Many accountants struggle with filing submit initial tax return online 2024. Preparing and filing your first tax return is a must for any new business. The article below describes the basic requirements for a tax return and the notes that cannot be ignored when filing this document. Therefore, business accountants can refer to the information below to have the most useful experience.

1. Contents of submit initial tax return online 2024

After registering to establish a business, the unit must complete the procedure for submitting initial tax declaration online. Normally, the first time a newly established company needs to prepare a set of tax declaration documents to submit to the competent authority, including the following requirements:

1.1 Initial tax declaration documents that the enterprise needs to prepare

The first tax declaration that the enterprise must submit includes the following documents:

• Registration and use of company invoices
• Decision to appoint an accountant (if the company already has a chief accountant)
• Decision to appoint a Director or Director of the Company
• Application for fixed asset depreciation method (if there are fixed assets)
• Business information registration form
• Royalty report
• Business registration certificate
• Authorization letter (if requesting to represent the company)

1.2 Procedures that the enterprise needs to complete before submitting the tax declaration

Enterprises must complete the following basic steps before submitting the initial tax declaration online in 2024:

• For business signs at the headquarters: The sign must have the headquarters address main, corporate tax code, company name… A tax manager will come to your company to see if you can see the signs. Whether it is fully prepared or suspended, and how the company operates.
• Buy a digital signature (Token, Digital Certificate): This is a mandatory step that every company must perform when establishing. This digital signature will be used to submit the resource tax declaration to the General Department of Taxation’s website.
• Open a company account and deposit money into the account. The company presents money into the account with a digital signature and pays the license fee to the Treasury.

2. Procedure for submit initial tax return online 2024

The procedure for submitting initial tax declaration 2024 includes the following steps:

Step 1: Open a bank account and purchase a digital signature

After obtaining a business license, the enterprise must open a bank account and obtain a digital signature for the enterprise. Enterprises wishing to declare taxes electronically must have a digital signature to submit tax declarations online. In addition, companies that pay taxes electronically to the tax authority must also have a bank account.

The company’s accountant can open a bank account by contacting the bank where the company wants to work. After receiving the account from the bank, within 10 days the company will register a bank account through the Ministry of Planning and Investment or the company’s website. Please note that the company will be fined if it fails to register within the time limit.

Currently, there are many services on the market that provide high-quality digital signatures and digital certificates. Customers can use Viet My, a digital signature provider chosen by many organizations and businesses.

Step 2: Register and pay the license fee

After having a bank account and a digital signature, the next step is to declare and pay the license fee.

Business accountants can report royalties using reporting support software. Then leave the XML format declaration blank and submit online. In addition, accountants can declare taxes electronically. If the declaration of loyalty is successful, the company must pay the royalties immediately to avoid delays or penalties. Companies should also pay attention to the deadline for paying the license fee. The most recent business declaration corresponds to the first month of the month in which the business started.

Step 3: Select the method of reporting personal income tax, VAT and invoices

Currently, there are 2 methods of reporting corporate tax, the direct method and the indirect method, suitable for 2 reporting periods: monthly or quarterly. If you are a new company, please select Quarterly Report. The company’s revenue tax must be paid on the 30th of the first month of the following quarter.

In case the declared invoice is an electronic invoice, the enterprise shall notify the invoice issuance immediately before use after successfully registering and providing the invoice. Arbitrarily using an electronic invoice without notifying the issuing enterprise will be subject to penalties. If the company uses sales invoices or direct declaration, the accountant can contact the tax department managing the company about the purchase.

Companies are not required to submit income tax returns. If the business is profitable, the accountant can provisionally calculate and submit to the tax department based on the operating results and statistics.

Step 4: Choose the method of accounting and depreciation of fixed assets

Circular No. 45/2013/TT-BTC clearly states: “According to the provisions of this Circular, enterprises can decide on the method and time of depreciation of fixed assets and notify the relevant tax authorities”.

It can be simply understood that before depreciating fixed assets, enterprises need to notify the tax authorities directly managing these assets.

