Which taxes are declared annually in Vietnam? What does đá bóng trực tiếp tax declaration dossier of taxes that are declared and paid annually include?
Which taxes are declared annually in Vietnam?
According to Clause 3, Article 8 ofDecree 126/2020/ND-CP, specific provisions on taxes and fees declared annually that are part of đá bóng trực tiếp state budget include:
- License fees.
- Personal income tax for individuals acting as lottery agents, insurance agents, or multi-level sales agents who have not withheld taxes during đá bóng trực tiếp year but determine at đá bóng trực tiếp year's end that they are liable to pay taxes.
- Taxes and fees from business households, individual businesses paying taxes under đá bóng trực tiếp flat-rate method, individuals renting out property who choose to declare taxes that are declared and paid annually.
- Non-agricultural land use tax.
Note:
+ Taxpayers declare taxes that are declared and paid annually for each parcel and consolidate declarations for homestead land if having land use rights for multiple parcels within one district or across multiple districts within đá bóng trực tiếp same province. Taxpayers are not required to consolidate in đá bóng trực tiếp following cases:
+ Taxpayers have land use rights for one or multiple parcels within đá bóng trực tiếp same district, but đá bóng trực tiếp total taxable land area does not exceed đá bóng trực tiếp homestead land limit where đá bóng trực tiếp land rights exist.
+ Taxpayers have land use rights for multiple parcels in different districts, yet no parcel exceeds đá bóng trực tiếp limit, and đá bóng trực tiếp total taxable land area does not exceed đá bóng trực tiếp homestead land limit where đá bóng trực tiếp land rights exist.
- Agricultural land use tax.
- Land rent and water surface rent paid annually.
Which taxes are declared annually in Vietnam?What does đá bóng trực tiếp tax declaration dossier of taxes that are declared and paid annually include? (Image from đá bóng trực tiếp Internet)
When is đá bóng trực tiếp deadline for submittingtax declarations annually in Vietnam?
According to Clause 2, Article 44 of đá bóng trực tiếp2019 Law on Tax Administration, đá bóng trực tiếp deadlines for submitting tax declarations for taxes that are declared and paid annually are as follows:
- No later than đá bóng trực tiếp last day of đá bóng trực tiếp third month from đá bóng trực tiếp end of đá bóng trực tiếp calendar year or fiscal year for annual tax settlement declarations; no later than đá bóng trực tiếp last day of đá bóng trực tiếp first month of đá bóng trực tiếp calendar year or fiscal year for annual tax declarations;
- No later than đá bóng trực tiếp last day of đá bóng trực tiếp fourth month from đá bóng trực tiếp end of đá bóng trực tiếp calendar year for individual personal income tax finalization declarations of individuals who directly finalize taxes;
- No later than December 15 of đá bóng trực tiếp preceding year for flat-rate tax declarations of business households and individual businesses paying taxes under đá bóng trực tiếp flat-rate method; if a business household or individual business starts a new business, đá bóng trực tiếp deadline for đá bóng trực tiếp flat-rate tax declaration is no later than 10 days from đá bóng trực tiếp start of đá bóng trực tiếp business.
What are penalties for late submission of tax declarations for taxes that are declared and paid annually in Vietnam?
As per Article 13 ofDecree 125/2020/ND-CPon penalties for violations concerning đá bóng trực tiếp deadline for submitting tax declarations:
- A warning is issued for late submission of tax declarations from 01 to 05 days with mitigating circumstances.
- A fine ranging from VND 2,000,000 to VND 5,000,000 for late submission of tax declarations from 01 to 30 days, except for cases where warnings are issued for submissions from 01 to 05 days with mitigating circumstances.
- A fine ranging from VND 5,000,000 to VND 8,000,000 for late submissions beyond đá bóng trực tiếp stipulated period from 31 to 60 days.
- A fine ranging from VND 8,000,000 to VND 15,000,000 for any of đá bóng trực tiếp following violations:
+ Late submissions beyond đá bóng trực tiếp stipulated period from 61 to 90 days;
+ Late submissions beyond đá bóng trực tiếp stipulated period from 91 days or more but with no payable taxes arising;
+ Non-submission of tax declarations but with no payable taxes arising;
+ Non-submission of appendices as per tax management regulations for enterprises with associated transactions along with corporate income tax settlement declarations.
- A fine ranging from VND 15,000,000 to VND 25,000,000 for late submissions exceeding 90 days from đá bóng trực tiếp tax declaration submission deadline, with payable taxes arising, and đá bóng trực tiếp taxpayer has paid đá bóng trực tiếp full tax amount and late payment penalties into đá bóng trực tiếp state budget before đá bóng trực tiếp tax authority announces a decision to conduct a tax inspection or audit or before đá bóng trực tiếp tax authority prepares a report on late tax declaration submission behavior as prescribed in Clause 11, Article 143 of đá bóng trực tiếp2019 Law on Tax Administration.
Note:đá bóng trực tiếp above penalties apply to organizations. đá bóng trực tiếp penalties for individuals will be 1/2 of đá bóng trực tiếp penalties for organizations.
Vietnam: What doesthe tax declaration dossier of taxes that are declared and paid annually include?
Based on Clause 3, Article 43 of đá bóng trực tiếp2019 Law on Tax Administration, đá bóng trực tiếp specific components of đá bóng trực tiếp tax declaration dossier of taxes that are declared and paid annually include:
- đá bóng trực tiếp annual tax declaration dossier includes đá bóng trực tiếp annual tax return and other documents related to determining đá bóng trực tiếp amount of tax payable;
- đá bóng trực tiếp tax settlement declaration dossier at đá bóng trực tiếp end of đá bóng trực tiếp year includes đá bóng trực tiếp annual tax settlement return, annual financial statements, transfer pricing documentation; and other documents related to tax settlement.
