Official Dispatch No. 2812/CTBDI-TTHT dated September 28, 2022 of the Tax Department of Binh Dinh Province guiding the declaration of corporate income tax and offsetting obligations of dependent accounting branches with income eligible for corporate income tax incentives
In case the Company has its head office in Long An province, has a branch in Binh Dinh province as a dependent accounting business establishment located in another province or city with its head office and income entitled to corporate income tax incentives , then:
- Regarding the declaration of final settlement of corporate income tax of the branch:
Declare separately for income entitled to corporate income tax incentives of Binh Dinh Branch according to the provisions of Point h, Clause 1, Article 11 of Decree 126/2020/ND-CP dated October 19, 2020 of the Government and Point c2, Clause 3, Article 17 of Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance.
- Regarding the offset of tax obligations
According to point a. 1.a. 2 Clause 1 Article 25 of Circular 80/2021/TT-BTC, in case the overpaid corporate income tax amount in Binh Dinh province is not offset against the underpaid corporate tax amount in Long An province because it is different from the budget area.
In case the declaring unit replenishes the final settlement of corporate income tax, adjusts the tax payable due to reallocation, the late payment must arise for the increased amount of tax payable if the increase in tax allocated at the branch is adjusted.
