Legal Updates

TAX REPORT DURATION

From July 1, 2020, the deadline for submitting 2020 tax declaration and payment documents has changed according to Law on Tax Administration 38/2019/QH14.

Pursuant to Law on Tax Administration 38/2019/QH14, the deadline for submission of tax declaration dossiers from July 1, 2020 changes in the direction of:

  • Stipulate that the tax payment deadline is the last day of the month or quarter for the convenience of taxpayers and tax authorities in determining the date of filing tax returns;
  • Extend the deadline for filing personal income tax finalization declarations for individuals who directly finalize taxes with tax authorities to have more time for individuals to compile dossiers in accordance with the tax declaration dossiers. pay personal income tax of the paying organization;
  • Specify the deadline for submitting tax returns for taxpayers who declare tax through electronic transactions when there is a problem with the tax authority’s electronic information portal.

You can refer to the following table for easy tracking and lookup, specifically:

TT Tax type Tax Administration Law 2006 Management Law

Tax 2019

 Notes
1 The deadline for submitting tax returns for taxes declared monthly and quarterly is regulated as follows:
1.1 Tax declared and paid monthly No later than the 20th day of the month following the month in which the tax liability arises.
1.2 Quarterly declaration and payment No later than the 30th day of the quarter following the quarter in which the tax liability arises. No later than the last day of the first month of the quarter following the quarter in which the tax liability arises. New rules can be extended by 1 day.
2 The time limit for submitting a tax return for a tax with an annual tax period is specified as follows:
2.1 year tax finalization file No later than the 90th day from the end of the calendar year or fiscal year. No later than the last day of the 3rd month from the end of the calendar year or fiscal year. New rule extended by 1 day.
2.2 Yearly tax return No later than the 30th day of the first month of the calendar year. No later than the last day of the first month of the calendar year or fiscal year. New rule extended by 1 day.
2.3 Personal income tax finalization records of individuals who directly finalize taxes< /strong> No later than the last day of the 4th month from the end of the calendar year The old law did not specify the time limit for individuals to directly settle the settlement (delayed by 01 month).
2.4 The flat tax return of business households and individuals paying tax by the flat method.< /em> No later than December 15 of the preceding year
In the case of a new business household or individual, the time limit for submitting a flat tax return is 10 days from the date of commencement of business.
3 Time limit for filing tax returns for taxes declared and paid each time they are incurred. No later than the 10th day from the date the tax liability arises.
4 Time limit for filing tax returns in case of termination of operation, contract termination or business reorganization.< /td>

No later than the 45th day from the date of decision. No later than the 45th day from the date of the event.
5 Time limit for submitting tax declaration dossiers for imported and exported goods. According to the provisions of the Customs Law.
Note: In case the taxpayer declares tax through electronic transactions in the last day of the tax filing deadline, if the tax authority’s electronic portal encounters a problem, the taxpayer shall submit the tax declaration dossier and electronic tax payment document within the next day after the tax authority’s electronic portal customs duties continue to operate.

The above is a new regulation on the deadline for submitting tax returns, according to the Tax Administration Law 2019 effective from July 1, 2020 the deadline for submitting tax returns there are some changes in the direction of prolonging the deadline for submission of documents. .

In particular, the time limit for individuals to directly finalize personal income tax is extended by one month, which helps taxpayers and tax authorities have more time, avoiding processing both tax finalization and income at the same time. Personal income tax made by the enterprise and finalization of corporate income tax.

If you have any questions regarding accounting and tax procedures, please contact us: TRUST Law Firm & BACKER is a Professional Law Firm established in Vietnam and reputable market, especially in Ho Chi Minh City. We are confident to give our customers the best accounting services, the principle of bringing the highest value of benefits to customers, the most professional service and the place where customers give their full trust.

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