OFFICIAL LETTER NO.4216/TCT-QLN DATED 05 DECEMBER 2013 OF GDT IN GUIDANCE OF CALCULATION OF LATE PAYMENT FROM 01 JULY 2013
According to official letter No.4216/TCT-QLN in guidance of calculation for late payment of tax amount arising before 01 July 2013 but after 01 July 2013 still not yet paid as following example:
If the taxpayer (taxpayers) money owed 100 million VND of finalization declaration of 2012, the deadline for tax payment will be 01 April 2013 (due to 31 March 2013 is a holiday).
On 04 October 21013, taxpayers pay tax amounts into the state budget, the number of days of late payment is calculated from 02 April 2013 until 10 April 2013
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From 02 April 2013 to 30 June 2013, the number of days of late payment is 90 days: 100 million VND x 0.05% x 90 days = 4.5 million VND.
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From 01 July 2013 to 28 September 2013, the number of days of late payment is 90 days: 100 million x 0.05% x 90 days = 4.5 million VND;
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From 29 September 2013 to 10 April 2013, the number of days of late payment is 06 days: 100 million x 0.07% x 06 days = 0.42 million VND
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The taxpayers’ payable amount for late payment is 4.5 million + 4.5 million + 0.42 million = 9.42 million VND
