The Ministry of Finance (MOF) stated that the deadline for filing the January 2021 tax return for business entities’ sales amount and tax payable or overpayment is extended to 17 February 2021 in response to Lunar New Year holidays.
The MOF noted that business entities shall file their January 2021 tax returns prior to 15 February 2021 according to Article 35 of the Value-added and Non-value-added Business Tax Act. Owing to the period from 10 February 2021 to 16 February 2021 being Lunar New Year holidays, the MOF is postponing the deadline for the tax filing and payment to 17 February 2021 according to Paragraph 4 of Article 48 of the Administrative Procedure Act, regardless of the filing method, such as manual filing, electronic filing, recording media filing, or internet filing used by taxpayers. Besides, in view of the Lunar New Year period being longer than in previous years, the business tax internet filing system will also continue to provide services until midnight, 19 February 2021 to cooperate with the above-mentioned extension date. Meanwhile, in order to facilitate business entities to file their tax returns, the business tax internet filing service will be available as usual during the Lunar New Year period. The MOF welcomes taxpayer fully utilized.
The MOF reminds taxpayers that if a business entity fails to file the sales amount and pays tax before 17 February 2021, it will be regarded as an overdue filing and payment case. According to Articles 49 and 50 of the Value-added and Non-value-added Business Tax Act, the business entity shall be liable for a belated filing or non-filing surcharge based on the tax payable from 20 February 2021; moreover, a fine or interest based on the late tax payment will be charged. The MOF appeals to business entities to pay attention to the above-mentioned extension date and complete their filing and payment before the deadline.
Press Release Contact: Miss. Su, Section Chief