Homeowners with houses for rent, or cars for rent, need to complete tax declaration procedures for property rental.
Procedure for filing property rental documents:
Step 1: Register Tax Identification Number (TIN) for individuals renting out property (Tax authority processes within 3-5 working days from the date of receiving complete documents)
Submission deadline is within 10 days from the date the property rental contract arises
Documents include:
Registration form: 03-ĐK-TCT (Attached file)
2 notarized copies of the ID card (CCCD) of the property lessor
2 photocopies of the property rental contract (bring original for tax authority verification)
2 Authorization letters for another individual to submit documents on behalf
2 photocopies of the authorized person's ID card (CCCD)
(Arrange into 2 separate sets)
Step 2: Receive the issued TIN
Step 3: Contact the tax officer to issue a password (via the registered phone number) according to the information on the TIN issuance appointment slip. Bring the authorization letter (if another individual is going on behalf)
Step 4: DECLARE PROPERTY RENTAL TAX AND PAY PROPERTY RENTAL TAX (Form No.: 01/TTS (Issued with Circular No. 40/2021/TT-BTC dated June 1, 2021, of the Minister of Finance) attached with Form 01-1/BK-TTS appendix of declaration) online: Login link: https://canhan.gdt.gov.vn/ICanhan/Request?&dse_sessionId=xoOUotpxMZsayk5JuNdS2sv&dse_applicationId=-1&dse_pageId=7&dse_operationName=retailUserLoginProc&dse_errorPage=error_page.jsp&dse_processorState=initial&dse_nextEventName=start
ID: issued tax identification number
PW: sent via the registered phone number
REGULATIONS ON SUBMISSION DEADLINES AND TAX CALCULATION METHODS
1. Deadline for submitting tax declaration documents and paying property rental tax
➤ Deadline for submitting property rental tax declaration documents
Depending on how individuals declare tax, the deadline for submitting documents will vary, specifically as follows: If an individual declares tax for each payment period, the deadline for submitting tax declaration documents is no later than the 10th day from the start of the rental period for that payment; If an individual declares tax once a year, the deadline for submitting tax declaration documents is no later than the last day of the first month of the following calendar year.
➤ Deadline for paying property rental tax
Individuals must pay property rental tax no later than the last day of the tax declaration submission deadline.
2. How to calculate VAT and Personal Income Tax for property rental
➤ The formula for calculating VAT that individuals renting out property need to pay is as follows:
VAT payable = VAT taxable revenue x 5%
➤ The formula for calculating Personal Income Tax that individuals renting out property need to pay is as follows:
Personal Income Tax payable = Personal Income Tax taxable revenue x 5%
➤ How to determine taxable revenue for property rental
Case 1: Rent already includes tax. Taxable revenue = Price paid by the lessor to the lessee
Case 2: Rent does not include tax. Taxable revenue = Price paid by the lessee to the lessor / 0.9
Download form 03DKTCT
Bui Ngoc Tram
Head of Technical Services Department