Tax declaration is a cornerstone of financial management, ensuring companies adhere to Vietnam’s tax laws and regulations. In short, this involves preparing and filing tax returns accurately and on time to avoid penalties. This ensures compliance with the designed tax schedule.
Moreover, understanding Vietnam’s tax compliance requirements is crucial for businesses. Adhering to submission deadlines for annual and quarterly reports is essential. Particularly, it is important in Vietnam’s dynamic market. Failure to comply can result in significant financial consequences.
In this article, PLF provides clear and concise information on tax schedule management and dossier preparation tailored specifically for businesses in Vietnam.
Vietnam Tax Calendar and Dossier Preparation Checklist:
Month |
Deadline |
Semi-annualy / annualy(*)(**)(***) |
Quarterly (*)(***) |
Monthly (**) |
January |
09/01 | Investment Report Quarter IV | Investment Report Quarter IV | |
| 20/01 | VAT declaration – December | |||
| PIT withholding Declaration (if any) – December | ||||
| 30/01 | VAT declaration Quarter IV | |||
| PIT declaration Quarter IV (if any) | ||||
| Payment of provisional CIT for Quarter IV (if any) | Payment of provisional CIT for Quarter IV (if any) | |||
| Invoice usage situation report in Quarter IV (if any) | Invoice usage situation report in Quarter IV(if any) | |||
| Paying license tax | Paying license tax | |||
February |
09/02 | Annual investment supervision report | ||
| 20/02 | VAT declaration – January | |||
| PIT withholding Declaration (if any) – January | ||||
March |
20/03 | VAT declaration – February | ||
| PIT withholding Declaration (if any) – February | ||||
| 31/03 | Annual Investment Report | |||
| Annual CIT finalization | ||||
| Annual PIT finalization | ||||
| Annual financial statement/ Audit report (if any) | ||||
| April | 09/04 | Investment report Quarter I | Investment report Quarter I | |
| 20/04 | VAT declaration – March | |||
| PIT withholding Declaration (if any) – March | ||||
| 30/04 | VAT declaration Quarter I | |||
| PIT declaration Quarter I (if any) | ||||
| Payment of provisional CIT for Quarter I (if any) | Payment of provisional CIT for Quarter I (if any) | |||
| Invoice usage situation report in Quarter I (if any) | Invoice usage situation report in Quarter I(if any) | |||
| May | 20/05 | Financial statements for the previous year – Department of Statistic | VAT declaration – April | |
| PIT withholding Declaration (if any) – April | ||||
| June | 04/06 | Semi-annual Employment situation report |
||
| 20/06 | VAT declaration – May | |||
| PIT withholding Declaration (if any) – May | ||||
| July | 09/07 | Semi-annual investment supervision report | Investment Report Quarter II | Investment Report Quarter II |
| 20/07 | VAT declaration – June | |||
| PIT withholding Declaration (if any) – June | ||||
| 30/07 | VAT declaration Quarter II | |||
| PIT declaration Quarter II (if any) | ||||
| Payment of provisional CIT for Quarter II (if any) | Payment of provisional CIT for quarter II (if any | |||
| Invoice usage situation report in Quarter II (if any) | Invoice usage situation report in Quarter II( if any) | |||
August |
20/08 | VAT declaration – July | ||
| PIT withholding Declaration (if any) – July | ||||
September |
20/09 | VAT declaration – August | ||
| PIT withholding Declaration (if any) – August | ||||
October |
09/10 | Investment Report Quarter III | Investment Report Quarter III | |
| 20/10 | VAT declaration – September | |||
| PIT withholding Declaration (if any) – September | ||||
| 30/10 | VAT declaration Quarter III | |||
| PIT declaration Quarter III (if any) | ||||
| Payment of provisional CIT for Quarter III (if any) | Payment of provisional CIT for Quarter III (if any) | |||
| Invoice usage situation report in Quarter III (if any) | Invoice usage situation report in Quarter III (if any) | |||
November |
20/11 | VAT declaration – October | ||
| PIT withholding Declaration (if any) – October | ||||
December |
04/12 | Labor report in the previous year | ||
| 20/12 | VAT declaration – November | |||
| PIT withholding Declaration (if any) – November | ||||
| 31/12 | Country by country report (The taxpayer is the ultimate parent company in Vietnam with global consolidated revenue in the tax period of VND 18,000 billion or more. The deadline for submitting the Report to the Tax Authority is 12 months after the end of the fiscal year of the ultimate parent company.) |
PLF Law Firm: Comprehensive Tax Solutions for Doing Business in Vietnam
By partnering with PLF, you can ensure timely and accurate tax declarations for your business in Vietnam. Subsequently, our expert team will guide you step-by-step through the complexities of quarterly, monthly, and annual tax submission deadlines. Even so, this comprehensive guidance empowers businesses to optimize their operations by effectively managing their tax schedule. It allows the business to focus on expanding its business.
Let PLF be your Corporate & Tax Advisory. At PLF, we provide professional, cost-effective solutions tailored to your specific needs. Hence, our comprehensive approach ensures a solid Accounting & Tax strategy for your business in Vietnam.
Discover our expertise. Learn more about our team of legal professionals on our “PLF Team” page. On the other hand, for deep insights into Corporate & Tax Advisory in Vietnam, explore our legal articles, particularly those focused on tax schedules and compliance strategies.
Contact PLF Law Firm today via email at inquiry@plf.vn or +84913 902 906 to receive a free 30-Initial Minute Consultation.
More information about tax in Vietnam: General Department Of Taxation – Ministry Of Finance
