My company has just been established since November, but has not been put into operation yet. So how will my company tax declaration have to be?
Newly registered businesses, having been granted a business certificate, need to carry out the following tax procedures with Vision to find out.
First, declare and pay license fees Pursuant to Item a.3, Point a, Clause 1, Article 5 of Circular 302/2016/TT-BTC, in case the fee payer has just established a business establishment but If the business is not yet engaged in production and business, the license fee must be declared within 30 days from the date of issuance of the business registration certificate.
The license fee level of the enterprise is based on the charter capital stated in the Certificate of Business Registration as prescribed in Clause 1, Article 4 of Circular 302/2016/TT-BTC, specifically as follows:
- Organizations with charter capital or investment capital over 10 billion VND: 3,000,000 (three million) VND/year;
- Organizations with charter capital or investment capital of 10 billion VND or less: 2,000,000 (two million) VND/year.
Second, the notice of voluntary application of VAT calculation by the deduction method (for enterprises subject to the application of the deduction method) Pursuant to Clause 3, Article 3 of Circular 119/2014/TT-BTC :
If an enterprise falls into the following cases, it can voluntarily apply the tax credit method:
- New enterprises established from investment projects of operating business establishments shall pay value-added tax by the deduction method.
- Newly established enterprises that make investment, purchase, receive capital contribution with fixed assets, machinery, equipment, tools, tools or have a contract to rent a business location. Pursuant to Clause 1, Article 1 of Circular 93/2017/TT-BTC: To apply the tax credit method, enterprises use VAT declaration No. 01/GTGT; or, VAT declaration No. 02/GTGT if there is an investment project submitted to the tax authority directly in the first VAT declaration period.
Third, notify the tax authority of the first order to print invoices. Pursuant to Article 8 of Circular 39/2014/TT-BTC: Enterprises applying value-added tax calculation according to the tax credit method are objects are ordered to print value-added invoices for use.
Therefore, newly established enterprises, if eligible, voluntarily apply the tax deduction method; then, send a written request for the use of printed invoices to the tax agency directly managing them.
