Headlines 27/04/2019 15:24 CH

Tax-related tasks that enterprises must perform before Victory Day

Hồng Phương

THƯ VIỆN PHÁP LUẬT would like to update you on tax-related tasks that enterprises must perform before Victory Day and International Labour Day:

I. Tasks that enterprises filing monthly tax returns must perform

1. Submitting VAT declaration forms of March 2019

Every month, enterprises have to submit VAT declaration forms in that month by the 20th day of the month following the last tax month at the latest. For example, the tax declaration form of March must be filed by April 20 at the latest.

In case of submitting tax declaration forms late, enterprises will be subject to prescribed penalties, depending on the number of days after the stipulated submission deadline.

2. Submitting PIT declaration forms of March 2019

In March, in case of withholding PIT, enterprises must submit tax returns to declare PIT by April 20 at the latest.

3. Submitting reports on use of invoices in March 2019

When falling into one of the following situations, enterprises will use invoices bought from tax authorities:

- Enterprises currently using internally or externally printed invoices commit invoice-related violations resulting in administrative penalties against tax evasion and fraud.

- Enterprises are classified as those posing high risks related to taxes.

Therefore, enterprises will, on a monthly basis, submit reports on use of invoices to direct supervisory tax authorities, even if they have not used any invoice during the tax period.

If there are none of invoices used during the tax period, the numeral “zero” (0) must be entered in the field indicating the number of invoices used in the report on use of invoices.

The deadline for submission of reports on use of invoices in March is April 20. In case of late submission, enterprises will be sanctioned.

4. Paying preliminary CIT amounts of Quarter I/2019

Enterprises must make preliminary CIT payments of 1st Quarter of 2019 by April 30 at the latest; enterprises are obliged to pay preliminary tax amounts without having to submit tax declaration forms.

The tax amounts that enterprises need to pay entirely depend on their calculation of the CIT amount in the previous tax year and the projected business income.

Enterprises may pay taxes at local state treasuries or via commercial banks providing state budget collection (tax collection) service.

II. Tasks that enterprises filing quarterly tax returns must perform

1. Submitting VAT declaration forms of Quarter I/2019

Every quarter, enterprises have to submit VAT declaration forms of that quarter and, by April 30 at the latest, must finish submitting VAT declaration forms of Quarter I.

In case of submitting tax declaration forms late, enterprises will be subject to prescribed penalties, depending on the number of days after the stipulated submission deadline.

2. Submitting PIT declaration forms of QuarterI/2019

In the first quarter, in case of withholding PIT, they must submit tax returns to declare PIT by April 30 at the latest.

3. Submitting reports on use of invoices in Quarter I/2019

Enterprises will, on a quarterly basis, have to submit reports on use of invoices to direct supervisory tax authorities, even if they have not used any invoice during the tax period.

In case of moving business locations to other localities other than those under their direct supervisory tax authorities, enterprises will be obliged to submit reports on use of invoices to tax authorities of the places where they leave.  

Deadline for submission of reports on use of invoices in Quarter I is April 30.

4. Reporting on use of documents evidencing PIT withholding in Quarter I/2019

Enterprises currently using documents evidencing PIT withholding in Quarter I must send reports on use of documents evidencing PIT withholding to direct supervisory tax authorities, even including those printed internally and issued by tax authorities.

Deadline for submission of reports on use of documents evidencing PIT withholding in Quarter I is April 30.

5. Paying preliminary CIT amounts of Quarter I/2019

Enterprises must make preliminary CIT payments of 1st Quarter of 2019 by April 30 at the latest; enterprises are obliged to pay preliminary tax amounts without having to submit tax declaration forms.

The tax amounts that enterprises need to pay entirely depend on their calculation of the CIT amount in the previous tax year and the projected business income.

Enterprises may pay taxes at local state treasuries or via commercial banks providing state budget collection (tax collection) service.

NOTES: If the deadline falls on April 30 and May 1, both of which are national holidays, tax declarants and payers may be given a deadline extension for submission of tax returns to May 2, 2019 (Pursuant to clause 4 of Article 8 in the Circular No. 156/2013/TT-BTC of the Ministry of Finance); however, in order to avoid being absent-minded, it is advised that enterprises should finish submitting their tax returns before these national holidays. 

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