What is đá bóng trực tiếp deadline for submitting đá bóng trực tiếp VAT declaration for June 2024 in Vietnam?
What is Value-Added Tax in Vietnam?
Under đá bóng trực tiếp provisions in Article 2 of đá bóng trực tiếp Law on Value-Added Tax 2008, đá bóng trực tiếp definition of VAT is stated as follows:
Value-Added Tax
Value-added tax is a tax imposed on đá bóng trực tiếp added value of goods or services arising in đá bóng trực tiếp process from production, circulation to consumption.
Value-added tax is a tax imposed on đá bóng trực tiếp added value of goods or services arising in đá bóng trực tiếp process from production, circulation to consumption.
What is đá bóng trực tiếp deadline for submitting đá bóng trực tiếp VAT declaration for June 2024 in Vietnam?
Article 44 of đá bóng trực tiếp Law on Tax Administration 2019 stipulates đá bóng trực tiếp deadline for submitting tax declaration dossiers in Vietnam as follows:
Deadlines for submission of tax declaration dossiers
1. Deadlines for submission of tax declaration dossiers of taxes declared monthly and quarterly:
a) For taxes declared monthly: đá bóng trực tiếp 20thof đá bóng trực tiếp month succeeding đá bóng trực tiếp month in which tax is incurred;
b) For taxes declared quarterly: đá bóng trực tiếp last day of đá bóng trực tiếp first month of đá bóng trực tiếp succeeding quarter.
2. For taxes declared annually:
a) For annual tax statement dossiers: đá bóng trực tiếp last day of đá bóng trực tiếp 3rdmonth from đá bóng trực tiếp end of đá bóng trực tiếp calendar year or fiscal year. For annual tax declaration dossiers: đá bóng trực tiếp last day of đá bóng trực tiếp first month from đá bóng trực tiếp end of đá bóng trực tiếp calendar year or fiscal year
b) For annual personal income tax statements prepared by income earners: đá bóng trực tiếp last day of đá bóng trực tiếp 4thmonth from đá bóng trực tiếp end of đá bóng trực tiếp calendar year;
c) For presumptive tax declarations prepared by household businesses and individual businesses: đá bóng trực tiếp 15thof December of đá bóng trực tiếp preceding year. For new household businesses and individual businesses: within 10 days from đá bóng trực tiếp date of commencement of đá bóng trực tiếp business.
3. For declaration of taxes that are declared and paid upon incurrence: đá bóng trực tiếp 10thday from đá bóng trực tiếp day on which tax is incurred.
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Thus, in đá bóng trực tiếp case of monthly tax declaration and payment, đá bóng trực tiếp deadline for submitting đá bóng trực tiếp VAT declaration is no later than đá bóng trực tiếp 20th of đá bóng trực tiếp month succeeding đá bóng trực tiếp month in which tax is incurred.
In summary, đá bóng trực tiếp deadline for submitting đá bóng trực tiếp VAT declaration for June 2024 is July 20, 2024.
What is đá bóng trực tiếp deadline for submitting đá bóng trực tiếp VAT declaration for June 2024 in Vietnam? (Image from đá bóng trực tiếp Internet)
Is it required to submit a tax finalization declaration if tax is not deducted in Vietnam?
According to point d.1 of sub-point d, clause 6, Article 8 of Decree 126/2020/ND-CP, there are regulations on taxes declared monthly, quarterly, annually, separately; tax finalization in Vietnam as follows:
Taxes declared monthly, quarterly, annually, separately; tax finalization
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6. đá bóng trực tiếp following taxes and amounts shall be declared annually and finalized when an enterprise is dissolved, shuts down, terminates a contract or undergoes rearrangement. In case of conversion (except equitized state-owned enterprises) where đá bóng trực tiếp enterprise after conversion inherits all tax obligations of đá bóng trực tiếp enterprise before conversion, tax shall be finalized at đá bóng trực tiếp end of đá bóng trực tiếp year instead of đá bóng trực tiếp issuance date of đá bóng trực tiếp decision on conversion. Tax shall be finalized at đá bóng trực tiếp end of đá bóng trực tiếp year):...
d) Personal income tax for salary payers; salary earners that authorize salary payers to finalize tax on their behalf; salary earners that finalize tax themselves. To be specific:
d.1) Salary payers shall finalize tax on behalf of authorizing individuals, whether tax is deducted or not. Tax finalization is not required if an individual does not earn any income. In case an employee is re-assigned to a new organization after đá bóng trực tiếp old organization is acquired, consolidated, divided or converted, or to a new organization that is in đá bóng trực tiếp same system as đá bóng trực tiếp old organization, đá bóng trực tiếp new organization shall finalize tax as authorized by such employee, including đá bóng trực tiếp income paid by đá bóng trực tiếp old organization, and collect documents about deduction of personal income tax issued by đá bóng trực tiếp old organization to đá bóng trực tiếp employee (if any).
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Thus, đá bóng trực tiếp company must still submit a tax finalization declaration even if tax is not deducted.
Who is required to separately declare VAT in Vietnam?
According to clause 4, Article 8 of Decree 126/2020/ND-CP, đá bóng trực tiếp taxes declared monthly, quarterly, annually, separately; tax finalization in Vietnam are as follows:
Taxes declared monthly, quarterly, annually, separately; tax finalization
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4. đá bóng trực tiếp following taxes and other amounts shall be declared separately:
a) VAT payable by taxpayers specified in Clause 3 Article 7 of this Decree or taxpayers that declare VAT directly on added value as prescribed by VAT laws and also incur VAT on real estate transfer.
b) Excise tax incurred by exporters on goods that are sold domestically instead of being exported if excise tax is not paid during manufacture of such goods. Excise tax incurred by business establishments buying domestically manufactured motor vehicles, airplanes, yachts that were originally not subject to excise tax but then repurposed and become subject to excise tax.
c) Tax on exports and imports, including: export duty, import duty, safeguard duty, anti-dumping tax, countervailing duty, excise tax, environment protection tax, VAT. đá bóng trực tiếp Ministry of Finance shall specify đá bóng trực tiếp cases in which separate declaration of tax on exports and imports is not required.
d) Resource royalty payable by đá bóng trực tiếp organization assigned to sell confiscated resources; resource royalty on irregular resource extraction licensed by competent authorities or exempt from licensing as prescribed by law.
dd) Irregular VAT and corporate income tax incurred by payable by taxpayers paying tax directly on value added and revenue as prescribed by VAT and corporate income tax laws. In case these taxes are incurred multiple times within a month, they may be declared monthly.
e) Corporate income tax on real estate transfer incurred by taxpayers paying tax directly on revenue under corporate income tax laws.
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Thus, taxpayers separately declaring VAT include:
- Taxpayers not required to submit tax declaration dossiers or taxpayers that declare VAT directly on added value as prescribed by VAT laws and also incur VAT on real estate transfer.
- Taxpayers paying tax directly on value added and revenue as prescribed by VAT and corporate income tax laws. In case these taxes are incurred multiple times within a month, they may be declared monthly.
Sincerely!
