The General Department of Taxation has announced the Notification on Reminder of the obligation to file an annual income tax return for the tax year 2024.

As pursuant to Article 8 and Article 29 of the Law on Taxation dated 16 May 2023 and Instruction No. 3140 on Tax on Income-TOI E-Filing dated 18 February 2021and Notification No. 339 on Annual Income Tax Return Submission for Year 2024 dated 06 January 2025.The General Department would like to remind administrators, and enterprise owners who is a taxpayer under the self-declaration regimes, that they are obligated to file and pay income tax for the tax year 2024.

As of now, the GDT has observed that some enterprises have already met their obligations, but there are still some enterprises that have not yet fulfilled their obligations. In this regard, the General Department of Taxation would like to remind and confirm that for the failure to submit the declaration and payment of income tax to the tax administration on time, will results in administrative punishments as stated in the law and legal documents on tax in force.

Therefore, to avoid such penalties, enterprises must complete their filing and tax payment for the year 2024 by March 31, 2025. Additionally, the tax return must be filed online through the Tax on Income-ToI E-Filing system as per Instruction No. 3140 dated 18 February 2021.

The General Department of Taxation encourages, the administrator or the owner of the enterprise, to cooperate and submit the declaration and pay income tax in accordance to the law in force.

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