1. Summary Table of Submission Deadlines
Below is a summary table of deadlines for filing various tax returns, regardless of the specific year:
|
Tax/Report Type |
Submission Deadline |
Note |
|
Business license fee |
Existing businesses: January 30th annually; New businesses: January 30th of the year following the exemption. |
Applicable to changes in capital and new branches. |
|
Value Added Tax (VAT) |
Monthly: The 20th of the following month; Quarterly: The end of the first month of the following quarter. |
Based on previous year's revenue >50 billion VND. |
|
Personal Income Tax (PIT) – Businesses |
Monthly: The 20th of the following month; Quarterly: The end of the first month of the following quarter. |
Similar to VAT, this includes deductions from employee salaries. |
|
Personal Income Tax Settlement – Businesses |
No later than March 31st of next year. |
|
|
Personal Income Tax Settlement – Individuals |
No later than March 30st of next year. |
This applies if there are multiple sources of income, inheritance, or gifts. |
|
Corporate Income Tax (CIT) – Provisional Payment |
Taxes payable on the 30th of the first month of the following quarter. |
No declaration form is required, for example, April 30th for the first quarter. |
|
Corporate Income Tax – Final Settlement |
No later than March 31st of next year. |
For the fiscal year ending December 31st. |
|
Financial report |
Typically within 90 days following the fiscal year, depending on the type of business. |
According to Circulars 200/2014/TT-BTC and 133/2016/TT-BTC. |
2. Types of Taxes and Deadlines
2.1. Business License Fee
- Regulations: By convention, existing businesses must pay business license fees no later than January 30th of each year. Newly established businesses are exempt in the first year and must submit their declarations no later than January 30th of the following year, especially if there are changes in capital or the opening of new branches.
- Legal Basis: Based on the 2019 Tax Administration Law and detailed guidelines in Decree 126/2020/ND-CP
2.2. Value Added Tax (VAT)
- How to Determine the Filing Period:
- Businesses with revenue exceeding VND 50 billion in the previous year, or those who choose to do so: Declare monthly, as stipulated in the regulations. Decree 126/2020/ND-CP.
- Businesses with previous year's revenue of VND 50 billion or less, or newly established businesses: Declare quarterly, as stipulated. Decree 126/2020/ND-CP.
- Submission Deadline:
-
- Monthly: No later than the 20th of the following month. For example, March taxes must be paid before April 20th.
- Quarterly: No later than the last day of the first month of the following quarter, for example, Quarter 3 (July - September) must be submitted before October 31st.
- Note: Tax returns must be filed even if there is no revenue, as stipulated in Article 10 of Decree 126/2020/ND-CP.
2.3. Personal Income Tax (PIT)
- Businesses that deduct personal income tax:
-
- Similar to VAT, businesses with revenue exceeding VND 50 billion in the previous year file monthly tax returns, while those with revenue below VND 50 billion or newly established businesses file quarterly.
- Submission deadline: The 20th of the following month (monthly) or the last day of the first month of the following quarter (quarterly). For example, August submissions must be made before September 20th, and Q3 submissions before October 31st.
- Annual Personal Income Tax Settlement:
- Businesses: The final settlement must be made no later than March 31st of the following year; for example, for 2024, the settlement must be completed before March 31st, 2025.
- Personal Self-Management: No later than April 30th of the following year, applicable to cases with multiple sources of income, inheritance, real estate gifts, or requiring family allowance deductions, as stipulated in Article 7 of Decree 126/2020/ND-CP.
- Tax Payment Deadline: The deadline for paying taxes usually coincides with the deadline for filing tax returns; full payment is required if there is any tax due.
2.4. Corporate Income Tax (CIT)
- Quarterly Provisional Payments: No tax return is required, but if there is tax payable, it must be paid no later than the 30th of the first month of the following quarter. For example, for the first quarter (January-March), the payment should be made before April 30th. If April 30th is a public holiday, it should be postponed to the next working day, such as May 5th, 2025.
- Annual Corporate Income Tax Settlement: The final settlement must be made no later than March 31st of the following year; for example, for 2024, the settlement must be completed before March 31st, 2025.
2.5. Financial Statements
- The deadline for filing financial reports is typically within 90 days of the end of the fiscal year, depending on the type of business, according to Circular 200/2014/TT-BTC , and Circular 133/2016/TT-BTC.
3. Additional Notes and Instructions
- If the deadline coincides with a public holiday (such as April 30th or May 1st), it will be moved to the next working day, for example, May 5th, 2025 if April 30th is a holiday.
- The deadline for paying taxes usually coincides with the deadline for filing tax returns; full payment is required if there is any tax due.
- To ensure accuracy, especially with legal changes, further verification is recommended. General Department of Taxation Or consult a tax expert, as there may be the latest updates not fully listed in this article.
- One notable point is that individuals who self-declare their personal income tax may need to pay additional tax if a tax liability arises after the settlement, with the deadline for payment being April 30th.
4. Conclusion
Knowing the filing schedule for various tax returns and the deadlines for personal income tax payments and final settlements is crucial to avoid potential problems. administrative fines, with the penalty from 2 million to 25 million VND Depending on the degree of delay, according to Decree 125/2020/ND-CPHopefully, this article provides sufficient information to help readers fulfill their tax obligations on time and effectively.