9th Floor Diamond Plaza Building, 34 Le Duan, Ben Nghe Ward, District 1, Ho Chi Minh City
info@bkclaw.vn
0901 333 341
.svg)
.svg)
When establishing a company, completing the initial tax declaration procedures is one of the most important steps to ensure compliance with Vietnamese tax regulations. This process not only allows businesses to operate legally but also ensures that all financial obligations to the state budget are properly fulfilled.
However, tax declaration procedures and documentation can be challenging for many businesses, especially newly established companies that are not yet familiar with the legal requirements. Therefore, this article provides detailed and updated information on the procedures and documents required for initial tax declaration for businesses.
Before submitting the initial tax declaration dossier to the District Tax Sub-Department, businesses must complete several preparatory steps.
First, the company must install a signboard at its registered head office. The signboard must display basic information such as the company name, tax identification number, and registered address. Tax authorities may conduct an inspection at the registered address to verify the signboard and confirm the operational status of the business.
Second, the company must obtain a digital signature (digital certificate/token). A digital signature is required for submitting the license tax declaration, filing tax reports through the General Department of Taxation’s online portal, and signing electronic documents on management systems such as social insurance, customs, and electronic invoices.
Third, the company must open a corporate bank account and deposit funds into the account. After obtaining a digital signature, the business can use it to make online payments of the license tax to the State Treasury through the company’s bank account.
After completing the company registration procedures with the Department of Finance, the business must carry out the initial tax declaration procedures at the District Tax Sub-Department where the company’s head office is located. In cases where the company is directly managed by the Provincial Tax Department, the dossier must be submitted to the Provincial or Municipal Tax Department where the company’s headquarters is registered.
The initial tax declaration process typically includes several steps.
Step 1: Tax Registration
According to Clause 1 Article 30 of the Law on Tax Administration 2019, as guided by Article 4 of Circular 105/2020/TT-BTC, enterprises and business households must register for tax and obtain a tax identification numberbefore starting business operations or generating obligations to the state budget.
Step 2: Initial Tax Declaration
Businesses must carry out initial declarations for various types of taxes.
For Value Added Tax (VAT), the enterprise must determine the applicable tax calculation method, either the credit method or the direct method.
For Corporate Income Tax (CIT), the enterprise must choose an appropriate calculation method depending on the business model.
For Personal Income Tax (PIT), companies that employ staff must declare personal income tax for their employees.
Depending on the nature of the business activities, additional taxes may also arise, such as special consumption tax or environmental tax.
Step 3: Submission of Tax Declarations and Related Documents
After completing the declarations, the company must submit the tax returns and relevant documents to the tax authority. This can be done through the electronic tax filing system or by submitting the documents directly to the tax office.
Step 4: Tax Payment
Based on the submitted tax declarations, the tax authority will determine the amount of tax payable. The enterprise must make timely tax payments to avoid penalties for late payment.
The dossier for initial tax declaration includes several important documents.
A notarized copy of the Enterprise Registration Certificate must be provided. The company must also include the Tax Identification Number Certificate issued by the tax authority.
If the company declares value added tax, it must submit the VAT declaration form (Form 01/GTGT).
If corporate income tax declaration is required, the company must submit the Corporate Income Tax declaration form (Form 01A/TNDN).
If the company employs staff, it must submit the Personal Income Tax declaration form (Form 05/NC).
Depending on the business sector, additional documents related to the licensed business activities may also be required.
In addition, the company may need to provide an office lease agreement or asset lease contract to determine deductible expenses for tax declaration purposes.
To facilitate tax compliance for businesses, tax authorities have introduced several updates to administrative procedures.
Electronic tax declaration systems have been widely implemented, allowing businesses to submit tax returns more quickly and accurately while minimizing administrative errors.
Businesses must also be aware of the tax declaration deadlines to avoid penalties. In general, VAT and personal income tax declarations must be submitted before the 20th day of the following month.
Failure to submit tax declarations on time may result in administrative penalties in accordance with Vietnamese law.
If a company fails to submit its tax declaration dossier on time or submits incomplete information, it may be subject to administrative penalties.
