DEADLINE FOR SUBMISSION OF TAX RETURNS

Pursuant to Article 44 of the Law on Tax Administration 2019, the deadline for tax return submission is regulated as below:

No. Period The deadline for submission of tax returns
1 The deadline for submission of monthly/quarterly tax return No later than the 20th of the following month for those who apply the monthly declaration and payment
No later than the 30th of the following quarter for those who apply the quarterly declaration and payment
2 The deadline for submission of annual tax return No later than the last day of the 3rd month from the end of the calendar year or fiscal year, for annual tax finalization dossiers;
No later than the last day of the first month of the calendar year or fiscal year, for annual tax declaration dossiers.
No later than the last day of the 4th month from the end of the calendar year, for personal income tax finalization dossiers regarding the case of self-finalization with Tax Authority
No later than the December 15th of the preceding year, for business households or individuals who apply flat tax rate; In case of new business households or individuals, the deadline for submitting tax dossiers is within 10 days from the commencing date of businesses.
3 The deadline for submission of tax declaration per case is no later than the 10th day from the date of arising tax obligation.
4 In case of submission of dossiers for termination of business operation, contract termination or reorganization, the deadline return is no later than the 45th day from the date of the event execution.
5 The deadline for submission of tax declaration dossiers for agricultural land use tax; non-agricultural land use tax; land use fees; land rent, water surface rent; charges for granting mineral mining rights; fee for granting the right to exploit water resources; registration fee; license fees; payment to the state budget in
accordance with the law on management and use of public assets; Inter-country profit reports are detailed in Article 10 of Decree 126/2020 / ND-CP.
6 The deadline for submission of tax declaration dossiers for imported and exported goods is in accordance with the Law on Customs 2014.

In accordance with the Decree 125, in case that the Company fails to meet the set deadline for submission of tax returns under Law on Tax Administration 2019, the Company shall be subject to tax recollection and tax penalty as well. The amount of fines depends on the number of days you are late to submit the declaration and/or payment, ranging between VND 2,000,000 and VND 25,000,000.

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Smart Solutions For Business Company Limited (‘S4B’), a company established in 2007 specializing in providing professional accounting and tax compliance services to foreign invested companies in Vietnam, are pleased to assist customers to review their accounting records, prepare annual financial statements as well as conduct corporate income management with the aim of paying tax properly and sufficiently for tax administration agencies. The brief introduction of the services is attached herewith for your information.

In case you would like to have more details about our scope of work or need any supports/assistance from us, please do not hesitate to contact us directly at service@s4b.com.vn or +84 24 3974 4181.

Thank you and Best Regards,