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
Prepared by: Thi-Ha Nguyen, ACCA | DMS Law firm in Vietnam Director (Signed) Lawyer Do Minh Son |
RELATING ITEMS
Fulfillment of tax liability before exiting Vietnam
03 Jul, 2020// Group: LAW ON ACCOUNTING AND TAXESLawyers in Danang, Vietnam advise about responsibility to settle tax before leaving Vietnam
Are VAT invoices required for exported goods, services ?
27 May, 2020// Group: LAW ON ACCOUNTING AND TAXESA company shall use VAT invoices for its sales of goods in Vietnam (domestic sales) and not use VAT invoices for exportation
Bonus, rewards given to employees in Vietnam
27 May, 2020// Group: LAW ON ACCOUNTING AND TAXESSalaries, bonuses, life insurance for employees for which the conditions for entitlement and rates of entitlement are not specified in
Related party transactions and transfer pricing in Vietnam
26 May, 2020// Group: LAW ON ACCOUNTING AND TAXESLawyers in Vietnam advise about setting up a representative office in Vietnam
Dutiable objects and declaration of import, export duties in Vietnam
26 May, 2020// Group: LAW ON ACCOUNTING AND TAXESThe declaration of duties on imported, exported goods shall be implemented upon occurrence