How much is the maximum fine for late submission of personal income kết quả bóng đá trực tiếp returns in Vietnam?

How much is the maximum fine for late submission of personal income kết quả bóng đá trực tiếp returns in Vietnam?

Based on Article 13 ofDecree 125/2020/ND-CP, the regulation is as follows:

Penalties for violations of the kết quả bóng đá trực tiếp return submission deadline

1. A warning for late submission of kết quả bóng đá trực tiếp returns from 01 day to 05 days with mitigating circumstances.

2. A fine ranging from VND 2,000,000 to VND 5,000,000 for late submission of kết quả bóng đá trực tiếp returns from 01 day to 30 days, except for the cases specified in Clause 1 of this Article.

3. A fine ranging from VND 5,000,000 to VND 8,000,000 for late submission of kết quả bóng đá trực tiếp returns from 31 days to 60 days.

4. A fine ranging from VND 8,000,000 to VND 15,000,000 for one of the following acts:

a) Late submission of kết quả bóng đá trực tiếp returns from 61 days to 90 days;

b) Late submission of kết quả bóng đá trực tiếp returns over 91 days without any payable kết quả bóng đá trực tiếp arising;

c) Failure to submit kết quả bóng đá trực tiếp returns without any payable kết quả bóng đá trực tiếp arising;

d) Failure to submit appendices as prescribed for kết quả bóng đá trực tiếp management regarding enterprises engaged in related transactions accompanying corporate income kết quả bóng đá trực tiếp finalization returns.

5. A fine ranging from VND 15,000,000 to VND 25,000,000 for the late submission of kết quả bóng đá trực tiếp returns over 90 days from the deadline, when there is an arising amount of payable kết quả bóng đá trực tiếp and the taxpayer has fully paid the kết quả bóng đá trực tiếp amount, late payment interest to the state budget before the kết quả bóng đá trực tiếp authority announces the kết quả bóng đá trực tiếp inspection, kết quả bóng đá trực tiếp audit decision or before the kết quả bóng đá trực tiếp authority makes a record of the late kết quả bóng đá trực tiếp return submission act according to Clause 11 Article 143 of the Law on kết quả bóng đá trực tiếp Administration.

In the case where the fine amount as prescribed in this clause is greater than the arising kết quả bóng đá trực tiếp amount in the kết quả bóng đá trực tiếp return file, the maximum fine for this case shall be equal to the arising kết quả bóng đá trực tiếp amount but not less than the median level of the fine range specified in Clause 4 of this Article.

6. Remedial measures:

a) Compulsorily pay the late payment interest into the state budget for violations specified in Clauses 1, 2, 3, 4, and 5 of this Article if the taxpayer delays submitting the kết quả bóng đá trực tiếp returns leading to late kết quả bóng đá trực tiếp payments;

b) Compulsorily submit the kết quả bóng đá trực tiếp returns, appendices accompanying kết quả bóng đá trực tiếp returns for violations specified at points c, d of Clause 4 of this Article.

Depending on the length of delay in submitting the kết quả bóng đá trực tiếp returns, the administrative penalty level will be determined according to the law's regulations. The fine can be up to VND 25,000,000.

Additionally, the taxpayer will also be required to pay the late payment interest into the state budget.

Note:The above fine applies to organizations. The penalty for individuals is 1/2 the penalty for organizations.

How much is the maximum fine for late submission of personal income kết quả bóng đá trực tiếp returns in Vietnam?(Image from the Internet)

What are the deadlines for submitting monthly and quarterly personal income kết quả bóng đá trực tiếp returns in Vietnam?

According to Article 8 ofDecree 126/2020/ND-CPon types of taxes declared monthly, quarterly, annually, on an ad-hoc basis, and for kết quả bóng đá trực tiếp finalizations, the regulation is as follows:

Types of taxes declared monthly, quarterly, annually, on an ad-hoc basis, and for kết quả bóng đá trực tiếp finalizations

1. Types of taxes and other state budget revenues managed by kết quả bóng đá trực tiếp authorities that are declared monthly include:

a) Value-added kết quả bóng đá trực tiếp, personal income kết quả bóng đá trực tiếp. In cases where the taxpayer meets the criteria specified in Article 9 of this Decree, they may choose to declare quarterly.

....

2. Types of taxes and other state budget revenues declared quarterly include:

......

b) Value-added kết quả bóng đá trực tiếp, corporate income kết quả bóng đá trực tiếp, personal income kết quả bóng đá trực tiếp for credit institutions or third parties authorized by credit institutions to explore secured assets during the waiting period for processing on behalf of the taxpayer with secured assets.

.....

According to Article 44 of theLaw on kết quả bóng đá trực tiếp Administration 2019on deadlines for submitting kết quả bóng đá trực tiếp returns, the regulation is as follows:

Deadlines for submitting kết quả bóng đá trực tiếp returns

1. The deadline for submitting kết quả bóng đá trực tiếp returns for types of taxes declared monthly, quarterly is as follows:

a) No later than the 20th day of the following month for kết quả bóng đá trực tiếp obligations arising in the case of monthly declarations and payments;

b) No later than the last day of the first month of the following quarter for kết quả bóng đá trực tiếp obligations arising in the case of quarterly declarations and payments.

...

Thus, the deadlines for submitting monthly and quarterly personal income kết quả bóng đá trực tiếp returns are determined as follows:

- For monthly kết quả bóng đá trực tiếp declarations: No later than the 20th day of the following month for kết quả bóng đá trực tiếp obligations arising.

- For quarterly kết quả bóng đá trực tiếp declarations, if meeting the criteria for quarterly kết quả bóng đá trực tiếp declaration: No later than the last day of the first month of the following quarter for kết quả bóng đá trực tiếp obligations arising.

Vietnam: Do individuals have to declare personal income kết quả bóng đá trực tiếp if there is no kết quả bóng đá trực tiếp payable?

According to Section 2 ofOfficial Dispatch 2393/TCT-DNNCN 2021of the General kết quả bóng đá trực tiếp Department, the guideline is as follows:

Regarding the declaration of personal income kết quả bóng đá trực tiếp by organizations and individuals without taxable income

- According to Clause 6, Article 1 of the Law amending and supplementing certain articles of the Law on Personal Income kết quả bóng đá trực tiếp dated November 22, 2012, it is regulated:

“6. Article 24 is amended and supplemented as follows:

“Article 24. Responsibilities of organizations, individuals paying income, and responsibilities of individual taxpayers who are residents

1. Responsibilities to declare, withhold, pay taxes, and finalize taxes are regulated as follows:

a) Organizations and individuals paying income are responsible for declaring, withholding, paying taxes into the state budget, and finalizing taxes concerning taxable income paid to taxpayers;

…”

- According to point 9.9, Clause 9, Appendix I - List of kết quả bóng đá trực tiếp declaration dossiers issued with Decree No. 126/2020/ND-CP of the Government of Vietnam dated October 19, 2020, it is regulated:

“9.9. kết quả bóng đá trực tiếp declaration dossiers for organizations and individuals paying income withholding kết quả bóng đá trực tiếp on wages and salaries

a) Monthly, quarterly kết quả bóng đá trực tiếp declaration dossiers

Personal income kết quả bóng đá trực tiếp declaration form (applied to organizations and individuals paying wages and salaries) form No. 05/KK-TNCN.”

Based on the above regulations, only in the case where organizations and individuals have taxable income payment arise will they be required to declare personal income kết quả bóng đá trực tiếp. Therefore, if organizations and individuals do not have taxable income payment arising in a particular month/quarter, they do not need to declare personal income kết quả bóng đá trực tiếp for that month/quarter.