Late submission of tax returns may result in fines ranging from VND 500,000 to VND 1,000,000 for the first violation. The fine may increase for subsequent violations depending on the severity of the delay.
If a company fails to pay taxes on time, a late payment penalty of 0.03% per day will be imposed on the overdue tax amount.
If errors or understatements are discovered in the tax declaration, the company may be fined between 10% and 20% of the underdeclared tax amount.
In cases of repeated violations or tax fraud, businesses may face heavier penalties or even criminal liability depending on the seriousness of the offense.
Complying with tax declaration regulations helps businesses avoid legal risks and administrative penalties. It also improves the credibility and stability of the enterprise in the long term. Proper tax declaration ensures that businesses have a solid basis for tax finalization and may enable them to benefit from applicable tax incentives.
BKC Law provides comprehensive services to help businesses fulfill their tax obligations accurately and on time while minimizing potential legal risks. With a team of experienced professionals, we assist businesses in understanding applicable taxes, guiding them through the electronic tax declaration system, and preparing and submitting tax dossiers.
In addition, BKC Law supports companies in correcting tax declarations when errors occur and assists in resolving tax disputes if they arise. With a strong understanding of Vietnamese tax regulations, we are committed to helping businesses comply with legal requirements, avoid penalties, and optimize available tax benefits.
Our services help businesses save time while ensuring that all tax procedures are conducted correctly, transparently, and efficiently.
Phone: 0901 3333 41
Email: info@bkclaw.vn
District 1 Office:
9th Floor, Diamond Plaza Building
34 Le Duan Street, Sai Gon Ward, Ho Chi Minh City
Binh Tan Office:
41 Ten Lua Street, An Lac Ward, Ho Chi Minh City
Related Articles
Work Permit Service for Foreigners in Vietnam 2025
What is an FDI Enterprise? Detailed Process for Establishing an FDI Company in Vietnam (2025)
Not found
0 (0) Establishing a Vietnam company in 2026 is one of the matters receiving significant attention as the Government has...
0 (0) Disputes in goods sale and purchase contracts arise when there is disagreement between the buyer and the seller...
0 (0) House Sale Contract Disputes in Binh Tan have become increasingly common as the real estate market in Binh...
0 (0) Disputes in house purchase and sale contracts often arise due to unclear contractual terms, lack of transparency in...
0 (0) Inheritance disputes are complex legal issues that arise when disagreements occur among related parties regarding the inheritance rights...
0 (0) Resolving property disputes after divorce is a common legal issue that arises after the termination of a marital...
0 (0) A Temporary Residence Card (TRC) is one of the most important documents that allows foreigners to live and...
0 (0) A work permit service for foreigners in Vietnam is essential as the country continues to attract more foreign...
0 (0) A sub-license is an important legal requirement for businesses operating in conditional business sectors in Vietnam. In addition...
0 (0) As Vietnam continues to emerge as an attractive destination for foreign investors, FDI enterprises (Foreign Direct Investment enterprises)...
0 (0) Ho Chi Minh City (HCMC) is emerging as a leading technology hub in Southeast Asia, attracting a multitude...
0 (0) Establishing a company with Japanese capital in Vietnam offers numerous attractive business opportunities and serves as a solid...
0 (0) Establishing a company with Macau capital in Vietnam presents an attractive opportunity for international investors, particularly those from...
5 (1) Applying for sub-licenses for Chinese-invested companies in Vietnam is an important process that allows enterprises to operate legally...
0 (0) Setting up a retail outlet in Vietnam for foreign investors is not a straightforward procedure. Investors must comply...
0 (0) Currently, establishing a Foreign-Invested Enterprise (FDI/FIE) in Vietnam requires foreign investors to carefully prepare regarding legal aspects, sectoral...
0 (0) A legal advisor for foreign-invested enterprises (FDI) acts as a legal architect, designing the operational foundation, protecting the...
0 (0) Foreign businesses wishing to do business in Vietnam must satisfy specific conditions prescribed by investment and commercial laws....
0 (0) In the context of profound international economic integration, Vietnam continues to be one of the most attractive investment...
