Taxation is a relatively complex field, requiring accountants to keep up to date with the provisions of the law. Hong Bang Law Firm has many employees who are experts with many years of experience in the tax field. Our tax declaration services for businesses are always trusted and appreciated by customers. Using Hong Bang’s tax declaration service will help businesses maximize costs and high efficiency for businesses.

Legal basis 

• Tax Administration Law 2019
• Decree No. 126/2020/ND-CP dated October 19, 2020 of the Government detailing a number of articles of the Law on Tax Administration
• Other guiding documents of the law

Types of corporate tax reports to declare

According to the provisions of law, enterprises must declare the following information according to tax declarations to determine the amount of tax payable. Tax returns that businesses must pay in a specific year are as follows:

• Value-added tax (VAT) declaration
• Corporate income tax (CIT) finalization declaration
• Personal income tax declaration (PIT), specifically: PIT withholding declaration (monthly or quarterly) and PIT finalization declaration (yearly);
• Report on the use of invoices;
• License fee declaration;
• Annual financial reports;
• Types of specific tax declarations if the business has other activities such as special consumption tax, natural resource tax, import and export tax…

Deadline for filing tax returns

Time limit for enterprises to submit VAT declarations and withhold personal income tax

If the enterprise is in the case of quarterly declaration and payment, the time limit is as follows:

• Quarter I: the deadline for submission is April 30
• Quarter II: the deadline for submission is July 31
• Quarter III: the deadline for submission is October 31
• Quarter IV: the deadline for submission is January 31 of the following year

If the enterprise is in the case of monthly declaration and payment, the time limit is as follows:

No later than the 20th of the following month

Time limit for enterprises to submit reports on the use of invoices

If an enterprise that uses self-printed or ordered invoices commits a violation against using self-printed or ordered invoices, the enterprise with high tax risk is eligible to purchase invoices from the tax authority under the decision of the tax authority. of the tax authority, the report shall be submitted monthly with the following deadlines:

• No later than the 20th of the following month

For the remaining businesses, the payment is quarterly

• Quarter I: no later than April 30
• Quarter II: the latest payment deadline is July 30
• Quarter III: the deadline for submission is October 30th
• Quarter IV: the deadline for submission is January 30 of the following year

Deadline for submission of annual financial statements

Even if the company does not have any business activities, it is still required to prepare and submit annual financial statements. The deadline for submission is the last day of the 3rd month from the end of the calendar year or fiscal year.

Deadline for submitting license tax returns

License fee payers (except business households, business individuals) newly established (including small and medium-sized enterprises transferred from household businesses) or have established additional dependent units, business locations or commencing production and business activities shall submit license fee declaration dossiers no later than January 30 of the year following the year of establishment or start of production and business activities.

In case there is a change in the capital during the year, the license fee payer shall submit the license fee declaration dossier no later than January 30 of the year following the year in which the change information arises.

Tax declaration service of Hong Bang Law Firm

Hong Bang Law Firm is a partner providing tax solutions for businesses. The company provides the following services:

• Initial tax consulting and declaration services;
• Monthly tax declaration service;
• Quarterly tax declaration service;
• Tax declaration service according to the time of arising;
• Preparation and declaration of year-end financial statements;
• Service of personal income tax finalization;
• Contractor tax declaration service;
• Year-by-year tax declaration services: Reasonable cost and fully integrated with all tax declaration activities of the business, completing books and documents, closing the business transfer book;
• Tax declaration services at the request of businesses.

If you need advice, more detailed answers as well as how to access this service, please contact directly the Deputy Director in charge of business: Lawyer Nhat Nam via hotline: 0912.35.65.75, or call our free legal consultation hotline: 1900.6575 and send an email to lienheluathongbang@gmail.com