Taxes payable and deadline for tax payment

Taxes are one of the most important revenues of the state budget that are required to pay by individuals, organizations and businesses. When is the tax payment deadline? Tax agent TASCO will provide necessary information to customers about this matter.

TYPES OF TAX LIABILITY AND TIMELY OF PAYMENT BY LAW

Taxes payable and deadline for tax payment

Tax Agent TASCO will share with customers information about taxes payable monthly, quarterly and annually as follows:

I. Taxes payable monthly.
Enterprises that are subject to VAT declaration must submit the following reports:
1. Value added tax:
If VAT declaration is made according to the deduction method:
- Value added tax return form No. 01 / GTGT.
- A list of invoices of sold goods and services, made according to form No. 01-1 / GTGT.
- A list of purchased service invoices, made according to form No. 01-2 / GTGT.
- Attached with other annexes (if any).
If VAT declaration is made according to the direct method:
Directly on added value:
- Value added tax return, made according to form No. 03 / GTGT.
Directly on revenue:
- Value added tax return form No. 04 / GTGT.
- A list of sales and service invoices, made according to form No. 04-1 / GTGT.
Note: For newly established businesses less than 12 months old, they must declare VAT monthly and declare by direct method.
(If your business can prove that the purchase of fixed assets and machinery> 1 billion VND, it can request in writing to declare VAT under the deduction method)
2. Personal income tax.
If the enterprise declares VAT on a monthly basis:
If the payable PIT amount is> 50,000,000 VND, then declare it monthly.
PIT reports payable on a monthly basis:
- Personal income tax return form No. 02 / KK-TNCK (for businesses paying income from salaries or wages).
- Personal income tax return form No. 03 / KK-TNCN (For businesses paying income from capital investment, from securities transfer, from copyright ...).
II. Quarterly income taxes.
If the enterprise declares VAT on a quarterly basis:
If the payable PIT amount <50,000,000 VND is incurred, then declare it quarterly.
1.Value added tax.
Deductible VAT declaration: 01 / VAT.
Attach:
- List of purchased goods and services invoices (PL01-2 / GTGT) and
Sold out (PL01-1 / VAT).
- Other sub-lists if any. (According to the form in Circular 28/2011 / TT-BTC).
2. Personal income tax.
- The quarterly tax return accounting using the declaration form: 02 / KK-TNCN.
Withholding tax on income from capital investment, securities transfer, copyrights, franchising, and winning prizes, then declare and submit the tax form according to form 03 / KK-TNCN on a quarterly basis.
A company that does not withhold personal income tax is not required to declare tax.
If companies pay tax on a quarterly basis, the deadline for submitting PIT returns is the 30th of the month after the quarter.
For example: Deadlines for submission are April 30, July 30, October 30, and January 30.
Provisional corporate income tax quarterly.
- A quarterly corporate income tax return, made according to form No. 01A / TNDN, for an enterprise that fully complies with the invoice bookkeeping regime and discovers real expenses incurred in the tax period.
- Quarterly corporate income tax return, made according to form No. 01B / TNDN, for enterprises whose actual arising expenses cannot be determined.
The deadline for tax payment is the 30 (or 31) of the first month after the quarter.
4. Report on use of invoice by quarter.
- Report on the use of invoices under the form: BC26-AC issued together with the Circular No. 64/2013 / TT-BTC of the Ministry of Finance.
- The report on the use of invoices is sent together with the VAT declaration of the first month of the following quarter.
III. Types of annual tax reports.
Tax payment deadline is summarized according to the following circulars:
- 156/2013 / TT-BTC.
- 119/2014 / TT-BTC.
- 151/2014 / TT-BTC.
1. Deadline for filing and tax reporting year.
Enterprises that are already operating must pay tax and tax report is on the 30th day of the first month of the calendar year.
2) The deadline for submitting the annual tax finalization dossier.
- Tax finalization includes PIT finalization, CIT finalization and financial statements.
Example: Tax payment deadline: January 30, 2015.
- The deadline for submission is the 90th day from the end of the calendar year or fiscal year.
Example: The deadline for submitting 2014 financial statements is March 31, 2015.
- The deadline for submitting a tax finalization dossier for a split, amalgamated, merged, ownership transformation, dissolution or operation terminated enterprise is the 45th day from the date of the decision.

See also: Types of tax reports and the deadline for submitting tax reports under the new Tax Administration Law 38/2019 / QH14 effective July 1, 2020.

TASCO TAX AGENCY - THE HIGHEST RESPONSIBILITY FOR ALL SERVICES

Hotline: 0854862446 - 0975480868 (zalo)

Website: dailythuetasco.com or dichvutuvandoanhnghiep.vn

Email: cskh.dailythuetasco@gmail.com