1. Personal income tax payment deadline
- As is known, the personal income tax payment deadline includes the deadline for declaring and paying personal income tax monthly or quarterly and the deadline for tax settlement annually, in which:
- Declaring and paying personal income tax monthly or quarterly will depend on the individual’s monthly/quarterly revenue.
Tax settlement is the determination of the amount of tax arising from income that needs to be paid in the year. In case of overpayment or underpayment of personal income tax, a tax refund can be requested. On the contrary, in case of underpayment, the remaining tax amount needs to be supplemented.
1.1. Personal income tax payment deadline by month, by quarter
- The content is stipulated in Clause 1, Article 44, Law on Tax Administration 2019 on the deadline for paying personal income tax monthly, quarterly as follows:
- In case of paying personal income tax monthly: The deadline for paying personal income tax is no later than the 20th of the month following the month in which the tax obligation arises.
- In case of quarterly payment of personal income tax: The latest deadline for payment of personal income tax is the last day of the first month of the quarter in which the tax liability arises.
1.2. Tax settlement deadline
- According to the provisions of Clause 4, Article 44, Law on Tax Administration 2019 on the time for personal income tax settlement as follows:
- In case an individual authorizes an organization or individual to settle income: The latest deadline for personal income tax settlement is March 31st.
In case an individual directly makes tax settlement: The latest deadline for personal income tax settlement is April 30th.
