Self-filing personal income tax is an important obligation for those with income from salaries and wages when it comes time for annual tax settlement. However, many people are still confused about identifying who is required to self-filtrate, preparing the necessary documents, and following the correct procedures according to the latest regulations. This article will provide a detailed, step-by-step guide on self-filing personal income tax according to current regulations, helping you to do it correctly, completely, and avoid tax risks.
The importance of individuals self-filing their personal income tax returns.
Self-assessing personal income tax is both a legal obligation and a right for every employee with income from salaries and wages. Tax Administration Law No. 38/2019/QH14 With guidance circulars such as Circular 80/2021/TT-BTC, following the correct procedures not only helps individuals avoid late payment penalties but is also a prerequisite for receiving back overpaid taxes through the tax refund procedure.
In the context of the tax sector's accelerated digital transformation, a thorough understanding of the nature of the tax settlement period is crucial. According to statistics from the General Department of Taxation, the number of individual self-settlement personal income tax returns has grown significantly over the years, demonstrating taxpayers' proactive approach in managing their personal finances and complying with national tax laws.
Understanding the regulations regarding personal deductions, taxable income, and tax exemptions will help you legally optimize your tax payments. Please continue reading the detailed content below to grasp the latest and most accurate roadmap for self-filing personal income tax.
Individuals who are required to and exempt from self-filing personal income tax
Determining whether you are required to file a tax return is the first important step. Not all employees need to perform this procedure in person if they have authorized their income-paying employer to do so in accordance with regulations.
Individuals must settle their tax obligations directly with the tax authorities.
Typically, individuals handle their own tax settlements. personal income tax This is the latest information when there is income from multiple sources or occasional income that has not been fully deducted at source. This ensures that the total actual income for the entire year is accurately calculated based on the progressive tax rate schedule as stipulated by law.
According to Clause 2, Article 44 of the Tax Administration Law, individuals with an additional tax payable exceeding 50,000 VND after final settlement are required to submit a tax return. If you have overpaid taxes and wish to claim a refund or offset it against the next period, the latest personal income tax self-settlement process is mandatory and must be carried out by you personally.
Cases exempt from settlement procedures.
The Ministry of Finance regularly updates policies to reduce administrative procedures for citizens. Individuals who self-declare their personal income tax will be exempt under certain specific conditions, allowing for the concentration of management resources on higher-risk or higher-income individuals.
| Case | Detailed conditions |
| The amount of additional tax paid is low. | The amount of additional tax payable after final settlement is 50,000 VND or less. |
| The tax payable is equal to the tax withheld. | Individuals have a tax liability equal to the amount of tax actually paid in advance during the year. |
| Low current income | Average monthly incidental income not exceeding 10 million VND has been subject to deductions under Article 10%. |
| The full amount has been deducted at source. | Income derived from salary at an organization, and already settled by that organization. |
Latest deadline for individuals to self-declare personal income tax.
The annual tax settlement schedule is usually clearly stipulated in the Tax Administration Law. Individuals who self-settle their personal income tax should pay attention to the following deadlines to avoid violating the regulations on filing deadlines.
Deadline for filing documents showing additional tax payable.
For tax returns involving financial obligations, individuals must complete the latest self-assessment of personal income tax no later than the last day of the fourth month from the end of the calendar year. If the last day falls on a public holiday, the deadline will be extended to the next working day in accordance with legal regulations.
Late submission after this deadline can result in significant administrative penalties, ranging from several million to tens of millions of VND. Therefore, experts from MAN advise you to prepare your latest personal income tax self-assessment documents early to avoid system overload at the last minute.
Deadline for tax refund applications
A notable point is that for cases with overpaid taxes, individuals who self-declare their latest personal income tax return are not under pressure from a fixed deadline. You can submit your return at any time after the end of the fiscal year without fear of penalties. However, to ensure personal liquidity, you should submit early to receive your tax refund quickly.
Documents required for individuals to self-declare personal income tax.
Professionalism in accounting and auditing begins with preparing complete and accurate documentation. An incomplete set of personal income tax return documents will lead to rejection by the tax authorities or the need for complex explanations.
List of basic documents
When filing your personal income tax return, you need to collect the following documents (electronic form is preferred):
- Declaration form 02/QTT-TNCN: The latest declaration form is issued according to Circular 80.
- Tax deduction certificate: Original or electronic documents issued to you by the income-paying entities.
- Income verification letter: This is necessary for individuals who receive income from international organizations or from foreign sources.
Personal deduction and insurance documents
To optimize tax obligations, individuals filing their own personal income tax returns should prepare evidence of deductions. This includes certificates of insurance contributions (social insurance, health insurance), or valid receipts for charitable and humanitarian contributions.
If you are registering new dependents or changing dependents, you need to prepare copies of their birth certificate, citizen identification card, or residence certificate. Being meticulous in this step helps ensure your personal file is properly processed. personal income tax settlement Your most recent data meets the highest reliability standards when the tax authorities conduct a data review.
Personal allowance rates and current tax rates
Understanding the standard figures is fundamental to accurate calculation. Individuals self-filing their personal income tax returns apply the latest deduction levels, which are adjusted to reflect economic fluctuations and actual living standards.
