DECLARE MONTHLY OR QUARTERLY?
Conditions for monthly VAT declaration; Subjects of quarterly VAT declaration; The latest way to determine VAT declaration monthly or quarterly is according to the latest regulations.
Pursuant to Article 8 and Article 9 of Decree 126/2020 / ND-CP, our company would like to summarize as follows:
Businesses in operation:
If there is a revenue of 50 billion VND or less in the preceding year, => It is allowed to declare VAT quarterly.
If there is a revenue of more than 50 billion VND in the preceding year, => Declare VAT on a monthly basis.
In cases where enterprises meet the quarterly tax declaration criteria, they may declare tax monthly or quarterly for the whole calendar year.
If the enterprise is making monthly declaration if it meets the conditions for quarterly tax declaration and chooses to switch to quarterly tax declaration, it shall send a written request to the tax authority, no later than January 30 of the starting year. quarterly declaration. -> If you do not send the request, continue to declare monthly.
Newly established enterprises:
Enterprises that are just starting to operate and doing business may have the option to declare VAT quarterly.
-> After 12 months of production and business, the 12 months from the following calendar year to the year will be based on the turnover of the preceding calendar year (full 12 months) to determine tax declaration. VAT according to the monthly or quarterly tax period.
And will perform steadily in that calendar year.
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𝕆𝕗𝕗𝕚𝕔𝕖:: 19 Doan Khue, Hoa Cuong Bac Ward, Hai Chau District, Da Nang city, Viet Nam
ℍ𝕠𝕥𝕝𝕚𝕟𝕖 : 0985948553 (Ms. Melia) – 0905693638 (Mr. Neil)
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