The appropriate form of the accounting system should be determined according to our business scope.

• Enterprises with large business volumes must apply the accounting regime according to Circular 200/2014/TT-BTC.
• Small and medium-sized enterprises are the subjects applying the accounting regime according to Circular 133/2016/TT-BTC.

3. Procedure for submitting initial tax declaration online 2024

Step 1: Open a bank account and buy a digital signature

Once you have a business registration certificate -> that means you have a business tax code, register a bank account and buy a digital signature (token).

Bank account (to pay taxes electronically)

Steps to open a bank account, please contact the bank you want to open directly.

Buy a digital signature (many brands, different prices)

Step 2: Declare and pay business tax:

Once you have an electronic signature and a bank account, you proceed to declare and pay registration fees and business tax (deadline is January 30 of the year following the year of establishment). A penalty will be applied for late payment.

You can register through HTKK software and export XML to submit online, or you can register online at Thuedientu.

Once you have successfully submitted your business license tax declaration, you will have to pay the business license tax (excluding late business license tax).

Note: To pay electronic money, you must register for electronic tax payment (that is, after opening a bank account, you must register a bank account on Thuedientu).

Step 3: Choose the method of declaring VAT + PIT + Invoice

There are 2 methods of declaring VAT: deduction declaration and direct declaration.

There are 2 reporting periods: monthly and quarterly (newly established companies report quarterly)

Conditions for choosing the method of declaring VAT and the method of declaring VAT…

The deadline for submitting the quarterly VAT declaration is no later than the last day of the first month.

4. Location and time for submitting tax declaration documents for enterprises in 2024

Depending on the nature of the investment, the Department of Planning and Investment will have related transfer documents to the tax department, so that enterprises can easily contact and work directly.

4.1 Location for submitting tax declaration documents for enterprises

The district-level tax authority where the company has its head office is the tax authority that directly manages the company. This supervisory authority will be identified in the tax authority’s notice sent to the company. After the enterprise completes the establishment process and procedures, the Ministry of Planning and Investment will issue a notice and a business registration certificate to the enterprise.

4.2 Time for submitting initial tax declaration documents online in 2024

In the case of operating immediately after being granted a business license, the latest time for submitting the initial tax declaration is the last day of the month stated on the business license.

In case the company has been granted a business license but has not yet started operating, the deadline for submitting the first tax declaration is 30 days from the date stated on the business license. However, it is advisable to complete the procedures and the first tax declaration as soon as possible.

5. Things to note when submitting the first tax return

Many other documents must be submitted in parallel with the initial tax return

• When preparing the company’s first tax return, taxpayers should also be careful to ensure that the following documents are fully prepared and submitted to ensure the integrity of the company’s first tax return.
• Electronic invoice registration form. Taxpayers prepare 02 copies of this form and submit them to the tax office under their jurisdiction.
• Business license fee declaration. This declaration can be done online directly from the electronic portal of the General Department of Taxation. And it must be submitted before you submit the first tax return. Pay the license fee. Applicants can easily pay this fee into their bank account.

Businesses should consider the following when preparing and submitting the first tax return:

• Prepare 02 official letters to register the form and accounting system of the business. This includes issues such as accounting form, import and export form of goods, applicable accounting system, accounting method, type of invoice used, accounting form, etc.
• Draft 02 official letters to register the accounting system that the company plans to deploy.
• Register the method of depreciation of fixed assets with the tax authority (according to Circular 45/2013/TT-BTC). In addition, businesses must carry out two additional items on their tax declaration.
• 01 copy of the authorization letter, if the person submitting the application is not the legal representative of the company, a copy of the authorization letter

In addition, customers can refer to the company accounting service, Viet My will help you solve difficulties in tax declaration documents.

Above is the most detailed guide to submit initial tax return online 2024 for newly established companies. We hope that through this article, VIET MY LAW AND ACCOUNTING can provide you with the most useful and necessary information. For any questions or support, please contact the hotline for direct consultation.