Penalties for Delayed Filing of Latest Tax Profiles According to Decree 125/2020 / ND-CP

Penalty For Delayed Tax Filing In The Latest Government Decree

Penalties for late submission of the latest tax return

According to Article 13 of Decree No. 125/2020 / ND-CP (Penalties for violations of the time limit for submitting tax declaration dossiers), clearly stipulating the fine levels for this behavior as follows:

1. A warning shall be imposed on tax declaration dossiers 1 to 5 days behind schedule (with extenuating circumstances).

2. Submitting tax declaration dossiers 1 to 30 days overdue (except for the case specified in Clause 1 of this Article): A fine of between VND 2 million and 5 million.

3. Submission of tax declaration documents 31 to 60 days behind schedule: A fine of between VND 5 million and VND 8 million.

4. A fine of between VND 8 million and 15 million shall be imposed for:

• Filing tax returns 61 to 90 days behind schedule;
• Filing tax returns 91 days or more behind schedule, but no payable tax incurred;
• No tax filing but no incurring tax;
• Do not submit annexes under regulations on tax administration for enterprises with associated transactions together with the corporate income tax finalization dossier.

5. A fine of between VND 15 million and 25 million shall be imposed for filing a tax return more than 90 days behind schedule (from the date of expiration of the deadline for submission of the tax declaration), when payable tax amounts arise and the payer Taxes that have fully paid tax or late payment interest into the state budget before the tax agency announces the decision on tax examination or inspection or before the tax agency makes a record of late submission of a dossier tax declaration according to the provisions of Clause 11, Article 143 of the Law on Tax Administration.

In case the fine amount applied under this clause is greater than the amount of tax arising on the tax declaration dossier, the maximum fine amount in this case is equal to the amount of tax payable on the tax declaration dossier but not low. than the average level of the fine bracket specified in Clause 4 of this Article.

6. Remedy:

a) Forcible full payment of the late tax payment amount to the state budget, for violations specified in Clauses 1, 2, 3, 4 and 5 of this Article in case taxpayers are late in submitting tax declaration dossiers. leading to late tax payment;

b / Forcible submission of tax declaration dossiers, appendices enclosed with tax declaration dossiers, for acts specified at Points c and d, Clause 4 of this Article.

Thus, from December 5, 2020 - the effective date of Decree 125/2020 / ND-CP, the act of delay in filing a tax return will be many times heavier.

If customers have questions that need answers about tax related information, tax accounting, PIT finalization, TNCD, VAT ... please contact TASCO Tax Agent in the following ways to get private. free consultation.

TASCO TAX AGENCY - THE HIGHEST RESPONSIBILITY FOR ALL SERVICES

 Hotline: 0854862446 - 0975480868 (zalo)

 Website: dailythuetasco.com or dichvutuvandoanhnghiep.vn

Email: cskh.dailythuetasco@gmail.com