Announcing list of periodical tax reports

VCN - The Ministry of Finance has just issued Decision 1421/QD-BTC on the announcement of the list of periodical tax reports under the ministry’s management.
PIT revenue reaches 74.5% of estimate PIT revenue reaches 74.5% of estimate
More than 57,000 electronic records of administrative violations have been made with tax dossiers More than 57,000 electronic records of administrative violations have been made with tax dossiers
Imported goods will be subject to tax exemption if eligible Imported goods will be subject to tax exemption if eligible
Announcing list of periodical tax reports
Operation at Thai Nguyen Tax Department. Photo: TCT

In Decision 1421/QD-BTC, the Ministry of Finance announced one new reporting regime, four replaced reporting regimes, and three abolished tax reporting regimes in the tax field specified in Appendix 2 issued together with Decision 1898/QD-BTC dated September 25, 2021.

Specifically, the new reporting regime is the report on the use of receipts (for electronic receipts) which complies with the provisions of the Government’s Decree 123/2020/ND-CP dated October 19, 2020.

Regarding the four replaced reporting regimes, the report on the use of invoices will be replaced by the report on the use of invoices as prescribed in provisions of Government Decree 123/2020/ND-CP issued on October 19, 2020; the report on the use of toll and fee receipts will be replaced by the use of toll and fee receipts (for paper receipts) under Decree 123/2020/ND-CP; the report on the use of domestically produced wine stamps will be replaced by the list of e-stamp data sending to the tax authority as prescribed in the Ministry's Circular 23/2021/TT-BTC dated March 30, 2021; the report on the transmission of e-invoices will be replaced by the list of e-invoice data sent to the tax authorities as prescribed in Decree 123/2020/ND-CP.

Three abolished tax reporting regimes under the provisions of Decree 123/2020/ND-CP include a report on providing invoice printing services and providing software for internal printing of invoices; and a report on providing e-receipt printing services and software for internal printing of e-receipts; and Statement of Receipts and Payments (Form 25/AC).

The fee and charge collector will report on the use of fee and charge receipts (for e-receipts). Enterprises, economic organizations, business households and individuals will report on the use of invoices. The fee and charge collector will report on the use of fee and charge receipts (for paper receipts). These reports will be made quarterly.

The tobacco product manufacturer or the organization or individual producing alcohol for domestic consumption will make monthly reports on the e-stamp data table sent to the tax authority.

Particularly, the report on the e-invoice data table sent to the tax authority, the sellers and service providers in the fields of post and telecommunications, insurance, finance and banking, air transport, stock, electricity, clean water with information about customer code or customer tax code, petroleum products subject to the use of electronic invoices without the tax authority's code will make reports monthly or quarterly. For the case of selling petroleum products to customers, the report will be made daily.

Tax departments and tax branches will receive reports via the General Department of Taxation’s Portal.

By Thuy Linh/Ngoc Loan

Related News

GDVC assigns minimum targets for overdue tax debt collection and settlement in 2024 to customs departments

GDVC assigns minimum targets for overdue tax debt collection and settlement in 2024 to customs departments

VCN – The General Department of Vietnam Customs (GDVC) has decided to assign targets for overdue tax debt collection and settlement in 2024 for 27 customs departments.
Lang Son Finance, Tax and Customs agencies needs to proactively capture information to develop the border gate economy

Lang Son Finance, Tax and Customs agencies needs to proactively capture information to develop the border gate economy

VCN - That was the direction of Deputy Minister of Finance Nguyen Duc Chi at a working session with leaders of the Provincial People's Committee and the Lang Son Departments of Finance, Tax, and Customs on March 19.
Why not reduce export tax on fertilizer products to 0%?

Why not reduce export tax on fertilizer products to 0%?

VCN - Clarifying a number of contents related to the draft Decree amending and supplementing a number of articles of Decree No. 26/2023/ND-CP on Preferential Export Tariffs, Import Tariffs, List of Goods and Rates Absolute tax, mixed tax, import tax outside the tariff quota regarding the export tax rate for some types of fertilizers, the Ministry of Finance has clarified the reason why it does not adjust the export tax rate for this product.
Tax Industry actively supports during the peak month of tax settlement

Tax Industry actively supports during the peak month of tax settlement

VCN – With the goal of facilitating taxpayers in complying with tax law polices, especially tax finalization procedures, the Tax industry actively supports enterprises and people in this work. Local tax departments have held online and offline meetings to promptly remove difficulties and obstacles in the tax finalization process.

Latest News

PM demands strengthened gold market management

PM demands strengthened gold market management

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

VCN - The Ministry of Finance said that the total balance of budget expenditure in March was estimated at VND140.3 trillion; accumulated budget expenditures in the first quarter of 2024 reached VND393.5 trillion, equal to 18.6% of current appropriation, an increase of 8.3% over the same period in 2023.
Inflationary pressure stems  from commodity price fluctuations

Inflationary pressure stems from commodity price fluctuations

VCN – According to a report from the Ministry of Finance, the domestic market prices in the first quarter were stable and fluctuated in accordance with the price management scenario of the Price Management Steering Committee. However, the current impact from adjusting the prices of essential goods is a pressure on inflation control.
SMEs offered loans at preferential rates of 1.2-4.4%

SMEs offered loans at preferential rates of 1.2-4.4%

To create additional capital mobilisation channels for small- and medium-sized enterprises (SMEs), Vietnam’s Small- and Medium-sized Enterprise Development Fund under the Ministry of Planning and Investment is offering SMEs loans at preferential interest rates of 1.2-4.4% per year.

