What are guidelines on CIT kết quả bóng đá trực tiếp declaration for a branch with dependent accounting in a different province in Vietnam in 2025?

What are guidelines on CIT kết quả bóng đá trực tiếp declaration for a branch with dependent accounting in a different province in Vietnam in 2025?

According toOfficial Dispatch 59245/CTHN-TTHT in 2023which guides kết quả bóng đá trực tiếp declaration for branches with dependent accounting in a different province as follows:

- Based on point d, clause 2, Article 11 ofDecree 126/2020/ND-CP:

Location for filing kết quả bóng đá trực tiếp returns

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2. The location for filing kết quả bóng đá trực tiếp returns for taxpayers with activities and business in multiple provincial areas other than where their headquarters is located, as per point b, clause 4, Article 45 of the Law on kết quả bóng đá trực tiếp Administration, shall be at the kết quả bóng đá trực tiếp authority managing their headquarters. Furthermore, the taxpayer must submit a kết quả bóng đá trực tiếp allocation table (if any) for each province entitled to state budget revenue (including dependent units and business locations) to the kết quả bóng đá trực tiếp authority managing the headquarters, except in some cases where the kết quả bóng đá trực tiếp allocation table is not required.

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d) Corporate income kết quả bóng đá trực tiếp (CIT) of dependent units or business locations with income enjoying CIT incentives. The taxpayer must separately determine the CIT to be paid for activities enjoying incentives with the kết quả bóng đá trực tiếp authority managing the location of the dependent unit or business location and must not allocate it to other dependent units or business locations of the taxpayer.

- As stated in clauses 1, 2, and 4, Article 12 ofCircular 80/2021/TT BTCwhich stipulates the allocation of kết quả bóng đá trực tiếp obligations for taxpayers with centralized accounting having dependent units or business locations in a different province from their headquarters:

Allocation of kết quả bóng đá trực tiếp obligations for taxpayers with centralized accounting having dependent units or business locations in a different province

1. Taxpayers with activities and business in multiple provincial areas other than where their headquarters is, perform centralized accounting at the headquarters per clauses 2 and 4, Article 11 of Decree No. 126/2020/ND-CP, and conduct kết quả bóng đá trực tiếp declaration, calculation, and file kết quả bóng đá trực tiếp returns to the directly managing kết quả bóng đá trực tiếp authority, and allocate the amount of kết quả bóng đá trực tiếp payable to each province where the business activities take place.

2. Cases for allocation, allocation methods, kết quả bóng đá trực tiếp declaration, kết quả bóng đá trực tiếp calculation, and kết quả bóng đá trực tiếp settlement for allocated taxes are implemented as stipulated in Articles 13, 14, 15, 16, 17, 18, and 19 of this Circular.

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4. Taxpayers base on the kết quả bóng đá trực tiếp payable to each province benefitting from the revenue allocation to prepare payment documents and deposit the money into the state budget. The State Treasury receiving the state budget payment documents of the taxpayer posts the revenue to each locality receiving the allocated revenue.

Based on the above regulations, in the case where a company branch is a production facility, the branch is subject to CIT allocation as guided at point c, clause 2, Article 17 ofCircular 80/2021/TT BTC:

The CIT payable in each province with a production facility is calculated as the CIT payable from production and business activities multiplied by the percentage (%) cost of each production facility over the total cost of the taxpayer (excluding costs from activities enjoying CIT incentives).

Note: Costs used to determine the allocation ratio are the actual costs incurred during the kết quả bóng đá trực tiếp period.

- The CIT payable from production and business activities does not include the CIT payable for activities enjoying CIT incentives.

- The CIT payable from activities enjoying incentives is determined based on the business results of the activities receiving the incentives and the level of incentives enjoyed.

What are guidelines on CIT kết quả bóng đá trực tiếp declaration for a branch with dependent accounting in a different province in Vietnamin 2025? (Image from the Internet)

How is CIT declaration and finalization done for a branch with dependent accounting in a different province in Vietnam?

According toOfficial Dispatch 59245/CTHN-TTHT in 2023guiding kết quả bóng đá trực tiếp declaration for a branch with dependent accounting in a different province as follows:

Taxpayers declare CIT finalization for all production and business activities according to Form 03/TNDN, submit an appendix on the allocation of CIT payable to localities entitled to revenue for the production facility according to Form 03-8/TNDN regulated at Appendix II issued withCircular 80/2021/TT-BTCto the directly managing kết quả bóng đá trực tiếp authority.

