What is the deadline for submission of monthly kết quả bóng đá trực tiếp in Vietnam?

What is the deadline for submission of monthly kết quả bóng đá trực tiếp in Vietnam?

According to Clause 1, Article 44 of theLaw on Tax Administration 2019, the deadline for submitting kết quả bóng đá trực tiếp is regulated as follows:

Deadline for submitting kết quả bóng đá trực tiếp

1. The deadline for submitting kết quả bóng đá trực tiếp for monthly or quarterly declaration taxes is stipulated as follows:

a) No later than the 20th day of the following month for taxes declared and paid monthly;

b) No later than the last day of the first month of the following quarter for taxes declared and paid quarterly.

2. The deadline for submitting kết quả bóng đá trực tiếp for taxes calculated annually is regulated as follows:

a) No later than the last day of the third month from the end of the calendar year or fiscal year for annual tax finalization returns; no later than the last day of the first month of the calendar year or fiscal year for annual kết quả bóng đá trực tiếp;

b) No later than the last day of the fourth month from the end of the calendar year for individual income tax finalization returns for individuals who directly finalize tax;

c) No later than December 15 of the prior year for presumptive kết quả bóng đá trực tiếp of business households and business individuals paying tax by the estimated method; for new business households or business individuals, the deadline for submitting presumptive kết quả bóng đá trực tiếp is no later than 10 days from the starting date of business.

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Thus, the latest day to submit monthly kết quả bóng đá trực tiếp is the 20th day of the following month.

What is the deadline for submission of monthly kết quả bóng đá trực tiếp in Vietnam?(Image from the Internet)

What is the fine for late submission of kết quả bóng đá trực tiếp in Vietnam?

According to Article 13 ofDecree 125/2020/ND-CPstipulating penalties for violations of tax return submission deadlines:

[1]A warning will be issued for late submission of kết quả bóng đá trực tiếp from 1 to 5 days with mitigating circumstances.

[2]A fine ranging from VND 2,000,000 to VND 5,000,000 will be imposed for late submission of kết quả bóng đá trực tiếp from 1 to 30 days, except as specified in Clause 1, Article 13 ofDecree 125/2020/ND-CP.

[3]A fine ranging from VND 5,000,000 to VND 8,000,000 will be imposed for late submission of kết quả bóng đá trực tiếp from 31 to 60 days.

[4]A fine ranging from VND 8,000,000 to VND 15,000,000 will be imposed for one of the following:

- Late submission of kết quả bóng đá trực tiếp from 61 to 90 days.

- Late submission of kết quả bóng đá trực tiếp over 91 days but without tax payable.

- Failure to submit kết quả bóng đá trực tiếp but without tax payable.

- Failure to submit appendices according to tax management regulations for businesses with linked transactions accompanying corporate income tax finalization returns.

[5]A fine ranging from VND 15,000,000 to VND 25,000,000 will be imposed for late submission of kết quả bóng đá trực tiếp over 90 days from the due date, with tax payable, and the taxpayer has paid the full amount of tax and late payment to the state budget before the tax authority issues a tax inspection decision or before the tax authority records the late submission as specified in Clause 11, Article 143 of theLaw on Tax Administration 2019.

[6]Remedial measures:

- Must pay the full amount of late payment to the state budget for the violations specified in Clauses 1, 2, 3, 4, and 5 of this Article where the taxpayer's late submission of kết quả bóng đá trực tiếp leads to late payment of tax.

- Must submit kết quả bóng đá trực tiếp, appendices accompanying kết quả bóng đá trực tiếp for violations specified at points c and d, Clause 4, Article 13 ofDecree 125/2020/ND-CP.

Note:The above fine levels apply to organizations. The fine levels for individuals are 1/2 of those for organizations.

Thus,based on the regulations above, the penalty will depend on the number of days the tax return is late.

What are the 6 cases where kết quả bóng đá trực tiếp are not required in Vietnam?

Cases where taxpayers are not required to submit kết quả bóng đá trực tiếp as stipulated in Clause 3, Article 7 ofDecree 126/2020/ND-CPas amended by Decree 91/2022/ND-CP are as follows:

(1) Taxpayers only have activities or businesses under categories not subject to tax according to tax laws for each type of tax.

(2) Individuals with income exempt from tax according to personal income tax laws and as specified at point b, Clause 2, Article 79 of theLaw on Tax Administration 2019, except individuals receiving inheritance, gifts of real estate; or transferring real estate.

At point b, Clause 2, Article 79 of theLaw on Tax Administration 2019stipulates tax exemption for cases where:

Individuals have an annual tax payable after finalization from wages and salaries of 50,000 VND or less.

(3) Export processing enterprises with only export activities are not required to submit value-added kết quả bóng đá trực tiếp.

(4) Taxpayers temporarily ceasing operations or business as stipulated in Article 4 ofDecree 126/2020/ND-CP.

(5) Taxpayers submitting dossiers for termination of tax code validity, except for cessation of operations, termination of contracts, or reorganization of enterprises as stipulated in Clause 4, Article 44 of theLaw on Tax Administration 2019.

In Clause 4, Article 44 of theLaw on Tax Administration 2019:

The deadline for submitting kết quả bóng đá trực tiếp for cessation of operations, termination of contracts, or reorganization of enterprises is no later than 45 days from the date of the event.

(6) Personal income tax declarants who are organizations or individuals paying income and are subject to monthly or quarterly personal income kết quả bóng đá trực tiếp where no tax withholding occurs in that month or quarter.