THE DEADLINE FOR SUBMISSION OF TAX AND TAX REPORTS IN 2022

Create at: 11/02/2022

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What is the schedule for submitting tax reports in 2022? This is a question that many readers are interested in, especially newly graduated accountants need to understand to avoid penalties for late submission of VAT, PIT, and CIT declarations.

I. The deadline for submitting tax reports in 2022

Declaration	Submission deadline
Report	Monthly	Quarterly	By year
License tax			30/1
Value Added Tax (VAT)	20th of next month	No later than the last day of the first month of the following quarter (the 30th or 31st of the first month of the following quarter)
Personal income tax (PIT)		No later than the last day of the first month of the following quarter (the 30th or 31st of the first month of the following quarter)
Corporate income tax (CIT)		No need to submit a declaration Just temporarily calculate the amount to be paid (No later than the 30th of the first month of the following quarter)
Report on the use of invoices	For businesses that have switched to using e-invoices according to Circular 78/2021/TT-BTC and Decree 123/2020/ND-CP, they are not required to report the use of invoices.
	For businesses that are still using paper invoices or using electronic invoices according to Circular 32:
	20th of next month	The 30th of the first month of the following quarter
Financial report Tax finalization: CIT, PIT			31/03

II. Tax payment deadline in 2022

🍂 According to Article 55, Law on Tax Administration No. 38/2019/QH14:

Article 55. Tax payment deadlines

1. In the case of taxpayers calculating tax, the deadline for tax payment is the last day of the deadline for submitting tax declaration dossiers. In case of additional declaration of tax return, the deadline for tax payment is the deadline for submitting the tax return of the tax period with errors or omissions.

For corporate income tax, it is temporarily paid quarterly, the deadline for tax payment is the 30th day of the first month of the following quarter.

Whereby:

✨ The deadline for paying taxes is also the deadline for submitting tax returns.

For example: The latest payment deadline for the Quarter 1, 2022 VAT declaration is April 30, 2022, the latest quarterly VAT payment deadline is April 30, 2022.

Particularly for the provisional quarterly payment of CIT, the deadline for payment is the 30th day of the first month of the following quarter.

For example: The latest payment deadline of Quarter 1, 2022 CIT will be April 30, 2022.

III. The deadline for submitting tax returns and tax payment deadlines coincides with a holiday

Please note that the deadline for submitting tax returns and tax payment deadlines coincides with a /holiday as follows:

🍂 According to Article 86, Circular No. 80/2021/TT-BTC:

Article 86. The deadlines for submitting tax returns and tax payment

The deadline for submitting tax declaration dossiers complies with Clauses 1, 2, 3, 4, 5, Article 44 of the Law on Tax Administration, and Article 10 of Decree No. 126/2020/ND-CP. Tax payment deadlines comply with Clauses 1, 2, 3, Article 55 of the Law on Tax Administration and Article 18 of Decree No. 126/2020/ND-CP. In case the deadline for submitting tax declaration dossiers and tax payment deadlines coincide with a prescribed holiday, the deadline for submitting tax declaration dossiers and tax payment is the next working day of that holiday according to the provisions of the Civil Code.

IV. Newly established businesses declare tax on a monthly or quarterly basis?

🍂 According to Article 9, Decree 126/2020/ND-CP

Article 9. Criteria for quarterly tax declaration for value-added tax and personal income tax

1. Criteria for quarterly tax declaration

a) Quarterly VAT declaration applies to:

a.1) A taxpayer is eligible to declare value-added tax on a monthly basis specified at Point a, Clause 1, Article 8 of this Decree if the total revenue from selling goods and providing services in the preceding year is 50 billion or less, they may declare value-added tax quarterly. Revenue from selling goods and providing services is determined as the total revenue on value-added tax declarations of tax periods in the calendar year.

In case the taxpayer makes a concentrated tax declaration at the head office for the dependent unit or business location, the revenue from selling goods and providing services includes the revenue of the dependent unit, the business location.

a.2) In case taxpayers have just started operating or doing business, they may choose to declare value-added tax quarterly. After full 12 months of production and business, from the next calendar year to the next full 12 months will be based on the turnover rate of the preceding calendar year (full 12 months) to make a VAT declaration according to the monthly or quarterly

b) Quarterly personal income tax declaration as follows:

b.1) Taxpayers are the object to monthly personal income tax declaration specified at Point a, Clause 1, Article 8 of this Decree, if they are eligible for quarterly VAT declaration, may choose to declare personal income tax quarterly.

b.2) Quarterly tax declaration is determined once from the first quarter of which the tax obligation arises and is applied stably throughout the calendar year.

V. Conclusion

⭕ VAT declaration

In case of newly established enterprises: can choose to declare VAT quarterly

After the full 12 months of production and business, from the next calendar year to the next full 12 months will be based on the turnover rate of the preceding calendar year (full 12 months) to make a VAT declaration according to the monthly or quarterly.

The objects of quarterly VAT declaration:

Having total revenue of selling goods and providing services of the preceding year is at least VND 50 billion
Revenue from selling goods and providing services is determined as the total revenue on value-added tax declarations of tax periods in the calendar year.

⭕ PIT declaration

Ordinary enterprises declare personal income tax on a monthly basis
Particularly, enterprises that declare VAT quarterly can choose to declare PIT quarterly.
The above is a summary of the deadline for submitting the tax payment and tax reports in 2022. If you have questions, please contact TASCO for free answers and support.

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