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Filing and Paying Taxes: No Longer a Nightmare!

Filing and Paying Taxes: No Longer a Nightmare!

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Filing and paying taxes is a legal obligation in Vietnam, but the tax system is complex. This article provides information on the types of taxes and how to fulfill tax obligations. It advises identifying the type of tax to be paid and preparing the necessary documents. Filing and paying taxes can be done online or directly at the tax authority. It is important to pay taxes on time and keep records for at least three years. If you need assistance, consult tax consultants or visit the websites of the General Department of Taxation and the Ministry of Finance. Summary. Filing and paying taxes is a legal obligation for each individual and business according to the regulations of Vietnamese law. However, the Vietnamese tax system is quite complex, with many different types of taxes, leading to many people having difficulty fulfilling their tax obligations. Understanding this, this article will provide you with useful information on filing and paying taxes, helping you fulfill your tax obligations more easily and accurately. 1. Identify the type of tax to be paid. Personal income tax, CIT applies to all individuals with income as specified in Article 1. Value-added tax, VAT applies to businesses trading in taxable goods and services. Corporate income tax, CIT applies to businesses established and operating under Vietnamese law. Business license tax, applies to organizations and individuals who do business in accordance with the provisions of the Law on Business License Tax Management. Land tax, applies to organizations and individuals who own and use land. Property tax, applies to organizations and individuals who own and use property. 2. Prepare tax return documents. Depending on the type of tax you need to pay, you need to prepare tax return documents according to the regulations. Some common types of documents include Tax return form. The tax return form is provided by the tax authority or you can download the form from the tax authority's website. Each type of tax will have a separate tax return form. You need to choose the form that matches the type of tax you need to pay. Fill in the information accurately and completely according to the instructions on the form. Related invoices and documents. Invoices and documents related to business activities and income sources are the basis for determining the amount of tax to be paid. It is necessary to keep the original and copy of invoices and documents in full. Invoices and documents must be valid and have all the required information. Other supporting documents, if any. Personal identity documents, ID card slash CCCD. Business registration certificate, for businesses. Power of attorney, if authorizing someone else to pay taxes. Other supporting documents according to the regulations of each type of tax. 3. Filing and paying taxes. A. Filing and paying taxes online. Step 1. Prepare tax return documents. Prepare all necessary documents according to the regulations of each type of tax. Some common documents include. Electronic tax return form, can be downloaded from the tax authority's website. Electronic invoices and documents related to business activities and income sources, if any. Digital signature. Step 2. Access the online tax return system. Access the website of the General Department of Taxation, https://www.gdt.gov.vn/.wps/.portal/.english, or the website of the local tax authority where you pay taxes. Log into the system using your personal account or business account that has been granted. Step 3. File your tax return. Select the type of tax you need to declare. Fill in the information accurately and completely according to the instructions on the system. The system will automatically calculate the amount of tax to be paid. Check the information carefully before submitting. Step 4. Pay taxes. Pay taxes online through a bank account linked to the system. Save the electronic tax payment receipt. B. Filing and paying taxes directly. Step 1. Prepare tax return documents. Prepare all necessary documents according to the regulations of each type of tax. Completed tax return form with the signature of the taxpayer or legal representative. Related invoices and documents, if any. Personal identity documents, ID card slash CCCD, of the taxpayer or legal representative. Step 2. Go to the tax authority. Bring all prepared tax return documents. Identify the department that receives tax return documents. Step 3. Submit documents and file taxes. Submit the documents to the receiving officer. The receiving officer will guide you on how to file your tax return on the form if necessary. Check the information carefully before submitting the form. Step 4. Pay taxes. Pay taxes directly at the tax authority's cashier. Save the tax payment receipt. 4. Notes. You must pay taxes on time according to the law. If you pay taxes late, you will be penalized in accordance with the regulations. You must keep tax return documents and related invoices and documents for at least three years. If you encounter difficulties in filing and paying taxes, you can consult with tax consultants. In addition, you can also refer to more information on filing and paying taxes at the following websites. Website of the General Department of Taxation, https://www.gdt.gov.vn Website of the Ministry of Finance, https://www.mof.gov.vn For free consultation on tax filing and payment services, please contact us today, TPM Tax Agency and Consulting Corporation, plus 84-28-3505-1800. info at tpm.com.vn https://tpm.com.vn

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