Vietnam: Is there a penalty for late submission of đá bóng trực tiếp declarations by 1 day?

What is a đá bóng trực tiếp return?

Based on Clause 7 Article 3 of theđá bóng trực tiếp Administration Law 2019, it is defined as follows:

Explanation of Terms

In this Law, the following terms are understood as follows:

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5. đá bóng trực tiếp identification number is a series of 10 or 13 digits and other characters issued by the đá bóng trực tiếp authority to the taxpayer for đá bóng trực tiếp management purposes.

6. đá bóng trực tiếp period is the duration for determining the amount of đá bóng trực tiếp payable to the state budget as per the đá bóng trực tiếp laws.

7. đá bóng trực tiếp return is a form prescribed by the Minister of Finance, which taxpayers use to declare information to determine the amount of đá bóng trực tiếp payable.

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Thus, according to legal provisions, a đá bóng trực tiếp return is a form prescribed by the Minister of Finance, which taxpayers use to declare information to determine the amount of đá bóng trực tiếp payable.

Vietnam: Is there an administrative penalty for late đá bóng trực tiếp return submission by 1 day?

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

Penalty for violations of đá bóng trực tiếp return submission deadlines

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

2. Fine from 2,000,000 VND to 5,000,000 VND for late submission of đá bóng trực tiếp returns from 01 day to 30 days, except for the case specified in Clause 1 of this Article.

3. Fine from 5,000,000 VND to 8,000,000 VND for late submission of đá bóng trực tiếp returns from 31 days to 60 days.

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

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

b) Late submission of đá bóng trực tiếp returns from 91 days or more without incurring payable đá bóng trực tiếp;

c) Failure to submit đá bóng trực tiếp returns without incurring payable đá bóng trực tiếp;

d) Failure to submit the annexes as required for đá bóng trực tiếp management in relation to enterprises with related party transactions along with the corporate income đá bóng trực tiếp finalization return.

5. Fine from 15,000,000 VND to 25,000,000 VND for late submission of đá bóng trực tiếp returns over 90 days from the deadline, with incurred payable đá bóng trực tiếp, and the taxpayer has fully paid the đá bóng trực tiếp amount and late payment interest to the state budget before the đá bóng trực tiếp authority announces the đá bóng trực tiếp inspection or auditing decision or before the đá bóng trực tiếp authority creates the record of the đá bóng trực tiếp return late submission act as stipulated in Clause 11 Article 143 of the đá bóng trực tiếp Administration Law.

In cases where the fine according to this clause exceeds the payable đá bóng trực tiếp on the đá bóng trực tiếp return, the maximum fine shall equal the payable đá bóng trực tiếp but not less than the average range of fines specified in Clause 4 of this Article.

6. Remedial measures:

a) Mandatory full payment of late đá bóng trực tiếp payment to the state budget for violations specified in Clauses 1, 2, 3, 4, and 5 of this Article if the late đá bóng trực tiếp return submission leads to a delay in đá bóng trực tiếp payment;

b) Mandatory submission of đá bóng trực tiếp returns and accompanying annexes for the acts specified in Points c and d Clause 4 of this Article.

Thus, submitting a đá bóng trực tiếp return 1 day late with mitigating circumstances does not incur an administrative penalty.

Submitting a đá bóng trực tiếp return 1 day late without mitigating circumstances results in a fine for the organization ranging from 2,000,000 VND to 5,000,000 VND.

Note:The aforementioned fines apply to organizations. The fine for individuals is half the fine for organizations.

For taxpayers who are households or businesses, the fine applies as for individuals.

Vietnam: Is there an administrative penalty for late đá bóng trực tiếp return submission by 1 day? (Image from the Internet)

Which đá bóng trực tiếp return form is used for taxes declared and paid monthly or quarterly in Vietnam?

Based on Clause 1 Article 43 of theđá bóng trực tiếp Administration Law 2019, the đá bóng trực tiếp return documentation is regulated as follows:

đá bóng trực tiếp return documentation

1. đá bóng trực tiếp return documentation for taxes declared and paid monthly is a monthly đá bóng trực tiếp return.

2. đá bóng trực tiếp return documentation for taxes declared and paid quarterly is a quarterly đá bóng trực tiếp return.

3. đá bóng trực tiếp return documentation for taxes with an annual đá bóng trực tiếp period includes:

a) Annual đá bóng trực tiếp return documentation including the annual đá bóng trực tiếp return and other relevant documents to determine the payable đá bóng trực tiếp amount;

b) Year-end đá bóng trực tiếp finalization documentation including the annual đá bóng trực tiếp finalization return, annual financial statements, related party transaction declaration; and other relevant documents for đá bóng trực tiếp finalization.

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Thus, the đá bóng trực tiếp return documentation for taxes declared and paid monthly is a monthly đá bóng trực tiếp return, and for quarterly is a quarterly đá bóng trực tiếp return.