Personal tax returns deadline extended

The Ministry of Finance has agreed to extend the deadline for taxpayers to complete processing and payment of 2009 personal income taxes to the end of July – two months later than the initial due date of May 31.
The Ministry of Finance has agreed to extend the deadline for taxpayersto complete processing and payment of 2009 personal income taxes to theend of July – two months later than the initial due date of May 31.

A large number of income tax filings were late this year,necessitating the extension, said the head of the General

Department of Taxation's Personal Income Tax Unit, Ngo Dinh Quang,estimating that only about 80 percent of individual and corporate incometax filers had submitted complete dossiers by May 31.

Tax offices were also burdened by the large influx of last-minutefilings, Quang admitted. Online filing systems had also not been workingproperly, further increasing the administrative burden, he said.

Online tax filings at www.tncnonline.com.vn were firstauthorised under the Law on Personal Income Taxation last July, but thewebsite has proven of limited value, according to Thai Van Anh, directorof the HCM City branch of KTC Assurance and Business AdvisorsCo.

Few taxpayers had used the website due to itslack of a solid verification system that would assure taxpayers that taxauthorities had received their submission, Anh said.

"When it comes to tax filing, a day late can result in a heavy fine,so enterprises don't feel the need to risk it," she said.

"They'd rather stick to the old reliable method of submitting to thetax offices directly. The software is there to help enterprises make taxfilings in accordance with the formal procedures of the department, butafter they complete the filing, they still have to deliver it to thetax authorities to be keyed in."

Bui Ngoc Tuan,director of taxation for Deloitte Vietnam , said the system had beenuseful to organisations, but few individual taxpayers were yet familiarwith the systems.

In a number of cases, taxpayershad income from more than one source or supplemental income fromtransfer of property or inheritances, and then the process to provesources of income and the applicable forms and procedures becameexceedingly complicated to many taxpayers, Tuan said.

This marks the second time the ministry has extended the deadline forpaying 2009 personal income taxes. The first deadline, March 31, wasmoved back by two months in February to give taxpayers more time tobecome familiar with new declaration forms and regulations./.

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