Official letter No. 9579/CTHN-TTHT dated March 7th, 2023 of the Department of Taxation of Ha Noi city regarding tax declaration, tax payment in relation to business cooperation contracts

The Department of Taxation of Ha Noi city notes that according to clause 6 Article 8 of Decree No. 126/2020/ND-CP (amended at clause 3 Article 1 of Decree No. 91/2022/ND-CP), enterprises may themselves determine enterprise income tax (EIT) temporarily paid quarterly and may deduct such provisional tax amount from the tax payable under the annual tax finalization dossier.

However, the total amount of provisional EIT paid in 04 quarters shall be at least 80% of the EIT payable under the annual tax finalization dossier. If the provisional EIT of 04 quarters is underpaid, late payment interest shall be charged on the tax arrears over the period from the date succeeding the deadline for paying provisional EIT of the fourth quarter to the date preceding the day on which tax arrears are paid.

Regarding revenue for EIT declaration with regard to business cooperation contracts, it shall be determined according to guidelines at Article 7 of Circular No. 78/2014/TT-BTC .