Deadline for registration of VAT declaration method is extended to 15th March 2014

On 28th February 2014, The General Department of Taxation issued Official Letter No. 624/TCT-CS on registration of VAT declaration method.

Enterprises, cooperatives which have revenue below 1 billion VND and have not registered for VAT declaration method (Form 06/GTGT) must submit the registration form before 15th March 2014.

·           If the enterprise is eligible to apply deduction method and decide to apply this method, the enterprise shall fill in Form 06/GTGT as follows:

“… our company would like to register with the tax authority to adopt deduction method. The applied period is from the year 2014…”

·           If the enterprise is not eligible to apply deduction method and must adopt direct method, the enterprise shall fill in Form 06/GTGT as follows:

 

“…our company would like to register with the tax authority to adopt direct method. The applied period is from the year 2014…”