How much is the fine for submitting trực tiếp bóng đá k+ returns more than 90 days after expiration of the prescribed time limits in Vietnam?
How much is the fine for submitting trực tiếp bóng đá k+ returns more than 90 days after expiration of the prescribed time limits in Vietnam?
Pursuant to the provisions of Article 13 ofDecree 125/2020/ND-CPon sanctions for late submission of trực tiếp bóng đá k+ returns, the fines and remedial measures are as follows:
Sanctions for violations of trực tiếp bóng đá k+ returnsubmission deadlines
1. A warning will be issued for submitting trực tiếp bóng đá k+ returns 1 to 5 days late, provided there are mitigating circumstances.
2. A fine of 2,000,000 VND to 5,000,000 VND will be imposed for submitting trực tiếp bóng đá k+ returns 1 to 30 days late, except as specified in Clause 1 of this Article.
3. A fine of 5,000,000 VND to 8,000,000 VND will be imposed for submitting trực tiếp bóng đá k+ returns 31 to 60 days late.
4. A fine of 8,000,000 VND to 15,000,000 VND will be imposed for the following acts:
a) Submitting trực tiếp bóng đá k+ returns 61 to 90 days late;
b) Submitting trực tiếp bóng đá k+ returns more than 91 days late without incurring trực tiếp bóng đá k+ payable;
c) Failing to submit trực tiếp bóng đá k+ returns without incurring trực tiếp bóng đá k+ payable;
d) Failing to submit annexes according to trực tiếp bóng đá k+ management regulations for affiliated enterprises with trực tiếp bóng đá k+ finalization files.
5. A fine of 15,000,000 VND to 25,000,000 VND will be imposed for submitting trực tiếp bóng đá k+ returns more than 90 days late from the deadline, with trực tiếp bóng đá k+ payable, if the taxpayer has paid the full amount of trực tiếp bóng đá k+ and late payment interest prior to the trực tiếp bóng đá k+ authority's announcement of trực tiếp bóng đá k+ inspection or audit decisions, or prior to the trực tiếp bóng đá k+ authority documenting the late submission.
If the fine under this clause exceeds the trực tiếp bóng đá k+ amount on the trực tiếp bóng đá k+ return, the maximum fine will be equivalent to the trực tiếp bóng đá k+ amount but not lower than the average level of the fine bracket specified in Clause 4 of this Article.
6. Measures to remedy consequences:
a) The taxpayer must pay the full amount of late payment interest to the state budget for violations specified in Clauses 1, 2, 3, 4, and 5 of this Article if late submission of trực tiếp bóng đá k+ returns causes delayed trực tiếp bóng đá k+ payment;
b) The taxpayer must submit trực tiếp bóng đá k+ returns and annexes as specified in points c and d of Clause 4 of this Article.
For submitting trực tiếp bóng đá k+ returns more than 90 days after expiration of the prescribed time limits, the penalties are as follows:
A fine of 8,000,000 VND to 15,000,000 VND will be imposed for submitting trực tiếp bóng đá k+ returns more than 91 days late without any trực tiếp bóng đá k+ payable;
A fine of 15,000,000 VND to 25,000,000 VND will be imposed for submitting trực tiếp bóng đá k+ returns more than 90 days late from the deadline, with trực tiếp bóng đá k+ payable, provided the taxpayer has paid the full amount of trực tiếp bóng đá k+ and late payment interest to the state budget prior to the trực tiếp bóng đá k+ authority's decision announcement or documentation on late submission as stipulated.
If the fine under this clause exceeds the trực tiếp bóng đá k+ amount on the trực tiếp bóng đá k+ return, the maximum fine will be equivalent to the trực tiếp bóng đá k+ amount but not lower than the average level of the fine bracket specified in Clause 4, Article 13 ofDecree 125/2020/ND-CP.
Additionally, remedial measures include paying the full amount of late payment interest to the state budget in case of late submission of trực tiếp bóng đá k+ returns leading to delayed trực tiếp bóng đá k+ payment.
How much is the fine forsubmitting trực tiếp bóng đá k+ returns more than 90 days after expiration of the prescribed time limits in Vietnam? (Image from the Internet)
How to calculatelate payment interestdue to late submission of trực tiếp bóng đá k+ returns in Vietnam?
According to Article 59, Clause 2 of theLaw on trực tiếp bóng đá k+ Administration 2019, the method of calculating interest on late trực tiếp bóng đá k+ payments is as follows:
Handling Late Payment of trực tiếp bóng đá k+
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2. The interest rate and interest calculation period are as follows:
a) The interest rate for late payment is 0.03% per day on the amount of trực tiếp bóng đá k+ payable;
b) The calculation period for late payment interest is from the day after the due date until the day before the full payment is made to the state budget.
The interest for one day of late payment is calculated as follows:
Late payment interest for 1 day = 0.03% x Amount of trực tiếp bóng đá k+ payable
What are the submission deadlines for monthly and quarterly trực tiếp bóng đá k+ return in Vietnam?
Pursuant to Article 8 ofDecree 126/2020/ND-CP, on the types of trực tiếp bóng đá k+ return by month, quarter, year, by each occurrence of trực tiếp bóng đá k+ obligation, and trực tiếp bóng đá k+ finalization, the regulations are as follows:
Types of trực tiếp bóng đá k+ return by Month, Quarter, Year, Each Occurrence of trực tiếp bóng đá k+ Obligation, and trực tiếp bóng đá k+ Finalization
1. Types of taxes and other state budget revenues under trực tiếp bóng đá k+ administration declared monthly include:
a) Value-added trực tiếp bóng đá k+, personal income trực tiếp bóng đá k+. In cases where taxpayers meet certain criteria specified in Article 9 of this Decree, they may choose to declare quarterly.
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2. Types of taxes and other state budget revenues declared quarterly include:
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b) Value-added trực tiếp bóng đá k+, corporate income trực tiếp bóng đá k+, personal income trực tiếp bóng đá k+ for credit institutions or third parties authorized by credit institutions to manage secure assets while awaiting handling declared on behalf of taxpayers with secure assets.
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According to Article 44 of theLaw on trực tiếp bóng đá k+ Administration 2019on the deadlines for submission of trực tiếp bóng đá k+ returns, the deadlines are specified as follows:
Deadlines for Submission of trực tiếp bóng đá k+ returns
1. The deadlines for submitting trực tiếp bóng đá k+ returns for monthly and quarterly declarations are as follows:
a) No later than the 20th day of the following month for monthly declarations;
b) No later than the last day of the first month of the following quarter for quarterly declarations.
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Thus, the deadlines for monthly and quarterly trực tiếp bóng đá k+ return submissions are as follows:
- For monthly trực tiếp bóng đá k+ returns: No later than the 20th day of the following month.
- For quarterly trực tiếp bóng đá k+ returns (if meeting criteria for quarterly declarations): No later than the last day of the first month of the following quarter.