More News

Public investment disbursement needs to be accelerated to boost growth: insiders

Public investment disbursement needs to be accelerated to boost growth: insiders

Public investment is currently still an important growth driver, which needs to be accelerated so as to help the economy achieve a 6.5% growth this year, according to insiders.
Banks seek to attract foreign capital

Banks seek to attract foreign capital

VCN - Banks are actively developing plans to attract capital from foreign investors through various methods, aiming to enhance their capital "buffers" and improve their management and operational standards to meet international levels.
Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation

Budget revenue collection for the first quarter of 2024 achieved quite well compared to current appropriation

VCN - In the first 3 months of 2024, total revenue collection is estimated to reach VND539.5 trillion, equal to 31.7% of current appropriation, an increase of 9.8% over the same period in 2023. According to the Ministry of Finance's assessment, revenue of the first quarter of 2024 is quite good compared to current appropriation, mainly due to the concentration of revenues arising in the fourth quarter of 2023 and the difference according to the tax finalization 2023 following the regime of declaration and payment to the state budget in the first quarter of 2024.
Continue to implement and complete important customs cooperation initiatives in ASEAN

Continue to implement and complete important customs cooperation initiatives in ASEAN

VCN - Talking to the press on the sidelines of the 28th ASEAN Finance Ministers' Meeting (AFMM 28) taking place in Luang Prabang, Laos, Vietnam’s Minister of Finance Ho Duc Phoc emphasized that the meeting affirms the determination of ASEAN financial agencies to strengthen cooperation and work together to solve common challenges of the region in the context of the world and the region facing many changes, difficulties and challenges.
28th AFMM, 11th AFMGM gain great success

28th AFMM, 11th AFMGM gain great success

VCN - In the framework of ASEAN 2024 Financial Cooperation, the 28th ASEAN Finance Ministers' Meeting, the 11th ASEAN Finance Ministers' and Central Bank Governors’ Meetings and related conferences were held in Luang Prabang, Laos from April 4-5. Minister of Finance Ho Duc Phoc led the delegation of the Ministry of Finance of Vietnam to attend the meetings.
Many positive signals from stock market upgrade

Many positive signals from stock market upgrade

VCN - Many crucial knots in the process of upgrading the stock market are being untangled by the Government and relevant agencies. Thanks to proactive moves from the management agencies, experts assessed that the stock market was likely to be upgraded according to the set objectives.
Promote the implementation of audit recommendations to prevent violations in public financial management

Promote the implementation of audit recommendations to prevent violations in public financial management

VCN - Recently, besides many ministries, branches, localities and units that have made efforts to implement audit conclusions and recommendations, there are still many conclusions and recommendations that have not been implemented. Many audit recommendations have been "on hold" for many years, leading to a backlog of financial resolution recommendations amounting to trillions of dong. For the implementation of recommendations to achieve high results and prevent violations in the management of public finances and public assets, there needs to be a synchronous solution from many sides.
The State Treasury ensures budget balance by effectively mobilizing Government bonds

The State Treasury ensures budget balance by effectively mobilizing Government bonds

VCN – The State Treasury continues to mobilize Government bonds effectively, thereby supporting budget management to promptly meet public spending demands.
Pressure on Corporate bond maturity will fall in mid-2024

Pressure on Corporate bond maturity will fall in mid-2024

VCN – In the first quarter of 2024, the Corporate bond placement has achieved positive results. According to assessment, in 2024, the gradual recovery of the real estate market will promote bond placement from real estate businesses as well as solve problems of late repayment of bond principal and interest in the new cycle.
Read More

Your care

Latest Most read
PM demands strengthened gold market management

PM demands strengthened gold market management

Prime Minister Pham Minh Chinh has asked the State Bank of Vietnam (SBV) to keep a close watch on international and domestic gold prices, and put in place measures and tools in a timely and effective way to regulate the gold market in line with regulations.
Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

Budget expenditures reached VND393.5 trillion, growing 8.3% over the same period in the first quarter

The Ministry of Finance said that the total balance of budget expenditure in March was estimated at VND140.3 trillion
Inflationary pressure stems  from commodity price fluctuations

Inflationary pressure stems from commodity price fluctuations

VCN - According to the Ministry of Finance, prices of essential goods are relatively stable in March 2024 because the supply is still quite abundant while demand is not high.
SMEs offered loans at preferential rates of 1.2-4.4%

SMEs offered loans at preferential rates of 1.2-4.4%

To create additional capital mobilisation channels for small- and medium-sized enterprises (SMEs), Vietnam’s Small- and Medium-sized Enterprise Development Fund under the Ministry of Planning and Investment is offering SMEs loans at preferential interest rates of 1.2-4.4% per year.
Public investment disbursement needs to be accelerated to boost growth: insiders

Public investment disbursement needs to be accelerated to boost growth: insiders

Public investment is currently still an important growth driver, which needs to be accelerated so as to help the economy achieve a 6.5% growth this year, according to insiders.
Mobile Version