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Late submission penalties for individuals and organizations are a measure imposed by the tax authorities to ensure businesses report their business activities on time to understand the actual operations of the enterprise. If you're looking for the latest penalties for late tax return filing, you can refer to the article below.
The latest penalties for late tax return submission
1. Deadline for Tax Return Submission in 2022.
2. Penalties for Late Tax Return Submission.
3. Some Frequently Asked Questions.
1. Deadline for Tax Return Submission in 2022
According to Articles 44 and 46 of the 2019 Tax Management Law, the deadline for tax return submission is as follows:
2. Penalties for Late Tax Return Submission
Based on Article 13 of Decree 125/2020/ND-CP, the penalties for late tax return submission are as follows:
- This is the fine amount applicable to organizations, while for individuals, the fine amount is half of the aforementioned fine.
- Depending on the number of days of late tax return submission, the penalty varies. Additionally, if late tax return submission leads to late tax payment, the violator must pay the full amount of the late payment.
- Reference: Penalties for late tax submission
3. Some Frequently Asked Questions
3.1 Penalty Calculation for Violations with Both Aggravating and Mitigating Circumstances
According to Clause 4, Article 7 of Decree 125/2020/ND-CP, when calculating the fine amount for cases involving both aggravating and mitigating circumstances, each mitigating circumstance shall offset one aggravating circumstance.
3.2 Do households and small businesses receive the same fine as organizations or individuals for violations?
According to Clause 4, Article 7 of Decree 125/2020/ND-CP, in the case of taxpayers being households or small businesses, the fine amount applied is the same as for individuals.
3.3 What is the Penalty for Submitting Multiple Late Tax Returns at Once?
According to Clause 3, Article 5 of Decree 125/2020/ND-CP, if a taxpayer submits multiple late tax returns for multiple tax periods but with the same tax rate at the same time:
- They shall be penalized for one instance of late tax return submission with the highest fine amount;
- And aggravated violations shall be applied for multiple offenses.
If there are late tax returns falling under tax evasion, they shall be separately penalized for tax evasion.
Here is the information on penalties for late tax return submission that we provide. Everyone should take note of the tax return submission deadlines to avoid penalties.
