Pursuant to the Law on Tax Administration 2019 issued by the XIV National Assembly and coming into force on July 01, 2020.
– Accordingly, the time limits for submission of tax returns with respect to types of taxation to be calculated at year-based interval as follows:
Thus, individual taxpayers submitting PIT finalization documentation in person can be granted extension of the submission deadline (90th day at the latest from the end date of calendar year or fiscal year as provided in existing regulations).
– In addition, this Law contains several new important contents, such as:
– Electronic invoices and evidencing documents enter into force from July 01, 2022.
Under clause 2 Article 35 of Decree No.119/2018/ND-CP specifying electronic invoices previously: the implementation of e-invoices and e-invoices with tax authorities’ identification codes as provided by Decree 119/2018 shall be completed by enterprises, economic or other organizations, business households and individuals by November 1, 2020.