(PLO)- The deadline for finalization of personal income tax for income in 2022 is divided into two groups with different deadlines.
According to the Tax Administration Law 2019 and Official Letter 636 dated March 12, 2021 of the General Department of Taxation, the deadline for finalization of personal income tax (PIT) for income in 2022 is divided into two groups with different deadlines. .
People make tax finalization at the Tax Department of Ho Chi Minh City. Photo: HOANG GIANG
In case of self-settlement of PIT, the deadline for submitting the finalization dossier is the last day of the fourth month from the end of the calendar year. In case the deadline for submitting the finalization dossier coincides with a holiday, the deadline for submitting the tax finalization dossier is the next working day. April-2023 has three holidays: Hung King’s death anniversary (March 10 of the lunar calendar), April 30 and May 1 in succession; in which the death anniversary and April 30 fall on Saturday and Sunday, so state agencies will have two days off. Therefore, the deadline for submitting the tax self-settlement dossier will be 4-5 days (ie the next day after the compensatory time off).
In case the employee authorizes the tax finalization, the income paying organization must submit the finalization dossier by March 31, 2023.
Employees will be authorized to finalize tax if they are resident individuals in the following cases:
(1) Having income from salary or wages, signing a labor contract for three months or more at a place and actually working there at the time of tax finalization, even if not working full 12 months in the calendar year. In case an individual is an employee who is transferred from the old organization to the new organization due to merger, consolidation, division, transformation of the type of enterprise or the old organization and the new organization in the same system. the individual is authorized to finalize the tax for the new organization.
(2) Individuals earning incomes from salaries or wages sign labor contracts for three months or more at a place and are actually working there at the time the organization or individual pays the income tax finalization, including the case of not working for full 12 months in a calendar year; and at the same time have current income elsewhere in the year on average not more than 10 million VND and have been withheld PIT at the rate of 10% if there is no requirement for tax finalization on this income.
In cases where tax finalization is not authorized, individuals must directly settle the settlement with the tax agency.