Effortless Tax Payment - Simple Secrets

This article emphasizes the importance of paying taxes and provides helpful advice on tax payment procedures. It explains the classification of common tax types, such as Personal Income Tax, Value Added Tax, Corporate Income Tax, and Business License Fee. It also outlines the steps for tax payment, including preparing documents, submitting them to the tax authority, and paying taxes through various methods such as electronic payment, direct payment, payment through authorized organizations, and payment through commercial banks. The article suggests consulting tax advisory experts for specific advice and offers contact information for free tax consultation. Paying taxes is the obligation and responsibility of every citizen and organization in accordance with the law. However, many people encounter difficulties in paying taxes due to a lack of understanding of the procedures, formalities, and related regulations. This article will provide you with helpful advice on tax payment, helping you fulfill this obligation easily, accurately, and effectively. 1. Classification of Common Tax Types Personal Income Tax, PIT, applies to individual income from work, business, investments, salaries, bonuses, wages, etc. Tax rates applied according to progressive scale from 5% to 40%. The tax base is the total taxable income of the individual during the tax period. Value Added Tax, VAT, applies to goods and services circulated and consumed in the market. The general tax rate is 10% and the preferential tax rates are 5% and 0%. The tax base is the value added of goods and services circulated and consumed in the market. Corporate Income Tax, TNDN, applies to the profits of businesses. The general tax rate is 20% and the preferential tax rates are 10% and 15%. The tax base is the pre-tax profit of the business. Business License Fee, applies to businesses and enterprises operating in the service sector. Tax rates are prescribed according to the type of service business and business location. The tax base is the revenue from the service business activities of the business or enterprise. In addition, individuals and businesses also need to pay other types of taxes such as property tax, export tax, import tax, environmental protection tax, land use fee, etc. Tax Payment Procedures. Prepare documents. Tax declaration form according to regulations. Invoices, documents related to business and production activities. Other supporting documents, if any. Submit tax declaration documents. Submit directly to the tax authority. Submit documents to the tax office according to the management area. Tax officials will guide you to complete the tax payment procedure. Submit documents by post. Send documents by post to the tax authority at the specified address. Clearly indicate the full name and address of the taxpayer on the postcard. Submit documents online. Submit documents through the National Electronic Portal, https://deichvieutzong.gov.vn, the website of the General Department of Taxation, https://www.gdte.gov.vn, or reputable electronic payment portals. You need to have an access account and follow the instructions on the system. Pay tax. Currently, there are the following methods for paying taxes. 1. Electronic Tax Payment. This is a service that allows taxpayers to create a state budget payment slip directly on the electronic portal of the tax authority and receive immediate confirmation of the tax payment transaction from the commercial bank. Conditions for electronic tax payment through the Internet include being an organization or business that has been granted a tax code slash business code and is operating. Having a digital certificate issued by a public digital signature certification service provider and which is still valid. Having a stable Internet connection and email address for communication with the tax authority. Currently making electronic tax declarations on the electronic portal of the tax authority. Having an account at a commercial bank, CB. 2. Direct Tax Payment. You can pay taxes at the state treasury or at the tax management agency where the tax declaration is received. 3. Tax Payment Through an Authorized Organization. Through an organization authorized by the tax management agency to collect taxes. 4. Tax Payment Through Commercial Banks. Through commercial banks, other credit institutions and service organizations as prescribed by law. In addition, you can also consult with tax advisory experts to receive specific advice on tax payments for your business or individual. If you encounter difficulties in tax payments, please contact us today for free tax consultation. TPM Tax Agency and Consulting Corporation. Plus 8428-3505-1800. Info at tpm.com.vn. https://tpm.com.vn