0 (0) Vietnam Entry Visa (Entry Visa) Service for Chinese Nationals provides a fast and convenient solution for Chinese citizens...
0 (0) Establishing a company with Japanese capital in Vietnam offers numerous attractive business opportunities and serves as a solid...
0 (0) E-Commerce Business License is a mandatory requirement for individuals and organizations to legally operate in the field of...
0 (0) Procedure for Establishing a Chinese Company in Vietnam requires foreign investors to comply with Vietnamese legal regulations. Vietnam...
0 (0) When deciding to invest and establish a Chinese company in Vietnam, foreign investors must thoroughly understand the legal...
0 (0) The procedure for applying for an entry visa to Vietnam for Chinese citizens is a critical process to...
0 (0) Currently, There are many cases of transferring land and houses that are mortgaged at the bank. However, not...
0 (0) Grounds for Exemption from Criminal Liability According to Article 29 of the Criminal Code 2015 (as amended in...
0 (0) Based on the Constitution of the Socialist Republic of Vietnam; The National Assembly promulgates the Law on Children....
0 (0) Commercial disputes are inevitable issues in the daily business operations of enterprises. When disputes between the parties cannot...
0 (0) Currently, Vietnam is evaluated as a country with a dynamic economy, high growth, and deep, strong integration into...
0 (0) I. Types of Divorce in Vietnam Mutual Consent Divorce: This is the case where both husband and wife...
0 (0) Enterprise Legal Consultation Services in Binh Tan District can provide in-depth legal support for businesses operating in this...
0 (0) What is Divorce? Pursuant to Clause 14, Article 3 of the Law on Marriage and Family 2014: “Divorce...
0 (0) Litigation attorney services in Binh Tan District aim to support clients in safeguarding their legitimate rights and interests...
0 (0) Criminal defense attorney services in Binh Tan District are increasingly in demand, as within a dynamic city like...
0 (0) Resolving land disputes in Binh Tan District, Ho Chi Minh City, is a complex and sensitive issue in...
0 (0) In the context of a rapidly developing economy, legal consultation services for commercial contract disputes in Binh Tan...
0 (0) Currently, inheritance consultation services in Ho Chi Minh City assist clients in properly planning their inheritance to ensure...
0 (0) In the context of a rapidly developing economy, legal consultation services for real estate procedures in Binh Tan...
0 (0) In the context of a rapidly developing economy, legal consultation services for enterprises in Binh Tan District are...
0 (0) Legal consultation services in Binh Tan District assist clients in resolving complex legal issues, ranging from advisory services...
0 (0) Attorneys specializing in inheritance consultation play a crucial role in assisting and guiding clients through legal issues related...
0 (0) Legal services for foreigners in Ho Chi Minh City are increasingly developed, as it is regarded as Vietnam’s...
0 (0) In Ho Chi Minh City, legal services for foreigners are increasingly developed, as it is regarded as Vietnam’s...
0 (0) In the context of globalization and increasing international economic cooperation, investment law plays a crucial role in shaping...
0 (0) In the context of globalization and increasing international economic cooperation, investment law plays a crucial role in shaping...
0 (0) In Ho Chi Minh City, APEC card application services are provided by numerous professional and reliable entities, enabling...
0 (0) The dissolution of a foreign-invested enterprise is a complex process that requires careful consideration. The decision to dissolve...
0 (0) The merger of foreign enterprises into the Vietnamese market presents substantial opportunities but also encounters numerous challenges. Evaluating...
0 (0) The establishment of branches of foreign companies in Vietnam has opened significant opportunities for business development within the...
0 (0) Fast-track unilateral divorce refers to one spouse requesting termination of the marriage without the consent of the other,...
0 (0) The current personal income tax (PIT) situation for foreigners in Vietnam is relatively clear, with specific regulations outlined...
0 (0) The cost of hiring a lawyer for comprehensive land law consultation is a matter of significant interest to...
0 (0) Disputes arising from land use rights transfer contracts often occur due to disagreements between the parties regarding contract...