The applicable personal allowance rate
Below is a detailed table of the latest deduction rates for individuals self-filing their personal income tax returns:
| Type of deduction | Deduction amount (VND/month) | Deduction amount (VND/year) |
| For the taxpayer themselves | 11.000.000 | 132.000.000 |
| For each dependent | 4.400.000 | 52.800.000 |
| Insurance premiums | According to actual closing | Based on the total annual contribution amount |
Progressive tax schedule
The latest personal income tax self-assessment is calculated based on taxable income after deducting all legal deductions. The higher the income, the higher the tax rate, progressing through seven brackets (from 5% to 35%). Calculating your own tax return beforehand helps you manage your cash flow and better control your personal income tax filing.
5-Step Process for Individuals to Self-Fix Personal Income Tax Online
The General Department of Taxation's e-Tax portal is currently the most powerful tool available. This process requires absolute accuracy in terms of digital data to ensure seamless integration with the national management system.
Step 1: Log in to the electronic system.
You access the system for individuals and log in using your tax identification number. Currently, individuals who self-declare their personal income tax are encouraged to use their Electronic Identification Account (VNeID) to ensure security and data interoperability, making taxpayer identification faster.
Step 2: Select the tax return form and tax authority.
In the "Tax Settlement" section, select "Online Declaration" and find form 02/QTT-TNCN. A crucial step when individuals self-settle their personal income tax is to correctly identify the tax authority responsible for settlement based on where you last registered for family allowance deductions or your actual place of residence.
Step 3: Enter actual income data
Based on the collected deduction documents, you enter the figures into the corresponding fields on the tax return. The system will automatically perform the calculations. When filing your personal income tax return, you need to carefully check your total income and the amount of tax deducted to avoid errors that could affect the final result.
Step 4: Attach documents and export XML
After completing the data entry, you need to upload scanned copies of tax deduction certificates and insurance invoices. Individuals filing their own personal income tax returns should ensure that the attached files are of appropriate size and have clear images. Then, export the XML file to prepare for the official submission step.
Step 5: Submit the declaration and verify the OTP.
Press the submit button and wait for the OTP code to be sent to your registered phone number. After verification, your latest personal income tax self-assessment file will be sent to the tax authority's system. Don't forget to save the confirmation notification as proof that you have completed your filing obligation.
The latest trends in automated tax refunds and digital transformation.
A breakthrough in tax administration is the automated tax refund process. For individuals who self-declare their personal income tax, if the data between the paying entity and the taxpayer matches on the Big Data system, the tax refund time can be significantly shortened compared to before.
The application of AI and data analytics helps tax authorities quickly detect errors, while also supporting taxpayers in transparently completing their personal income tax returns. The eTax Mobile system is also continuously updated with new features to allow users to easily manage their tax obligations right on their mobile phones.
FAQ – Answers to frequently asked questions about the latest personal income tax self-assessment.
If your income is subject to withholding tax (10%) at source and your total annual income exceeds the personal allowance, you should file your own tax return to claim a refund for the overpaid tax.
You can check your email for notifications from the General Department of Taxation or look up your application status on the electronic tax system. The status "Package received by the tax authority" is proof that your application has been successfully submitted.
Yes, you can register or update dependent information directly in your latest personal income tax self-assessment form to receive deductions based on actual expenses. As a freelancer, do I need to file my own personal income tax return?
How do I know if I have successfully submitted my latest personal income tax self-assessment form?
Can I change my dependents while I'm filing my tax return?
Professional tax consulting services from MAN – Master Accountant Network
The latest personal income tax self-assessment process can be complex if you have multiple sources of income or international earnings. MAN – Master Accountant Network is proud to be a leading provider of in-depth tax consulting and auditing solutions.
MAN's team of experts not only helps you with the numbers but also advises on optimal tax strategies for legal compliance. We work alongside you in reviewing your latest personal income tax self-assessment records, ensuring every detail strictly adheres to Vietnamese accounting standards and tax laws.
If you're looking for a reliable partner to handle your tax refund application or high-income tax settlement advice, MAN is the answer. Our services make the process of self-settling your latest personal income tax simple, fast, and completely secure.
Conclude
Self-filing your personal income tax return is not only a legal responsibility but also a way to protect your financial interests. Staying up-to-date with new regulations and skillfully using digital tools will save you considerable time and effort.
Hopefully, this guide has provided practical value for your latest personal income tax self-assessment process. Don't let the numbers and procedures overwhelm you; contact us today! MAN – Master Accountant Network To receive support from leading experts in auditing and tax accounting services, we are committed to providing the highest level of transparency, accuracy, and efficiency for all our clients.
Service contact information at MAN – Master Accountant Network
- Address: No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City
- Mobile/Zalo: 0903 963 163 – 0903 428 622
- Email: man@man.net.vn
Content production by: Mr. Le Hoang Tuyen – Founder & CEO MAN – Master Accountant Network, Vietnamese CPA Auditor with over 30 years of experience in Accounting, Auditing and Financial Consulting.
