OFICIAL LETTER 5460/TCT-KK DATED 18 DECEMBER 2015 OF GDT GUIDING TO RECEIVE FORM 06/GTGT FOR NEWLY ESTABLISHED ENTERPRISES, COOPERATIVES
According to official letter 5460/TCT-KK guiding the receipt of form 06/GTGT as follows:
1. For newly-established enterprises, cooperatives in quarter 4 annually (from 01 Oct to 31 Dec)
The determination of VAT calculation method and stability time of VAT calculation method to follow instruction of official letter 1097/TCT-KK dated 30 Mar 2015 of GDT.
2. For newly-established enterprises, cooperatives from 01 Jan to 30 Sep annually
- For enterprises, cooperatives are applying deduction method
+ Enterprises, cooperatives estimate revenue from one billion VND and follow accounting regime, invoices, vouchers will continue stability deduction method for next 2 years and must not send form 06/GTGT to tax authority.
+ Enterprises, cooperatives estimate revenue from one billion VND but conduct full accounting regime, invoices, vouchers will register voluntarily to apply deduction method and must send form 06/GTGT before 20 Dec of previous year closing to the year performing tax method, for a stable cycle of next 02 years. If they do not send form 06/GTGT, they apply to VAT under direct method for next year.
- For enterprises, cooperatives applying to direct method
For newly-established enterprises, cooperatives are applying direct method must conduct tax method until the end of a first calendar year. If they change VAT calculation method for deduction method must send form 06/GTGT at latest on 20 Dec of the previous year closing to the year performing tax method. If they do not send form 06/GTGT, they continue to apply to direct method for next year.