In addition, they must pay the allocated kết quả bóng đá trực tiếp amount for each province where there is a production facility as regulated in clause 4, Article 12 ofCircular 80/2021/TT BTC, specifically:

4. Taxpayers base on the kết quả bóng đá trực tiếp payable to each province benefitting from the revenue allocation to prepare payment documents and deposit money into the state budget. The State Treasury receiving the state budget payment documents of the taxpayer posts the revenue to each locality receiving the allocated revenue.

For activities receiving CIT incentives, taxpayers declare and perform CIT finalization according to Form 03/TNDN as regulated at Appendix II issued withCircular 80/2021/TT-BTCat the directly managing kết quả bóng đá trực tiếp authority. They determine the CIT payable for the activities enjoying CIT incentives according to Forms 03-3A/TNDN, 03-3B/TNDN, 03-3C/TNDN, 03-3D/TNDN regulated at Appendix II issued withCircular 80/2021/TT-BTCand pay at the kết quả bóng đá trực tiếp authority where the unit enjoying the incentive is located in a different province and the directly managing kết quả bóng đá trực tiếp authority.

In the case where the kết quả bóng đá trực tiếp already paid quarterly is less than the kết quả bóng đá trực tiếp payable allocated for each province according to the kết quả bóng đá trực tiếp finalization, the taxpayer must pay the remaining kết quả bóng đá trực tiếp amount for each province.

If the quarterly kết quả bóng đá trực tiếp already paid is more than the kết quả bóng đá trực tiếp allocated for each province, it is considered overpaid kết quả bóng đá trực tiếp and is handled as regulated in Article 60 ofLaw on kết quả bóng đá trực tiếp Administration 2019and Article 25 ofCircular 80/2021/TT BTC.

How to handle overpaid CIT in Vietnam?

The handling of overpaid CIT is regulated in Article 60 ofLaw on kết quả bóng đá trực tiếp Administration 2019as follows:

- Taxpayers who have paid more kết quả bóng đá trực tiếp than the kết quả bóng đá trực tiếp amount, late payment interest, and fines are entitled to offset the overpaid kết quả bóng đá trực tiếp against any outstanding kết quả bóng đá trực tiếp or against the payable kết quả bóng đá trực tiếp amount in the next kết quả bóng đá trực tiếp payment or receive a refund for overpaid kết quả bóng đá trực tiếp when the taxpayer is no longer in kết quả bóng đá trực tiếp debt.

In the event that the taxpayer requests to offset the overpaid kết quả bóng đá trực tiếp against any outstanding kết quả bóng đá trực tiếp, no late payment interest shall be calculated corresponding to the offset amount from the date of the overpayment to the date the kết quả bóng đá trực tiếp authority completes the offset.

- If the taxpayer requests a refund of the overpaid kết quả bóng đá trực tiếp, the kết quả bóng đá trực tiếp authority must issue a decision to refund the overpaid kết quả bóng đá trực tiếp or have a written response clearly stating the reason for not refunding within 5 working days from the date of receipt of the refund request.

- Overpaid kết quả bóng đá trực tiếp is not refunded, and the kết quả bóng đá trực tiếp authority performs liquidation of the overpaid kết quả bóng đá trực tiếp amount in the accounting records and electronic data system in the following cases:

+ The kết quả bóng đá trực tiếp authority has notified the taxpayer of the eligible overpaid kết quả bóng đá trực tiếp refund, but the taxpayer refuses to accept the overpaid amount in writing;

+ The taxpayer is not operating at the address registered with the kết quả bóng đá trực tiếp authority and has been notified by the kết quả bóng đá trực tiếp authority about the overpaid amount via public media. If after one year from the notification date the taxpayer does not respond with a request in writing for a kết quả bóng đá trực tiếp refund, late payment interest, or penalty refund, the overpaid amount is not refunded;

+ The overpayment exceeds a period of 10 years from the date of payment into the state budget, without the taxpayer offsetting kết quả bóng đá trực tiếp obligations or requesting a kết quả bóng đá trực tiếp refund.

- In cases where the taxpayer is not operating at the registered business address, with overpaid kết quả bóng đá trực tiếp and outstanding kết quả bóng đá trực tiếp, the kết quả bóng đá trực tiếp authority shall offset the overpaid kết quả bóng đá trực tiếp against the outstanding kết quả bóng đá trực tiếp.