Quarterly tax record has been supplemented by the Tax Administration Law, revised 2012.
Accordingly, the record includes:
– Quarterly declaration
– Declaration bill of goods and services sold (if applicable)
– Declaration of receipt of goods and services purchased (if any)
– Documents related to the amount of tax payable.
Deadline for quarterly tax declaration and payment are prescribed in this Law.
Particularly for non-agricultural land tax and land rental shall be applied in accordance with the provisions of the tax for non-agricultural land and land rental.
Cases where late payment within 90 days, the applicant will have to pay the progressive rate of 0.05% / day on the amount of late tax payment.
More than 90 days, the penalty will increase to 0.07% per day of delay beyond 90 days.
The amended tax administration law 21/2012/QH13 will take effect from July 1st 2013
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