the erroneous tax declaration dossier.

The deadline for paying corporate income tax, which is paid quarterly, is the 30th of the first month of the next quarter.

The deadline for paying resource royalty and corporate income tax on crude oil is 35 days from the date of selling domestically or the date of customs clearance in case of export.

Resource royalty and corporate income tax on natural gas shall be paid monthly.

- In case tax is calculated by the tax authority, the tax payment deadline shall be specified in the tax authority’s notice.

- The deadlines for paying other amounts payable to state budget from land, grant of the right to water resource extraction or mineral extraction, registration fees and licensing fees shall be specified by the Government.

- For taxable exports and imports, deadlines for tax payment are specified in the Law on Export and import duties. In case tax is incurred after customs clearance or conditional customs clearance:

+ The deadline for submission of supplementary documents and fulfillment of the imposed tax liability is the same as that on the initial customs declaration;

+ The Minister of Finance shall specify deadlines for paying tax on goods that need to under analysis to determine tax payable, goods without official prices when the customs declaration is registered;

Goods for which the payment; goods for which payments and added amounts to the customs value are unknown when the customs declaration is registered.

2. Tax payment location in Vietnam 2023

In Clause 1, Article 56 of the Law on Tax Administration 2019, taxpayers shall pay tax:

- At State Treasuries;

- At the tax authorities that receive the tax declaration dossiers;

- Via a organization authorized by the tax authority to collect tax; or

- Via a commercial bank or credit institution or service provider as prescribed by law.

3. Receiving authorities of tax payment in Vietnam 2023

Clause 2, Article 56 of the Law on Tax Administration 2019 stipulates the receiving authorities of tax payment in 2023 as follows:

- State Treasuries, commercial banks, credit institutions and service providers shall prepare their premises, equipment and personnel to collect tax.

- Every organization that collects or deduct tax shall provide tax payment documents to taxpayers.

- Within 08 working hours from the tax collection, the collecting organization shall transfer the collected tax to state budget.

The Minister of Finance shall specify the time limit for transfer of tax collected in cash in remote and isolated areas, islands, areas where travel is difficult or collection time is limited.

Vo Ngoc Nhi

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