PROCEDURES FOR TAX REGISTRATION
AFTER BUSINESS ESTABLISHMENT IN 2022
Tax registration procedures after business establishment in 2022.
OUTLINES
1. Regulations on tax registration after enterprise establishment.
2. Tax registration procedures after business establishment.
2.1 Tax registration dossiers after establishment.
2.2 Tax registration procedures after business establishment.
3. Taxes and fees to be declared after establishment.
3.1 License fees.
3.2 Value Added Tax.
3.3 Corporate income tax.
3.4 Personal income tax.
- After completing the business establishment procedure, the company owner often has questions about tax issues and state fees. If you are interested in the tax registration procedure after establishing a business, you should not ignore this article!
- Tax registration means that a taxpayer, specifically an enterprise, declares its identification information with the tax office or business registration agency. This is the basis for distinguishing between different taxpayers.
- The business establishment procedure is only the first step in the process of operating the life of the company. After being granted a business registration certificate, the business owner needs to represent or appoint someone to carry out tax declaration procedures, open a bank account, submit the method of depreciation of fixed assets, etc.
- Enterprises must register for tax and be granted a tax identification number by the competent authority before commencing production and business activities. Subjects required to carry out tax registration procedures as prescribed in Clause 1, Article 30 of the Law on Tax Administration 2019, include:
“a) Enterprises, organizations and individuals shall register for tax according to the one-stop-shop mechanism together with enterprise registration, cooperative registration, business registration in accordance with the Law on Enterprises and regulations. other relevant laws;
b) Organizations and individuals that do not fall into the cases specified at Point a of this Clause shall make tax registration directly with tax authorities according to regulations of the Minister of Finance.”
- The enterprise will be granted a 10-digit tax code by the state agency and this number is also the code shown on the certificate of establishment registration. Enterprises are granted 01 unique code during the operation process from the time of tax registration to the termination of the tax number.
➤ Read more: Can I issue securities after setting up a private enterprise?
- In case the taxpayer carries out tax registration procedures together with business registration, the tax registration dossier is also the enterprise establishment dossier.
- After being established, enterprises must register for tax directly with the tax authorities. Components of a tax registration dossier include:
- Tax registration declaration;
- A copy of the establishment and operation license, establishment decision, investment registration certificate or other paper of equivalent value (still valid); The other relevant papers.
➤ Read more: Do you need a degree to start a business?
- Taxpayers register for tax together with business registration activities, the place to submit tax registration dossiers is also the place where the enterprise is registered. Specifically, according to Clause 1, Article 32 of Decree No. 01/2021/ND-CP, the main receiving place is the Business Registration Office where the enterprise is headquartered.
- If an enterprise wishes to register for tax after its establishment, it shall submit its application directly at the tax office where the enterprise is located. Organizations and individuals will be responsible for withholding and paying tax instead of submitting tax registration documents at the tax agency directly managing such organization.
- The tax authority will issue a tax registration certificate to the taxpayer within 3 working days from the date of receipt of a complete and valid dossier as prescribed by law.
➤ Read more: Consulting on 3 popular types of businesses today.
Taxes that need to be declared after the business is established.Các loại thuế cần kê khai sau khi doanh nghiệp thành lập.
- Besides tax registration procedures after establishment, businesses also need to learn more about taxes and fees that need to be declared such as license fees, value added, corporate income and personal income.
- Newly established enterprises that are granted a new tax code will be exempted from license fees in the first year or start production and business activities (from January 1 to December 31). Submit the license fee declaration dossier no later than January 30 of the year following the year in which production or business is established or started.
- The newly established company conducts quarterly value-added tax declaration. After producing and doing business for 12 months or more, from the next calendar year, based on the revenue from selling products and providing services of the preceding calendar year, tax declaration will be made.
- In case the enterprise's total revenue from selling goods and providing services reaches VND 50 billion or less, the declaration shall be made quarterly, if it exceeds VND 50 billion, the declaration shall be made monthly.
- Based on the results of production and business, the enterprise shall temporarily pay the quarterly income tax amount no later than the third day of the quarter following the quarter in which the tax liability arises. Enterprises are not required to submit provisional CIT declarations quarterly. At the end of the fiscal year, enterprises shall declare and finalize CIT finalization.
- Enterprises declare personal income tax in two declaration periods, monthly and quarterly.
- Specifically: Quarterly declaration when the enterprise has declared VAT quarterly or monthly and has a personal income tax amount to be withheld under 50 million VND.
- Declare monthly when the business has declared VAT on a monthly basis and has a PIT amount to be withheld from 50 million VND or more.
- If there is no personal income tax in the month, the enterprise does not need to carry out declaration procedures.
➤ Read more: Business registration service..
The above is a guide to carry out tax registration procedures after setting up a business in 2022. If you have any questions or need support, please contact us immediately via Hotline 1800 6365 for a timely specialist. consulting and solving legal problems.
