Tax reporting
Periodic tax reporting
Report by tax type
Support declaration
Monthly tax reporting
Monthly tax reporting deadline
ChatGPT said:
Types of monthly tax reports
1. Value Added Tax (VAT) Declaration
Applicable objects: Enterprises with total revenue of consecutive years ≥ 50 billion VND
Content: Declare input and output VAT of the month
Deadline: No later than the 20th of the following month
2. Personal Income Tax Return (PIT)
Applicable when: Total personal income tax deducted in the month ≥ 50 million VND
Content: Declare tax deducted from employee's salary and wages
Deadline: No later than the 20th of the following month
3. Foreign contractor tax declaration (if applicable)
Applicable when: Enterprises pay to non-resident foreign organizations/individuals
Content: Declaration of VAT and corporate income tax for contractors according to contract
Deadline: Payment due on the 20th of the following month
4. Report on invoice usage (only applicable if still using paper invoices)
Applicable to: Businesses using printed invoices, not yet switching to electronic invoices
Content: Status of issuance, use and cancellation of invoices
Deadline: 20th of next month
From July 1, 2022, most businesses have switched to electronic invoices and no longer have to create BC26/AC, except in special cases.
5. Special tax declarations (if any)
Form: Depends on the type of tax
Applicable to: Enterprises exploiting minerals, producing tobacco, alcohol, gasoline, polluting products...
Deadline: 20th of next month
Monthly tax declaration and submission process
Step 1: Determine the type of tax to declare monthly
Enterprises need to determine whether they are subject to monthly or quarterly tax declaration, based on the revenue of the previous year or the nature of their operations.
Enterprises with total revenue of 50 billion VND or more in the previous year are required to declare value added tax (VAT) and personal income tax (PIT) monthly.
Some special taxes such as contractor tax, environmental protection tax, special consumption tax, resource tax, etc., if incurred, also need to be declared monthly.
Step 2: Collect and check monthly data
Enterprises need to summarize input and output invoices, payroll and personal income tax deductions, contracts with foreign contractors (if any), and the use of paper invoices (if still applicable). Checking accounting documents, VAT invoices, and lists of goods and services is necessary to ensure complete and accurate tax declaration data.
Step 3: Prepare tax declaration on eTax system or HTKK software
Access to electronic tax system hereEnterprises choose the declaration form corresponding to the type of tax to be declared (01/GTGT, 05/KK-TNCN, 01/NTNN, ...), enter the correct data in the form, sign and submit online.
Step 4: Pay taxes (if any obligation arises)
After submitting the declaration, if there is any tax payable, the enterprise shall transfer money via electronic bank or pay directly at the State Treasury. It is necessary to keep tax payment documents (payment orders, electronic receipts) for comparison when needed.
Step 5: Save records and look up results
All tax declarations, electronic declarations, schedules, spreadsheets and payment vouchers must be stored for at least 10 years as prescribed by the Law on Tax Administration. Enterprises should regularly check notifications from tax authorities to promptly supplement if there are any errors.