Uni 07-01-2021 - Tax policy for quarterly, monthly VAT declaration for a whole calendar year

Decree 126/2020 / ND-CP Article 8, Article 9 for quarterly, monthly VAT declaration for a whole calendar year:

Under the provisions of Point a, Clause 1, Article 8 Value added tax is declared on a monthly basis. Taxpayers subject to monthly VAT declaration, if their total revenue from selling goods and providing services in the preceding year is VND 50 billion or less, may declare value added tax quarterly. Taxpayers who meet the quarterly tax return criteria can choose to declare tax monthly or quarterly for the whole calendar year. If taxpayers are making monthly tax declaration, if they are eligible for quarterly tax declaration and choose to switch to quarterly tax declaration, they shall send a written request to change the tax period to their supervisory CQT no later than January 31. quarterly tax return year. If after this time, the taxpayer does not send a document to the CQT, the taxpayer continues to make a stable monthly tax declaration for the whole calendar year.