xem bóng đá trực tiếp trên youtubeWhen shall enterprises finalize PIT in Vietnam?
Whenshall enterprises finalize PIT in Vietnam?
Pursuant to Point d, Clause 6, Article 8 ofDecree 126/2020/ND-CP, regulations are as follows:
Types of taxes filed monthly, quarterly, yearly, on each occurrence of tax obligations, and tax finalization declarations
...
- Taxes and charges that require annual finalization and finalization at xem bóng đá trực tiếp trên youtube time of dissolution, bankruptcy, cessation of operations, contract termination, or enterprise reorganization. In cases of changing xem bóng đá trực tiếp trên youtube type of enterprise (excluding state-owned enterprises undergoing equitization) where xem bóng đá trực tiếp trên youtube transformed enterprise inherits all tax obligations from xem bóng đá trực tiếp trên youtube enterprise being transformed, there is no need to declare tax finalization at xem bóng đá trực tiếp trên youtube time of xem bóng đá trực tiếp trên youtube decision to change xem bóng đá trực tiếp trên youtube enterprise type; xem bóng đá trực tiếp trên youtube enterprise finalizes taxes at xem bóng đá trực tiếp trên youtube end of xem bóng đá trực tiếp trên youtube year. Specifically:
...
d) Personal income tax (PIT) applied to organizations and individuals paying income subject to personal income tax derived from salaries and wages; individuals with income from salaries and wages authorize tax finalization to organizations and individuals paying income; individuals directly finalize taxes with tax authorities from income derived from salaries and wages. Specifically:
d.1) Organizations and individuals paying income derived from salaries and wages are responsible for declaring tax finalization and finalizing on behalf of individuals with authorization from xem bóng đá trực tiếp trên youtube income paying organization or individual, regardless of whether tax withholding has occurred or not. If no income is paid, there is no need to declare PIT finalization.In cases where an individual is transferred from an old organization to a new organization due to xem bóng đá trực tiếp trên youtube old organization undergoing merger, consolidation, division, separation, changing xem bóng đá trực tiếp trên youtube form of xem bóng đá trực tiếp trên youtube enterprise, or when both xem bóng đá trực tiếp trên youtube old and new organizations belong to xem bóng đá trực tiếp trên youtube same system, xem bóng đá trực tiếp trên youtube new organization is responsible for finalizing taxes on behalf of xem bóng đá trực tiếp trên youtube individual for income paid by xem bóng đá trực tiếp trên youtube old organization and retrieving xem bóng đá trực tiếp trên youtube tax withholding certificates issued by xem bóng đá trực tiếp trên youtube old organization to xem bóng đá trực tiếp trên youtube employee (if any).
d.2) Resident individuals with income derived from salaries and wages authorize tax finalization to organizations and individuals paying their income. Specifically:
Individuals with income derived from salaries and wages enter into labor contracts of three months or more at one place and are actually working there at xem bóng đá trực tiếp trên youtube time xem bóng đá trực tiếp trên youtube organization or individual conducting tax finalization, even if they have not worked xem bóng đá trực tiếp trên youtube full 12 months in xem bóng đá trực tiếp trên youtube year. If xem bóng đá trực tiếp trên youtube individual is transferred from an old organization to a new organization as specified in point d.1 of this clause, they may authorize tax finalization to xem bóng đá trực tiếp trên youtube new organization.
Individuals with income derived from salaries and wages enter into labor contracts of three months or more at one place and are actually working there at xem bóng đá trực tiếp trên youtube time xem bóng đá trực tiếp trên youtube income-paying organization or individual finalizes taxes, even if they have not worked xem bóng đá trực tiếp trên youtube full 12 months in xem bóng đá trực tiếp trên youtube year; and concurrently have side income at other places averaging no more than 10 million VND per month annually and have had personal income tax withheld at a rate of 10% without requiring tax finalization for this part of xem bóng đá trực tiếp trên youtube income.
...
Therefore, xem bóng đá trực tiếp trên youtube following cases require PIT finalization for enterprises:
Organizations paying income, regardless of whether or not tax withholding has occurred, are responsible for declaring:
- Tax finalization
- Tax finalization on behalf of individuals with authorization
In cases where xem bóng đá trực tiếp trên youtube organization does not occur income payment from salaries and wages during xem bóng đá trực tiếp trên youtube year, it is not required to declare PIT finalization.
When shall enterprises finalize PIT in Vietnam?(Image from Internet)
What is xem bóng đá trực tiếp trên youtube maximum penalty for individuals failing to submit PIT finalizations in Vietnam?
Based on Article 17 ofDecree 125/2020/ND-CPregarding penalties for tax evasion as follows:
Penalty for tax evasion
1. A fine equal to 1 times xem bóng đá trực tiếp trên youtube evaded tax amount will be imposed on taxpayers who have at least one mitigating circumstance and commit one of xem bóng đá trực tiếp trên youtube following violations:
a) Failing to submit a taxpayer registration file; failing to submit a tax declaration file or submitting a tax declaration file more than 90 days past xem bóng đá trực tiếp trên youtube deadline for submission or xem bóng đá trực tiếp trên youtube extended deadline for submission, except in cases specified at points b and c, Clause 4, and Clause 5, Article 13 of this Decree;
...
