VI Is there an extension to submit VAT returns for the second quarter of 2024 and the June 2024 period? When is the deadline to submit a tax return? Through today’s article, let’s learn about this issue with Pham Consult!
Is there an extension to submit VAT returns for the second quarter of 2024 and the June 2024 period? When is the deadline to submit a tax return?
Pursuant to the provisions of Article 44 of the Law on Tax Administration 2019, it is stipulated as follows:
Deadline for submitting tax declaration documents
1. The deadline for submitting tax declaration documents for monthly and quarterly taxes is specified as follows:
a) No later than the 20th day of the month following the month in which tax liability arises in case of monthly declaration and payment;
b) No later than the last day of the first month of the quarter following the quarter in which tax obligations arise in case of quarterly declaration and payment.
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At the same time, Clause 1, Article 4 of Decree 64/2024/ND-CP stipulates as follows:
Extend the deadline for paying taxes and land rent
1. For value added tax (except value added tax at import stage)
a) Extend the tax payment deadline for the arising value-added tax amount to be paid (including the tax amount allocated to other provincial localities where the taxpayer is headquartered, the tax amount paid in installments). arising) of the tax period from May to September 2024 (in case of declaring value-added tax monthly) and the tax period of the second quarter of 2024, third quarter of 2024 (in case of declaring quarterly value-added tax) of enterprises and organizations mentioned in Article 3 of this Decree. The extension period is 05 months for the value added tax amount of May 2024, June 2024 and the second quarter of 2024, the extension period is 04 months for the value added tax amount of July 2024. 2024, the extension period is 03 months for the value added tax amount of August 2024, the extension period is 02 months for the value added tax amount of September 2024 and the third quarter of 2024. Time The extension period at this point is calculated from the end date of the value-added tax payment deadline according to the provisions of law on tax administration.
Enterprises and organizations are eligible to extend the time limit for declaring and submitting monthly and quarterly Value Added Tax Declarations according to current law, but have not yet had to pay the amount of Value Added Tax payable. generated on the declared Value Added Tax Declaration. Monthly and quarterly value-added tax payment deadlines are extended as follows:
The deadline for paying value added tax for the May 2024 tax period is November 20, 2024.
The deadline for paying value added tax for the June 2024 tax period is December 20, 2024.
The deadline for paying value added tax for the July 2024 tax period is December 20, 2024.
The deadline for paying value added tax for the August 2024 tax period is December 20, 2024.
The deadline for paying value added tax for the September 2024 tax period is December 20, 2024.
The deadline for paying value-added tax for the second quarter of 2024 tax period is December 31, 2024.
The deadline for paying value added tax for the third quarter of 2024 tax period is December 31, 2024.
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Thus, based on the above regulations, the deadline for paying VAT can only be extended but not the deadline for submitting VAT returns for June 2024 and Quarter 2/2024. VAT returns must be submitted on time according to regulations.
– Deadlines for submitting VAT tax declarations for June and Quarter 2/2024 are as follows:
+ Deadline for submitting June 2024 VAT declaration is July 20, 2024.
Note: Because July 20, 2024 falls on a holiday, it will be moved to the next working day as prescribed in Article 86 of Circular 80/2021/TT-BTC, i.e. July 22, 2024.
+ Deadline for submitting Quarter 2/2024 VAT declaration is July 31, 2024.
– VAT payment deadline for June and Quarter 2/2024 is extended as follows (except for VAT on import):
+ The deadline for paying value added tax for the June 2024 tax period is December 20, 2024.
+ The deadline for paying value added tax for the second quarter of 2024 tax period is December 31, 2024.
VAT tax declaration form for the second quarter of 2024?
The VAT declaration form for the second quarter of 2024 in the Appendix issued with Circular 80/2021/TT-BTC is as follows:
How much is the penalty for late submission of VAT tax returns in the second quarter of 2024?
Article 13 of Decree 125/2020/ND-CP stipulates penalties for violations of the tax declaration submission deadline as follows:
(1) A warning shall be imposed for submitting tax declarations 1 to 5 days beyond the deadline and there are extenuating circumstances.
(2) Fine from 2,000,000 VND to 5,000,000 VND for submitting tax declaration documents 1 day to 30 days late, except for the case specified in Clause 1, Article 13 of Decree 125/2020/ ND-CP.
(3) Fine from 5,000,000 VND to 8,000,000 VND for submitting tax declaration documents from 31 days to 60 days beyond the prescribed time limit.
(4) Fine from 8,000,000 VND to 15,000,000 VND for one of the following acts:
– Submitting tax declaration documents 61 to 90 days beyond the prescribed time limit.
– Submitting a tax declaration 91 days or more beyond the prescribed time limit but not incurring any tax payable.
– Do not submit a tax declaration but do not incur any tax payable.
– Failure to submit appendices according to regulations on tax administration for enterprises with associated transactions along with corporate income tax finalization dossiers.
(5) Fine from 15,000,000 VND to 25,000,000 VND for submitting tax declaration more than 90 days after the deadline for submitting tax declaration, with tax payable and the person Tax payers have paid the full amount of tax and late payment interest into the state budget before the tax authority announces the tax audit or tax inspection decision or before the tax authority makes a record of the late filing behavior. Tax declaration according to the provisions of Clause 11, Article 143 of the Law on Tax Administration 2019.
(6) Remedial measures:
– Forced to pay the full amount of late tax payment into the state budget for violations specified in Clauses 1, 2, 3, 4 and 5, Article 13 of Decree 125/2020/ND-CP in cases where the person Late tax payment and tax filing lead to late tax payment.
– Compulsory submission of tax declaration dossiers and appendices attached to tax declaration dossiers for actions specified in Points c and d, Clause 4, Article 13 of Decree 125/2020/ND-CP.
Note: The fine level mentioned above is the fine level applicable to organizations. The penalty level for individuals is 1/2 the penalty level for organizations.
– Submitting a tax declaration 91 days or more beyond the prescribed time limit but not incurring any tax payable.
– Do not submit a tax declaration but do not incur any tax payable.
– Failure to submit appendices according to regulations on tax administration for enterprises with associated transactions along with corporate income tax finalization dossiers.
(5) Fine from 15,000,000 VND to 25,000,000 VND for submitting tax declaration more than 90 days after the deadline for submitting tax declaration, with tax payable and the person Tax payers have paid the full amount of tax and late payment interest into the state budget before the tax authority announces the tax audit or tax inspection decision or before the tax authority makes a record of the late filing behavior. Tax declaration according to the provisions of Clause 11, Article 143 of the Law on Tax Administration 2019.
(6) Remedial measures:
– Forced to pay the full amount of late tax payment into the state budget for violations specified in Clauses 1, 2, 3, 4 and 5, Article 13 of Decree 125/2020/ND-CP in cases where the person Late tax payment and tax filing lead to late tax payment.
– Compulsory submission of tax declaration dossiers and appendices attached to tax declaration dossiers for actions specified in Points c and d, Clause 4, Article 13 of Decree 125/2020/ND-CP.
Note: The fine level mentioned above is the fine level applicable to organizations. The penalty level for individuals is 1/2 the penalty level for organizations.
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