To facilitate the monitoring of tax declaration obligations in the upcoming year 2020, we invite your company to update the following information. Schedule for submitting tax returns and business license fees. year 2020 in accordance with regulations to fulfill legal obligations.
1. How to determine the monthly/quarterly tax return filing deadline.
* Monthly tax return filing deadline
* Quarterly tax return filing deadline
“b) No later than the last day of the first month of the quarter following the quarter in which the tax liability arises, in the case of quarterly filing and payment.”
“b) No later than the thirtieth day of the quarter following the quarter in which the tax liability arises, in the case of quarterly filing and payment.”
Note:
According to Clause 2, Article 35 Decree 119 / 2018 / ND-CP, instructions at Circular 68 / 2019 / TT-BTC regulations:
"The implementation of electronic invoices and electronic invoices with tax authority codes as stipulated in this Decree shall be completed for all businesses, economic organizations, other organizations, households, and individual business owners no later than..." November 1, 2020.
Accordingly, from November 1st, 2020, businesses, economic organizations, other organizations, households, and individual business owners must register to use electronic invoices as prescribed. In addition, electronic invoice data will be connected to the tax authorities without having to submit reports on invoice usage as required. Circular 39/2014/ND-CP (Expired).
2. Tax return filing schedule for 2020 (monthly/quarterly)
| Month | Latest submission deadline | Businesses file tax returns quarterly. | Businesses file tax returns monthly. |
|
1
|
20/1/2020 |
– VAT Tax Return for November 2019 – Personal Income Tax return for December 2019 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2019 |
|
|
30/1/2020
|
– VAT Tax Return for Quarter IV/2019 – Personal Income Tax Return for Quarter IV/2019 (if applicable) – Pay the provisional Corporate Income Tax for Quarter IV/2019 (if applicable) – Report on Invoice Usage for Quarter IV/2019 – Pay business license fees for 2020
|
– Pay the provisional Corporate Income Tax for Quarter IV/2019 (if applicable) – Pay business license fees for 2019 |
|
|
2 |
20/2/2020 |
- VAT Tax Return for January 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for January 2020 |
|
|
3 |
20/3/2020 |
- VAT Tax Return for January 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
|
|
4 |
01/04/2020 |
– Corporate Income Tax Settlement for 2019 – Personal Income Tax Final Settlement for 2019 – Financial Report 2019 |
– Corporate Income Tax Settlement for 2019 – Personal Income Tax Final Settlement for 2019 – Financial Report 2019 |
|
20/4/2020 |
– VAT Tax Return for November 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
||
|
5
|
04/5/2020 |
– VAT Tax Return for Quarter I/2020 – Personal Income Tax Return for Quarter I/2020 (if applicable) – Payment of provisional Corporate Income Tax for Quarter I/2020 (if applicable) - Report on the situation of invoice usage in Quarter I/2020 |
– Payment of provisional Corporate Income Tax for Quarter I/2020 (if applicable) |
| 20/5/2020 |
– VAT Tax Return for November 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
||
|
6 |
22/6/2020 |
– VAT Tax Return for November 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for May 2020 |
|
|
7
|
20/7/2020 |
– VAT Tax Return for November 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
|
| 30/7/2020 |
- VAT Tax Return for Quarter II/2020 – Personal Income Tax Return for Quarter II/2020 (if applicable) – Make provisional payment of corporate income tax for Q2/2020 (if applicable) - Report on the situation of invoice usage in Quarter II/2020 |
– Provisional Corporate Income Tax Payment for Quarter II/2020 | |
|
8 |
20/8/2020 |
– VAT return for July 2020 (if applicable) – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
|
|
9 |
21/9/2020 |
– VAT return for July 2020 (if applicable) - Personal Income Tax return for August 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
|
|
10
|
20/10/2020 |
- VAT Tax Return for January 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
|
|
30/10/2020 |
– VAT Tax Return for Quarter III/2020 – Personal Income Tax Return for Quarter III/2020 (if applicable) – Pay the provisional Corporate Income Tax and VAT for Q3/2020 (if applicable) – Report on the use of invoices for the third quarter of 2019
|
– Payment of provisional Corporate Income Tax for Quarter III/2020 | |
|
11 |
20/11/2020 |
– VAT Tax Return for November 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable) – Report on invoice usage for December 2020 |
|
|
12 |
21/12/2020 (Since December 20th falls on a Sunday, we will only return to work on December 21st.) |
- VAT Tax Return for January 2020 – Personal Income Tax return for December 2020 (if applicable) – Pay VAT and personal income tax (if applicable). – Report on invoice usage for December 2020 |
Schedule for submitting tax returns and business license fees in 2020