0 (0) Transfer of shares by foreign investors in Vietnam requires strict compliance with legal regulations regarding ownership ratios and...
0 (0) When deciding to dissolve the representative office of a foreign company in Vietnam, this is not only a...
0 (0) Fast-track divorce is the termination of the marital relationship pursuant to a legally effective judgment or decision of...
0 (0) When a foreign-invested company decides to change or supplement its investment business lines, this transition is not only...
0 (0) In the context of rapid socio-economic development, the termination of foreign investment projects in Vietnam marks an important...
0 (0) Work Visa for Foreigners in Ho Chi Minh City offers valuable opportunities for foreigners seeking a career in...
0 (0) In the modern era of globalization, obtaining a work permit for foreign workers is a mandatory requirement to...
0 (0) When an enterprise or organization wishes to continue employing foreign workers, extending the work permit is an essential...
0 (0) In the context of rapid economic development, the need to register foreign loans in 2024 has become increasingly...
0 (0) In modern society, the need for legal services has become more widespread than ever. Hiring a lawyer is...
0 (0) In today’s society, the demand for legal services has become more widespread than ever. Hiring a criminal case...
0 (0) In today’s challenging business environment, the service of a dedicated corporate lawyer has become an indispensable tool for...
0 (0) In today’s society, the demand for legal services has become more widespread than ever. Hiring a land dispute...
0 (0) In the context of rapid socio-economic development, the need to convert the land use purpose of a project...
0 (0) In today’s society, the demand for legal services has become more widespread than ever. Hiring a civil case...
0 (0) In the context of rapid socio-economic development in Ho Chi Minh City, resolving internal enterprise disputes has become...
0 (0) Establishing a media company with foreign capital in Vietnam has become more attractive than ever, especially amid globalization...
0 (0) Establishing a construction company with foreign capital in Vietnam requires strict compliance with a series of legal conditions...
0 (0) In the context of socio-economic development, resolving labor contract disputes has become increasingly common, affecting the rights of...
0 (0) In the context of deepening global economic integration, remitting profits from Vietnam abroad by foreign investors has become...
0 (0) Establishing a logistics company with foreign capital in Vietnam has become an attractive trend for international investors. With...
0 (0) Establishing a real estate company with foreign capital in Vietnam is a complex process. With the rapid development...
0 (0) In the context of rapid urban development and increasing land use demand, land disputes have become a common...
0 (0) Establishing a technology company with foreign capital in Vietnam has become an attractive trend amid the context of...
0 (0) The procedure for dissolving a branch of a foreign company in Vietnam is an important process to ensure...
0 (0) Outward investment has become a crucial strategy in the context of deepening globalization. Many enterprises, from small to...
0 (0) With Vietnam’s rapidly developing economy and increasingly attractive investment environment, the country has drawn significant interest from foreign...
0 (0) Establishing a company in the United States is not only an important step in the entrepreneurial journey but...
0 (0) Establishing a company in Canada not only offers attractive business opportunities but also opens the door to one...
0 (0) Establishing a company in Singapore has become an attractive option for many entrepreneurs and investors due to its...
0 (0) Establishing a Company in Hong Kong has long been renowned as a leading financial and commercial hub in...
0 (0) Establishing a branch of a foreign-invested company in Vietnam requires meeting numerous detailed conditions and procedures to ensure...
0 (0) In the context of rapid globalization and increasingly fierce competition, increasing the charter capital of a foreign-invested company...
0 (0) In the context of rapid globalization and increasingly fierce competition, adding business lines for foreign-invested companies has become...
0 (0) In the context of rapid globalization and increasingly fierce competition, changing the name of a foreign-invested company is...
0 (0) Change of Principal Office Address for Foreign-Invested Companies is becoming increasingly common in the context of rapid economic...
0 (0) Establishment of a Chinese Company in Vietnam has become a growing trend as an increasing number of Chinese...
0 (0) Handwritten Divorce Petition can serve as a legal document used when one or both spouses wish to terminate...
0 (0) Conversion of a Vietnamese Company into a Foreign-Invested Company is a complex process that offers numerous opportunities for...
