Lưu ý khi quyết toán thuế thu nhập doanh nghiệp năm 2020 – Gonnapass

            Note
Old law
New Law

Deadline
90 days from the end of the fiscal year
The last day of the third month from the end of the fiscal year

The company can re-submit the official declaration in time before the deadline
After submitting the official declaration, whether it is still within the declaration period or the deadline for declaration is over, the enterprise must prepare and submit an additional tax return.

If a taxpayer detects that a tax declaration dossier submitted to a tax agency is incorrect or incorrect, it may make an additional declaration in the tax declaration dossier of the tax period, but before it is announced by a competent tax agency or authority. inspection decision, test.
If taxpayers find that tax declaration dossiers already submitted to tax agencies are incorrect or incorrect, they may make additional declarations in the tax declaration dossiers of the tax period within 10 years, but before tax agencies or competent agencies the right to announce inspection and examination decisions.

Determine the deductible interest expense for related transaction
Total interest expense (after deducting deposit and loan interests) incurred in the deductible period when determining corporate income tax does not exceed 20% of the total net profit from operating activities in the period plus interest expenses ( after subtracting deposit and loan interests) incurred in the period plus depreciation costs incurred in the period
 

Ratio increased from 20% to 30%

– Non-deductible interest expenses cannot be carried over to the next period
– The above non-deductible interest expense is transferred to the next tax period when determining the total deductible interest expense in case the total deductible interest expense of the next tax period is lower than the total. interest expenses incurred.

The time for transferring interest expenses is continuous not exceeding 5 years from the year following the year the interest expense arises.

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– Update form according to Decree 68/2020 / ND-CP

Subjects of 30% reduction of payable corporate income tax in 2020
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– Enterprises with total revenue of fiscal year 2020 below 200 billion VND

– Enterprises are allowed to determine by themselves the reduced tax amount when temporarily paying quarterly CIT and finalizing CIT in 2020

Provisional corporate income tax
– During the 4-quarter declaration period, the enterprise must temporarily calculate and pay at least 80% of the payable corporate income tax amount of the year.
– During the first 3 quarters of the year declaration period, the enterprise must temporarily calculate and pay at least 75% of the payable CIT amount of the year, the missing part will be subject to late payment interest.

incentives  for Software production
– Determined according to the circular 16/2014/TT-BTTTT
– Determined according to the circular  13/2020/TT-BTTTT