Tax Report Filling for FDI Company : Penalty & Fines
FDI company have the duty same with Normal Vietnamese company for the Tax Filling Report. So if they don’t make the report to Tax Department on time, they will be fined by Tax Departments. Detail for Penalty & Fines level will share in this topic
LIST TAX REPORT FDI COMPANY NEED TO SUBMIT
PENALTY FOR FDI COMPANY WITH TAX FILLING REPORT
| Fines | Behavior |
| Warning penalty | 1 to 5 days past the deadline and there are extenuating circumstances |
| A fine of from 2.000.000 VNĐ to 5.000.000 VNĐ | Past the deadline from 1 to 30 days, except for cases which were warned |
| A fine of from 5.000.000 VND to 8.000.000 VND | Past the deadline from 30 to 60 days |
| A fine of from 8.000.000 VND to 15.000.000 VND | a) Submitting tax reports past the deadline from 61 to 90 daysb) Submitting a tax return by 91 days or more, but no tax payable c) Don’t submit a tax report but no tax payabled) Failing to submit the appendices according to regulations on tax administrations together with the enterprise income tax finalization dossier |
| A fine of from 15.000.000 VND to 25.000.000 VND | Past the deadline more than 90 days, there is a pâyble tax amount and the taxpayer has fully paid the late payment tax amount into the state budget before the time the time the tax agency announces the decision on tax inspection or tax authority makes a record of late submission of tax declaration dossiers |
Example: Your business is late in filing a VAT report, a PIT report and invoice using report for the first quarter of 2021, from April 30 to 16/06/2021, it has been 45 days. Thus, it is subject to the penalty from 30 to 60 days, an average of about 6.500.000 VND per repor
Note: For business doesn’t submit & make Tax report for a long time, the Tax Department can make inspect your company for checking investment. After that, your company will be:
- Lock the Tax ID
- Stop all the business action with Invoice, customer, partners…
FDI Company can refer to this content at Degree No. 125/2020/ND-CP
>> View in Vietnamese Version and English Version
If you’ve worried about this penalty, let contact asap to us. Topa.vn can support you to complete all these report with decrease the late time and explain with Tax Department.
Contact us: contact@topa.vn. Hotline: 0888.005.630