Time limit for payment of provisional CIT

Pursuant to Article 55, Law on Tax Administration No. 38/2019/QH14 on tax payment deadlines, for corporate income tax, it is temporarily paid quarterly, the deadline for tax payment is the 30th of the first month of the following quarter.

On the other hand, according to Decree No. 91/2022/ND-CP amending and supplementing the provision on temporary payment of CIT as follows:

The total amount of temporarily paid CIT for four quarters must not be less than 80% of the payable CIT amount according to the annual finalization. In case taxpayers pay less than the tax payable for four quarters, they must pay a late payment interest calculated on the underpaid tax amount from the day following the last day of the fourth quarter CIT temporary payment deadline to the day preceding the previous day. the date of payment of the outstanding tax amount into the state budget.

Thus, the time limit for provisional CIT payment is calculated as follows:

- Quarterly, enterprises shall base themselves on quarterly production and business results to determine the provisional CIT amount of that quarter.

- The total temporarily paid CIT amount of 04 quarters must not be less than 80% of the payable CIT amount according to the final settlement of that year.

- In case the enterprise pays tax less than the temporarily paid tax amount for 4 quarters, it must pay a late payment interest calculated on the underpaid tax amount from the day following the last day of the fourth quarter CIT payment deadline to the remaining tax payment date. lack of reality.

Phan Thanh Nam
CEO FAMA.