Mobile menu icon
MANAGE
CORPORATE INCOME TAX FOR QUARTER 4 AND 2023

MANAGE
CORPORATE INCOME TAX FOR QUARTER 4 AND 2023

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Logo VIVA Business Consulting (VIVA BCS) white background yellow

Post-tax profit is the payable CIT amount in a tax period, based on taxed income multiplied by tax rate. Taxable income in a tax period includes income from the production and trading of goods, provision of services and other incomes. The payable CIT amount in a tax period is taxed income multiplied by tax rate.

Deadlines for CIT payment in 2023:

  • The provisional CIT payment in Quarter 1/2023: No later than 04/05/2023.
  • The provisional CIT payment in Quarter 2/2023: No later than 31/07/2023.
  • The provisional CIT payment in Quarter 3/2023: No later than 30/10/2023.
  • The provisional CIT payment in Quarter 4/2023: No later than 30/01/2024.

The taxpayer shall determine the post-tax profit within the first 30 days of the quarter succeeding the quarter in which the liability is incurred and may deduct the post-tax profit that remains after fund contributions from the tax payable under the annual tax finalization dossier.

The total post-tax profit that remains after making fund contributions of 04 quarters must be at least 80% of that under the annual tax finalization dossier. In case of underpayment, late payment interest shall be charged on the arrears over the period from the date succeeding the deadline for paying the remaining post-tax profit of the fourth quarter to the date preceding the day on which the arrears are paid to state budget.

Late payment interest will not be charged on the increase in remaining post-tax profit due to adjustment to enterprise classification announced by the owner for the period from the day succeeding the deadline for paying the remaining post-tax profit to the deadline for announcing enterprise classification imposed by a competent authority.

Thus, to proactively manage and optimize corporate income tax for the 4th quarter and the whole year of 2023, you need to quickly review the financial statements for 9 months of 2023 and make a revenue plan – costs, approve the draft 2023 financial report before January 20, 2024.

We have been successfully providing service for thousands of leading companies from Hong Kong, Japan, US, EU, Singapore, India, China, Korea… in forms of FDI companies, Foreign representative offices, Foreigners working in Vietnam, Vietnamese SMEs, Chief Operation Officers. VIVA specializes in business compliance procedures according to local business laws and regulations since 2006. We keep our client’s in good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services,  VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

 

Read more:

Published date:

Share this post

TABLE OF CONTENT
Haven't found what you're looking for?
SEARCH
Our Services
Search