What do businesses need to do at the beginning of the year?

In the joyful atmosphere of the first days of the new year, to have a favorable start and promise success, here are the tasks that your business needs to do in the first days of the year without missing out in 2023. Let's find out with Tasco what those jobs are.

1. Temporary payment of CIT in the fourth quarter of 2022:

☀️ Pursuant to Point b, Clause 6, Article 8 of Decree 126/2020/ND-CP (amended and supplemented by Clause 3, Article 1 of Decree 91/2022/ND-CP), enterprises temporarily pay corporate income tax (CIT) in the fourth quarter of 2022, except for the following cases:

➤ Corporate income tax from the capital transfer of foreign contractors.

➤ Corporate income tax is declared according to the ratio method on revenue each time it is incurred or monthly.

☀️ Enterprises must determine the amount of CIT temporarily paid quarterly (including temporarily allocating CIT amounts to the province where the dependent unit is located, the place of business, and the place where the transferred real estate is located. the enterprise has its head office) and is entitled to deduct the temporarily paid tax amount from the payable amount according to the annual tax finalization, specifically as follows:

➤ Enterprises need to ensure that the total amount of temporarily paid corporate income tax of the four quarters is not lower than 80% of the payable corporate income tax according to the annual finalization.

➤ The deadline for the temporary payment of CIT for the fourth quarter is January 30, 2023 (based on Clause 1, Article 55 of the Law on Tax Administration 2019).

2. Declaration and payment of PIT:

⏩  In January 2023, enterprises that pay incomes from salaries and wages shall declare and pay personal income tax on behalf of employees as follows:

◆ For the case of monthly tax declaration: Tax period in December 2022, no later than January 27, 2023.

◆ For the case of quarterly tax declaration: The tax period of the fourth quarter of 2022, no later than January 31, 2023.

3. Declaration and payment of VAT:

⏩  Enterprises subject to monthly or quarterly value-added tax declaration will have to submit a tax return and value-added tax amount in January 2023 as follows:

◆ For the case of monthly tax declaration: Tax period in December 2022, no later than January 27, 2023.

◆ For the case of quarterly tax declaration: The tax period of the fourth quarter of 2022, no later than January 31, 2023.

4. Declaration and payment of license fees:

💎 In 2022, organizations and enterprises that have just established or started production and business activities, have established additional dependent units, and business locations, or have changed their capital, shall submit an application. license fee declaration no later than January 30, 2023.

💎 License fees:

⇒ 3 million VND/year for enterprises with charter capital over 10 billion VND.

⇒ 2 million VND/year for enterprises with charter capital of 10 billion VND or less.

⇒ 1 million VND/year for branches, representative offices, and business locations

💎 Deadline: January 30, 2023, at the latest

💎 Note: For businesses that change their charter capital in 2022 but have not yet submitted a new license fee declaration, they must submit an additional license fee declaration no later than January 30, 2023.

5. Deduction and payment of Trade Union Fund:

🎗️ Pursuant to Articles 5 and 6 of Decree 191/2013/ND-CP, enterprises deduct and pay trade union fees for January 2023 as follows:

● Enterprises pay the Trade Union fee once a month at the same time as paying compulsory social insurance for employees, that is, it will also be paid no later than January 31, 2023.

● The level of the deduction for payment of trade union contributions: equal to 2% of the salary fund as the basis for paying compulsory social insurance for employees.

6. Mandatory social insurance, health insurance, and unemployment insurance deductions:

The enterprise is responsible for deducting payment for compulsory social insurance (social insurance), health insurance (HI), and unemployment insurance (UI) for January 2023 as follows:

● Enterprises deduct from the monthly salary to pay compulsory social insurance of each employee according to the prescribed rate.

● Mode of payment: transfer at the same time the deductions for payment of social insurance, health insurance, and unemployment insurance premiums of all employees into the collection account of the social insurance agency opened at the bank or the State Treasury.

● Deadline for payment: January 31, 2023, at the latest (except for enterprises operating in the fields of agriculture, forestry, fishery, and salt production).

7. Finalization of PIT in 2022:

⭐ Enterprises must finalize personal income tax to the tax authority directly managing (whether or not there is a tax deduction, it must also be paid).

⭐ If there is no payment of wages or salaries in 2022, then there is no need to declare PIT finalization.

⭐ Deadline: no later than March 31, 2023.

8. Finalization of CIT in 2022:

🔗 The enterprise must submit the CIT finalization declaration to the tax authority directly managing it.

🔗 Deadline: No later than March 31, 2023, or the 90th day from the end of the fiscal year.

⇒ Register here for TASCO's earliest advice or contact hotline: 0975480868 (Zalo)

---

TASCO TAX CONSULTING SERVICES CO., LTD

38 N8 street, Jamona City, District 7, HCMC

Email: lienhe@dailythuetasco.com

Website: https://dailythuetasco.com/

Facebook: https://www.facebook.com/DAILYTHUETASCO

Zalo OA: https://zalo.me/61953192489762962

Google Maps: https://g.page/r/CYHyfLDA7EPJEBA

Instagram: https://www.instagram.com/tv/CjA36vio0ol/?igshid=YmMyMTA2M2Y=

Cộng đồng Zalo: https://zalo.me/g/fbkqgl233