xem bóng đá trực tiếp vtv2Are representative offices required to submit VAT declarations in Vietnam?
Are representative offices required to submit VAT declarations in Vietnam?
According to Clause 2, Article 44 xem bóng đá trực tiếp vtv2 theEnterprise Law 2020, a representative office is a dependent unit xem bóng đá trực tiếp vtv2 a business, tasked with representing the business's interests under authorization and protecting those interests. A representative office does not perform the business functions xem bóng đá trực tiếp vtv2 the enterprise.
Based on Article 3 xem bóng đá trực tiếp vtv2 theValue Added Tax Law 2008provisions:
Tax Subjects
Goods and services used for production, business, and consumption in Vietnam are subject to value-added tax, except for those specified in Article 5 xem bóng đá trực tiếp vtv2 this Law.
Additionally, Article 4 xem bóng đá trực tiếp vtv2 theValue Added Tax Law 2008states:
Taxpayers
Value-added taxpayers include organizations and individuals producing, trading goods, and services subject to value-added tax (hereinafter referred to as business establishments), and organizations and individuals importing goods subject to value-added tax (hereinafter referred to as importers).
Moreover,Công trực tiếp bóng đá k+ 10419/CT-TTHT năm 2019 về khai thuế đốion tax declaration for representative offices issued by the Hanoi Tax Department provides guidance as follows:
Based on the above regulations, in the case xem bóng đá trực tiếp vtv2 a company establishing a representative office, the company must register a 13-digit tax code for the representative office as specified in Article 8 xem bóng đá trực tiếp vtv2 Decree 78/2015/ND-CP dated September 14, 2015, xem bóng đá trực tiếp vtv2 the Government xem bóng đá trực tiếp vtv2 Vietnam. The representative office shall declare and pay taxes as follows:
+ License Fee: The representative office shall follow the guidance in Article 2 xem bóng đá trực tiếp vtv2 Circular 302/2016/TT-BTC dated November 15, 2016, xem bóng đá trực tiếp vtv2 the Ministry xem bóng đá trực tiếp vtv2 Finance.
+ Value Added Tax: If the representative office does not directly sell goods and does not generate revenue, the company shall centrally declare at the headquarters according to the guidance in Clause 1, Article 11 xem bóng đá trực tiếp vtv2 Circular 156/2013/TT-BTC dated November 6, 2013, xem bóng đá trực tiếp vtv2 the Ministry xem bóng đá trực tiếp vtv2 Finance.
In cases where the representative office does not directly sell goods and does not generate revenue, the company shall perform centralized declaration at the headquarters.
Thus, a representative office still submits a VAT declaration; if the representative office does not directly sell goods and does not generate revenue, no VAT declaration is required, and tax declaration will be centralized at the headquarters.
Are representative offices required to submit VAT declarations in Vietnam?(Image from the Internet)
When is the deadline for submitting VAT declarations in Vietnam?
Based on Article 44 xem bóng đá trực tiếp vtv2 theTax Administration Law 2019, the deadlines for submitting VAT declarations are specified as follows:
The deadline for filing tax declaration dossiers for taxes declared monthly or quarterly is as follows:
+ No later than the 20th day xem bóng đá trực tiếp vtv2 the month following the month xem bóng đá trực tiếp vtv2 tax obligation arising for monthly declaration and payment;
+ No later than the last day xem bóng đá trực tiếp vtv2 the first month xem bóng đá trực tiếp vtv2 the following quarter for quarterly declaration and payment.
- The deadline for filing tax declaration dossiers for taxes calculated annually is as follows:
+ No later than the last day xem bóng đá trực tiếp vtv2 the third month from the end xem bóng đá trực tiếp vtv2 the calendar year or financial year for year-end tax finalization dossiers; no later than the last day xem bóng đá trực tiếp vtv2 the first month xem bóng đá trực tiếp vtv2 the calendar year or financial year for annual tax declaration dossiers;
+ No later than the last day xem bóng đá trực tiếp vtv2 the fourth month from the end xem bóng đá trực tiếp vtv2 the calendar year for personal income tax finalization dossiers for individuals directly finalizing taxes;
+ No later than December 15 xem bóng đá trực tiếp vtv2 the previous year for tax declaration dossiers xem bóng đá trực tiếp vtv2 business households and individuals paying tax by the assessment method; for new business households and individuals, the deadline for filing assessment tax declaration dossiers is no later than 10 days from the start xem bóng đá trực tiếp vtv2 business.
- The deadline for filing tax declaration dossiers for taxes declared and paid upon each occurrence xem bóng đá trực tiếp vtv2 tax obligation is no later than the 10th day from the date xem bóng đá trực tiếp vtv2 the tax obligation arising.
- The deadline for filing tax declaration dossiers for cessation xem bóng đá trực tiếp vtv2 business, termination xem bóng đá trực tiếp vtv2 contracts, or business reorganization is no later than the 45th day from the occurrence xem bóng đá trực tiếp vtv2 the event.
- the Government xem bóng đá trực tiếp vtv2 Vietnam shall provide regulations on the deadline for filing tax declaration dossiers for agricultural land use tax; non-agricultural land use tax; land levy; land rent, water surface rent; fees for the right to exploit minerals; fees for the right to exploit water resources; registration fee; license fee; amounts collected into the state budget according to regulations on the management and use xem bóng đá trực tiếp vtv2 public assets; and cross-border profit reporting.
- The deadline for filing tax declaration dossiers for exported and imported goods is as stipulated by theLuật Hải trực.
- In cases where taxpayers file their tax declarations electronically on the last day xem bóng đá trực tiếp vtv2 the filing deadline and the tax authority's electronic information portal encounters trouble, taxpayers must file electronic tax returns and documents on the following day once the tax authority's electronic information portal resumes operation.
What are the penalties for late submission xem bóng đá trực tiếp vtv2 VAT declarations in Vietnam?
According to Article 13 xem bóng đá trực tiếp vtv2Decree 125/2020/ND-CP, the penalties for late submission xem bóng đá trực tiếp vtv2 VAT declarations are as follows:
| No. | Penalty | Act |
|---|---|---|
| 1 | Warning | Filing tax declarations late by 1 to 5 days with mitigating circumstances. |
| 2 | Fine from 2 million to 5 million VND | Filing tax declarations late by 1 to 30 days, except for case 1. |
| 3 | Fine from 5 million to 8 million VND | Filing tax declarations late by 31 to 60 days. |
| 4 | Fine from 8 million to 15 million VND | - Filing tax declarations late by 61 to 90 days; - Filing tax declarations late by 91 days or more but no tax payable; - Not filing tax declarations but no tax payable. |
| 5 | Fine from 15 million to 25 million VND | Filing tax declarations late by over 90 days from the due date, having tax payable, and the taxpayer has paid all tax, and late payment into the state budget before the tax authority announces tax inspection, audit, or before the tax authority records the late filing act. |
In addition, taxpayers are subjected to remedial measures requiring them to pay the full amount xem bóng đá trực tiếp vtv2 late tax payment into the state budget if the late filing xem bóng đá trực tiếp vtv2 tax declarations leads to late tax payment.
Note: The above penalty amounts apply only to organizations.
In the case xem bóng đá trực tiếp vtv2 taxpayers as households, business households, and individuals, the penalty amount is 1/2 xem bóng đá trực tiếp vtv2 the penalty amount applicable to organizations.