0 (0) Transfer of Agricultural Land to Residential Land is one of the legal procedures that many people are interested...
0 (0) Transfer of Red Book (Land Use Right Certificate), also known as transfer of land use rights and ownership...
0 (0) Transfer of Agricultural Land Use Rights is one of the important legal procedures aimed at transferring land use...
0 (0) Before initiating a land dispute lawsuit, it is essential to have a clear understanding of the relevant legal...
0 (0) Division of Inheritance Without a Will is the legal process for distributing the estate of a deceased person...
0 (0) Division of Inheritance by Will is an important aspect of civil law, reflecting the personal will of the...
0 (0) Inheritance Disputes in Ho Chi Minh City represent one of the most complex legal issues, as this metropolitan...
0 (0) Procedures for Division of Inheritance constitute an important legal process that ensures the equitable distribution of a deceased...
0 (0) Procedures for Receiving Inheritance constitute an important legal process that requires a thorough understanding of the law to...
0 (0) Procedures for Receiving Inherited Assets in Ho Chi Minh City constitute an important legal process directly concerning the...
0 (0) A professional land law consultant lawyer will help clients clearly understand their rights and obligations while providing effective...
0 (0) Credit Contract Disputes are a common issue in the financial sector, arising from disagreements between the lender (banks...
0 (0) In civil transactions, disputes over loan of property are inevitable, particularly when the parties fail to comply with...
0 (0) In Ho Chi Minh City, specifically Inheritance Disputes in Binh Tan District represent a frequently encountered legal issue,...
0 (0) Resolution of Land Disputes in Binh Tan District is a matter of significant concern amid the rapid urbanization...
0 (0) <em><span id=”cke_bm_306S”> </span><strong>Resolution of Disputes Arising from Condominium Purchase and Sale in Binh Tan District</strong> is a prevalent legal...
0 (0) Currently, in Ho Chi Minh City, will drafting services are increasingly in demand to meet the growing need...
0 (0) Drafting a Will is a crucial step to protect your rights and those of your family, while ensuring...
0 (0) Investing in Industrial Parks in Vietnam has emerged as an attractive opportunity for both domestic and foreign investors....
0 (0) Declaration of Inheritance is an important legal procedure that confirms ownership rights to assets inherited by heirs following...
0 (0) Will Drafting Services provide a professional solution to express your wishes and legally protect your assets. Drafting a...
0 (0) The law office specializing in land law consultation is a provider of professional and dedicated legal services to...
0 (0) Conditions for Establishing a Foreign-Invested Company in Vietnam encompass the legal requirements and procedures that investors must comply...
0 (0) The law office services in Binh Tan District aim to support clients in ensuring their legal rights and...
0 (0) In recent years, with an increasingly improved business environment and more comprehensive investment support policies, Vietnam has become...
0 (0) A professional and highly experienced team of attorneys specializing in corporate law consultation services in Binh Tan District...
0 (0) Vietnam is currently attracting significant interest from foreign investors establishing companies in the country, thanks to its growing...
0 (0) Investment consulting services in Vietnam are increasingly affirming their essential role in supporting investors—from individuals to organizations—in achieving...
0 (0) Divorce is a complex process that often causes significant stress for the parties involved. Fast divorce services provided...
0 (0) The attorney retainer fee for initiating a lawsuit typically ranges from VND 1,000,000 to VND 5,000,000 per case....
0 (0) The land law consulting office provides professional and dedicated legal services for all clients. With a team of...
0 (0) When confronting inheritance matters, understanding the fees for engaging a professional inheritance attorney is essential to safeguarding your...
0 (0) The outbound investment advisory service has become an indispensable component in today’s context of global economic integration. With...
0 (0) Establishing a Chinese company in Vietnam is becoming a trend as more and more Chinese investors see the...
41 Rockets, Binh Tri Dong B, Binh Tan District, Ho Chi Minh City.
info@bkclaw.vn
0901 3333 41
9th Floor, Diamond Plaza Building, 34 Le Duan, Ben Nghe Street, District 1, Ho Chi Minh City.
info@bkclaw.vn
0901 3333 41