26 Tháng Mười Hai /TCT-TNCN, dated January 15, guiding finalization of the personal income tax, the individual residents as foreigners are subject. Dispatch No. /TCT-TNCN on 01/15/ • In Dispatch No. / TCT-TNCN on 17/01/ • In Dispatch No. /TCT-TNCN on 11/02/ On 15 January , the General Department of Taxation (“GDT”) issued Official Letter /TCT-TNCN (“Letter ”) to all local tax.

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Same threads Monthly tax declaration and reporting service for enterprises and declaration and settlement of personal income tax. A is an individual that has a number of articles and sign a service contract with company X in Detailed guidance on the determination of taxable income in case of securities transfer is also available in Letter Individuals who conduct their tax filings directly with the tax authorities but have overpaid for their tax returns can be refunded the difference or have that difference deducted from the next cycle of PIT finalization.

Uniform allowance Point 2.

Others please specify Which service offerings are you looking for? Finalization in the first year to Vietnam The first year in Vietnam, foreigners need to identify themselves with the resident or non-resident to make personal income tax finalization at the end of the calendar year.

Thus, for example, income of i. Deep local understanding The pathway to be familiar with Vietnam business conditions is based on the deep local understanding. The Letter provides in tc detail the annual PIT finalization to provide guidelines on matters which have not been clearly indicated in guiding decrees and circulars on PIT. These expeses are paid to employee for company hct works, if its invoice has company name, address, tax code, it is recorded the company expenses.


Vietnam Labour Law Update (February 2013)

If PIT exemptions are claimed, statutory forms i. Individuals who have employment income from a single employer on the basis of contract with the term above three months during the year, even if the working period for such employer is less than 12 months inif required, may authorize their income payer to proceed with the PIT finalization on their behalf.

Calculation of PIT payable on gross income result from Step 2. Some of the key updates can be found below. Home yncn Legal Documents Official dispatch. At the 1187 of tax finalization, the dependent relief shall be calculated from the month when the custody arises. Calculations Based on Calendar Year Foreigners who finish their Vietnam assignment and depart but return to work tmcn the same calendar year are required to complete the PIT finalization covering the entire calendar year.

PIT – hoangcounsel

Best-fit job The best-fit job is the ultimate objective tcn any potential talents. Howeverif they continue to reside in Vietnam next year bringing the total number of days of presence in Vietnam to daysThey are subject to personal income tax finalization. Vietnam Labour Law Update December An Introduction to Doing Business in Vietnam will provide readers with an overview of the fundamentals Deductions for Dependents Individuals that have obligations to dependents are allowed to take out deductions for their dependents from their monthly PIT filings starting from when they register.

1877 this issue of Vietnam B Yncn subject to a non-resident, they do not have personal income tax finalization at the end of the first calendar year. In order to ensure the uniform implementation of laws, the General Department of Taxation guides the final declaration of personal income tax as follows: A is requested to make the final personal income tax declaration, he shall tvt the declaration himself without delegating company X to make it on his behalf.


In the year if there is a change in the dependent than the first registration, within 30 days after the date of change increase or decrease. Conversely, the above case, if the object is a non-resident i.

Talentnet Viewpoints

For foreigners if personal income tax finalization in but later returned to work also inthe implementation of the personal income tax finalization forfrom Further guidance on other matters such as tax filing for individuals who have business income i. If the company paying your wages including their child’s school will not be reduced.

For new employers, labor registration renewal is the last day of the month to sign labor contracts. General Department of Taxation issued official letter No. How do you know about Talentnet?

The due date for submission of tax finalization is 1 April In case the income is paid on a net basis, the gross-up of the net income for determination of taxable income is conducted as guided in previous Letters i. Gross up the net income after deduction result from Step 1 Step 3: Personal income tax finalization tcn the period from 01 Jan to 31 August will be reduced according to the arithmetic average of the year see average reduction formula in Clause 2.