Annual tax filing is an obligation that organizations and individuals must fulfill to the state. To ensure a smooth, transparent, and proper filing process, each individual and organization needs to prepare all necessary documents as required by the General Department of Taxation. So, what documents are needed for the 2022 personal income tax (PIT) final settlement? When is the deadline for submitting the final settlement?
1. Personal income tax return documents
Personal income tax (PIT) settlement documents, based on Decree 126/2020/ND-CP, in the section on tax declaration documents and declaration forms issued with Circular 80/2021/TT-BTC (Circular 80), are divided into two different groups of subjects.
1.1. Documents required for individuals who directly file tax returns with the tax authorities.
For individuals who file their tax returns directly with the tax authorities, the required documents include:
[1] Personal income tax final settlement declaration form No. 02/QTT-TNCN issued with Circular 80
[2] Declaration form for family allowance deduction for dependents according to mẫu số 02-1/BK-QTT-TNCN issued with Circular 80.
[3] Copies of documents proving the amount of tax deducted, provisionally paid during the year, and the amount of tax paid abroad (if any).
Note: In cases where the income-paying organization does not issue a tax deduction certificate to the individual because the organization has ceased operations, the tax authority will rely on the tax sector's database to review and process the individual's tax return without requiring a tax deduction certificate.
[4] Copy of the Tax Deduction Certificate issued by the income-paying agency (clearly stating which income tax return has been paid); or a copy of the bank statement for the amount of tax paid abroad with confirmation from the taxpayer in case, according to foreign law, the foreign tax authority does not issue a certificate of tax paid.
[5] Copies of invoices and receipts proving contributions to charity funds, humanitarian funds, and scholarship funds (if any).
[6] Documents proving the amount paid by the unit or organization paying income abroad in the case of individuals receiving income from international organizations, Embassies, Consulates and receiving income from abroad.
1.2. Documents required for organizations and individuals paying income to file tax returns.
For organizations and individuals paying income, the tax return documents submitted to the tax authorities include:
[1] Personal income tax final settlement declaration form issued with Circular 80 according to mẫu 05/QTT-TNCN.
[2] Appendix of detailed list issued with Circular 80 according to form 05-1/QTT-TNCN individuals subject to tax calculation according to the progressive tax rate schedule
[3] Appendix of detailed list issued with Circular 80 according to form 05-2/QTT-TNCN individuals subject to tax calculation at full tax rate
[4] Appendix of detailed list issued with Circular 80 according to form 05-3/QTT-TNCN dependents for family allowance deduction
2. Deadline for submitting personal income tax return for 2022
According to the legal regulations in the 2019 Tax Administration Law and Official Letter 636/TCT-DNNCN, the deadline for filing and submitting personal income tax return documents has been clearly stated. Specifically, Clause 4, Article 44 of the 2019 Tax Administration Law stipulates the deadline for submitting tax return documents as follows:
- The deadline for submitting tax returns for organizations and individuals paying income to finalize personal income tax for 2021 is the end of the third month of the calendar year or fiscal year (March 31, 2022).
- The deadline for filing tax returns for individuals who directly settle their taxes with the tax authorities is the last day of the fourth month from the end of the calendar year or fiscal year (April 30, 2022)..
Furthermore, if the deadline for submitting tax returns coincides with a public holiday, the deadline for submission is the next working day, as per Official Letter 636/TCT-DNNCN. Therefore, the deadline for individuals directly submitting tax returns to the tax authorities is May 2nd, 2022. However, to avoid penalties, taxpayers should submit their returns before April 30th, 2022.