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ACS Newsletter F E B R U A R Y V I E T N A M The monthly newsletter of the American Citizen Services Units of the U.S. Embassy Hanoi and the U.S. Consulate General Ho Chi Minh City INSIDE THIS ISSUE:
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Viet is an acronym for Value-added Tax (VAT), Individual income tax (Personal Income Tax), Enterprise income tax, and Tax on exploitation of natural resources.
Individuals, businesses, and organizations that meet the criteria set by the tax authority are required to file Viet.
Viet can be filled out either manually by completing the appropriate forms provided by the tax authority or electronically through their online portal.
The purpose of Viet is to ensure that individuals and businesses pay the correct amount of taxes based on their income and activities.
Information such as income, expenses, deductions, credits, and any other relevant financial data must be reported on Viet.
The deadline to file Viet in 2023 is usually April 15th for individual taxpayers and March 15th for businesses and organizations.
The penalty for late filing of Viet can vary depending on the tax authority, but it could include fines, interest charges, and other penalties.
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