Determining the VAT filing Period in 2025

VAT is generally a monthly tax filing, with exceptions for businesses that meet the criteria for quarterly filing and choose to declare tax quarterly.

•  Newly Established Businesses: Can choose to declare VAT quarterly.

• Operating Businesses:

- Revenue from the previous year of 50 billion VND or less: Can continue to declare VAT quarterly.

- Revenue from the previous year of over 50 billion VND: Must switch to monthly VAT declaration.

• Transitioning from Monthly to Quarterly Declaration:

- If a business, currently declaring VAT monthly, meets the conditions for quarterly filing in 2025 (revenue in 2024 of 50 billion VND or less), and chooses to declare VAT quarterly, it must send a written request to the tax authority no later than January 31, 2025. If the document (form 01/DK-TDKTT) is not submitted, VAT declaration must continue to be made monthly.

Notes:

• Revenue from the previous year is determined by the revenue from sales of goods and provision of services on VAT declarations of the calendar year 2024, regardless of the fiscal year of the enterprise.

• If an enterprise meets the criteria for quarterly VAT declaration, it can choose to declare either quarterly or monthly.

• The chosen method of VAT declaration (monthly or quarterly) remains stable for the entire calendar year.

• If an enterprise changes its VAT declaration from quarterly to monthly, it must also adjust the corresponding personal income tax declaration period if personal income tax is also declared quarterly.

Legal Basis: Article 8 and Article 9 of Decree 126/2020/ND-CP

https://thuvienphapluat.vn/van-ban/Thue-Phi-Le-Phi/Nghi-dinh-126-2020-ND-CP-huong-dan-Luat-Quan-ly-thue-455733.aspx

Written: Nguyen Nhac Thien An - Partner, Managing Director Altas Accounting 

Date: 19/02/2025