Filing frequencies for VAT returns in Vietnam

Hi DMS Attorney in Vietnam! Could you advise me about the frequency to declare VAT ? The taxpayer that has just begun his business shall declare VAT quarterly. In the next calendar year after 12 months of business, VAT declarations shall be declared whether monthly or quarterly depending on.

Hi!

Declaring VAT in Vietnam:

VAT declarations shall be declared monthly, except for the cases in Points b, c, and d of this Clause.

Quarterly declaration of VAT:

The taxpayers eligible to declare VAT quarterly:

The taxpayer earns a total revenue of 20 billion VND or less from the sale of goods and/or services in the preceding year.

The taxpayer that has just begun his business shall declare VAT quarterly. In the next calendar year after 12 months of business, VAT declarations shall be declared whether monthly or quarterly depending on the revenue from the sale of goods and/or services in the preceding calendar year (12 months).

Method of determining revenue from sale of goods and services in the preceding year (to determine the eligibility to declare VAT quarterly):

The revenue from sale of goods and services is the total of revenues in the VAT declarations in the calendar year (including taxable and non-taxable revenues).

Where the taxpayer declares tax at the head office on behalf of their affiliates, the revenue from sale of goods and services include the revenues earned by their affiliates.

VAT shall be provisionally declared upon occurrence for construction business, installation, irregular sales, property transfer out-of-province 

VAT on revenues of casual businesspeople shall be declared upon occurrence, using the direct method.

Period of quarterly declaration: VAT shall be declared monthly or quarterly throughout the calendar year and throughout the 3-year period (Clause 2 Article 11, Circular 15/VBHN-BTC dated May 09, 2018).

Related topics:

Responsibility to submit VAT declaration in Vietnam

Conditions for input VAT deduction

Consulting services:

Phone: 0914 165 703 or email: dmslawfirm@gmail.com

The frequency of VAT reporting in Vietnam