Types of tax declarations to be submitted in the second quarter of 2022

1. What tax returns do businesses have to file?

⏩ License tax declaration:

◾ For businesses that do not have a change in the amount of charter capital on the business registration license, they will only make a license tax declaration once and annually bringing the amount of license tax payable to the tax office. The deadline for submission is January 30 of the fiscal year.

◾ Enterprises that have a change in the amount of charter capital on the business registration certificate as the license tax level corresponding to the difference in the amount of license tax payable, the enterprise that has already made a license tax declaration must now make a new declaration and pay tax at the newly changed rate. The new declaration will be the basis for paying license tax in the following years. 

⏩ VAT declaration:

According to Circular No. 151/2014/TT-BTC:

◾ Enterprises submitting quarterly declarations: are newly established enterprises or enterprises with total revenue of the preceding year of 50 billion VND or less.

◾ Enterprises filing monthly tax returns: for businesses with total revenue of the preceding year over VND 50 billion.

⏩ The corporate income tax return must pay 20% of the total profit at the end of the year. Calculate according to the formula: [Total revenue – Total cost] x 20%.

◾ According to the latest regulations in Circular No. 151/2014/TT-BTC, starting from the fourth quarter of 2014, businesses do not have to make a provisional CIT declaration anymore, but only need to calculate the CIT amount, and if any If this provisional amount arises, then bring the money to the tax office to pay.

⏩ Personal income tax return

According to Circular No. 156/2013/TT-BTC:

◾ The objects must submit quarterly PIT declarations: enterprises that declare VAT quarterly or declare VAT on a monthly basis but whose PIT amount to be withheld in either of the following declarations is less than VND 50 million. : 02KK/TNCN or 03KK/TNCN.

◾ Enterprises that submit monthly PIT declarations: are businesses that declare VAT on a monthly basis and have PIT amounts to be withheld in either of the following declarations over VND 50 million: 02KK/TNCN or 03KK/TNCN.

2. Types of declarations and corporate taxes payable in the second quarter of 2022

🔅 VAT declaration for the second quarter of 2022

🔅 PIT declaration for the second quarter of 2022

🔅 Provisional CIT for the second quarter of 2022

🔅 Report on the use of invoices in the second quarter of 2022

Deadline for submission of abstracts: August 1, 2022 (because July 30 and July 31 are Saturdays and Sundays)

3. Extension of deadlines for payment of value-added tax, corporate income tax, and personal income tax in 2022

⏩ According to Decree No. 34/2022/ND-CP which took effect on May 28, 2022, and At the proposal of the Minister of Finance; The Government promulgates a Decree extending the deadline for payment of value-added tax, corporate income tax, personal income tax and land rent in 2022.

⏩ Subjects of application of this Decree include Taxpayers; tax management departments; tax administration officials; other relevant state agencies, organizations, and individuals.

🔰 For value-added tax (except value-added tax at the import stage)

Enterprises and organizations eligible for the extension shall declare and submit monthly and quarterly value-added tax declarations in accordance with current law, but have not yet paid payable value-added tax incurred on the declared value-added tax declaration. The deadline for payment of value-added tax for the month and quarter is extended as follows:

◾ The deadline for paying value-added tax for the March 2022 tax period is October 20, 2022, at the latest.

◾ The deadline for paying value-added tax for the April 2022 tax period is November 20, 2022, at the latest.

◾ The deadline for paying value-added tax for the May 2022 tax period is December 20, 2022, at the latest.

◾ The deadline for paying value-added tax for the June 2022 tax period is December 20, 2022, at the latest.

◾ The deadline for paying value-added tax for the tax period of July 2022 is December 20, 2022, at the latest.

◾ The deadline for paying value-added tax for the August 2022 tax period is December 20, 2022, at the latest.

◾ The deadline for paying value-added tax for the first quarter of 2022 is October 30, 2022, at the latest.

◾ The deadline for paying value-added tax for the tax period of the second quarter of 2022 is December 31, 2022, at the latest.

🔰 For corporate income tax

◾ Extension of the tax payment deadline for the temporarily paid corporate income tax amount of the first quarter and second quarter of the corporate income tax period of 2022 of enterprises and organizations that are the subjects specified in Article 3 of Decree 34. The extension period is 3 months from the end of the deadline for paying corporate income tax as prescribed by law on tax administration. Specifically, the deadline for paying corporate income tax (extension) for the second quarter is October 31, 2022

Businessmen, please refer to Decree No. 43/2022/ND-CP

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