2. A fine equal to 1.5 times xem bóng đá trực tiếp trên youtube evaded tax amount will be imposed on taxpayers who commit one of xem bóng đá trực tiếp trên youtube violations specified in Clause 1 of this Article without aggravating or mitigating circumstances.
3. A fine equal to 2 times xem bóng đá trực tiếp trên youtube evaded tax amount will be imposed for taxpayers who commit one of xem bóng đá trực tiếp trên youtube violations specified in Clause 1 of this Article and have one aggravating circumstance.
4. A fine equal to 2.5 times xem bóng đá trực tiếp trên youtube evaded tax amount will be imposed for taxpayers who commit one of xem bóng đá trực tiếp trên youtube violations specified in Clause 1 of this Article and have two aggravating circumstances.
5. A fine equal to 3 times xem bóng đá trực tiếp trên youtube evaded tax amount will be imposed for taxpayers who commit one of xem bóng đá trực tiếp trên youtube violations specified in Clause 1 of this Article and have three or more aggravating circumstances*.*
...
To be specific:, xem bóng đá trực tiếp trên youtube aggravating circumstances applied to consider penalties for individuals failing to submit PIT finalizations are as follows:
According to xem bóng đá trực tiếp trên youtube provisions in Clause 1, Article 6 ofDecree 125/2020/ND-CPas follows
Mitigating and aggravating circumstances in taxation and invoicing violations
1. Aggravating and mitigating circumstances according to xem bóng đá trực tiếp trên youtube provisions of xem bóng đá trực tiếp trên youtube law on administrative violations handling.
...
Referring to xem bóng đá trực tiếp trên youtube provisions of Article 10 ofLaw on Handling of Administrative Violations 2012, xem bóng đá trực tiếp trên youtube aggravating circumstances applied for considering penalties for individuals failing to submit PIT finalizations include xem bóng đá trực tiếp trên youtube following circumstances:
(1)Administrative violations organized;
(2)Repeated administrative violations; recidivism;
(3)Inciting, luring, using minors to violate; forcing individuals dependent on one materially or spiritually to commit administrative violations;
(4)Using individuals knowingly in a state of mental disorder or other illness that deprives cognitive ability or behavior control to commit administrative violations;
(5)Insulting or defaming persons executing public duties; administrative violations characterized by hooliganism;
(6)Exploiting positions or powers to commit administrative violations;
(7)Exploiting circumstances of war, natural disasters, pandemics, or other special social difficulties to commit administrative violations;
(8)Violating while serving a criminal sentence or undergoing an administrative measures decision;
(9)Continuing to perform administrative violations despite requests from competent authorities to cease;
(10)Engaging in evasion or concealment of administrative violations after xem bóng đá trực tiếp trên youtube fact;
(11)Administrative violations on a large scale, involving large quantities or values of goods;
(12)Violations against multiple persons, including children, xem bóng đá trực tiếp trên youtube elderly, xem bóng đá trực tiếp trên youtube disabled, or pregnant women.
*Note:xem bóng đá trực tiếp trên youtube circumstances listed above, if already stipulated as administrative violations, will not be considered as aggravating circumstances.
Therefore, an individual failing to submit PIT finalizations may be fined up to three times xem bóng đá trực tiếp trên youtube tax amount due if there are three or more aggravating circumstances.
What are procedures forhandlingthe receipt and processing of PIT finalizations in Vietnam?
According to Section 6 ofOfficial Dispatch 636/TCT-DNNCN 2021, xem bóng đá trực tiếp trên youtube responsibility for receiving and processing PIT finalizations by tax authorities is guided as follows:
- xem bóng đá trực tiếp trên youtube tax authority is responsible for propagating, instructing, and urging taxpayers to carry out tax finalization in compliance to avoid being subject to penalties as per legal regulations.
- xem bóng đá trực tiếp trên youtube tax authority organizes xem bóng đá trực tiếp trên youtube receipt of PIT finalizations based on xem bóng đá trực tiếp trên youtube principle of creating favorable conditions in terms of location, personnel, and reception time to ensure completion within xem bóng đá trực tiếp trên youtube prescribed deadlines.
- After accepting PIT finalizations, xem bóng đá trực tiếp trên youtube tax authority reviews and processes tax finalization declarations that have not been accounted for within xem bóng đá trực tiếp trên youtube tax sector's IT application system; processes xem bóng đá trực tiếp trên youtube dossiers as per regulations without returning them unless individuals require adjustments or seek tax authority clearance.
Instructions are provided for xem bóng đá trực tiếp trên youtube implementation of electronic tax transaction account registration andCông văn 883/TCT-DNNCN năm 2022 hướngfrom xem bóng đá trực tiếp trên youtube General Department of Taxation guiding xem bóng đá trực tiếp trên youtube submission of form 02/QTT-TNCN electronically via its portal.
