Official letter 37175/CTHN - TTHT about temporary payment of CIT in the third quarter of 2021 as follows:
In case the Company is required to prepare quarterly financial statements according to the provisions of the law on accounting, the quarterly financial statements and the provisions of the tax law shall determine the temporary quarterly CIT payment.
In case the Company is not required to prepare quarterly financial statements according to the provisions of the law on accounting, the quarterly production and business results and the provisions of tax law shall determine the temporary quarterly CIT payment.
The total temporarily paid CIT amount of the first 3 quarters of the tax year must not be lower than 75% of the payable CIT amount according to the annual finalization. In case taxpayers pay less than the temporarily payable tax amount for the first three quarters of the year, they must pay a late payment interest calculated on the underpaid tax amount from the day following the last day of the third-quarter CIT temporary payment deadline to the date of payment. the missing tax amount to the state budget.
