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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Authorization for income payers to proceed with the PIT finalization on behalf of individual taxpayers Individuals who have employment income from a single 1887 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.

Where the Company is filing family circumstances in which no tax stamp of the Tax Department is not sufficient basis for calculation of family circumstances for dependents. PIT exemption for air tickets on leave vacation The personal income tax exemption in this case applies only tcr a return air ticket rncn of the foreign labor contracting company and just accept the limit once a year. The Letter, however, further guides that in case, expatriates have terminated their Vietnamese assignments and conducted the PIT finalization prior 31 December, but subsequently return to work in Vietnam until the end oftheir average taxable income for PIT finalization at the year-end shall be calculated on the income for the whole year i.

Vietnam Labour Law Update March X comes back to Vietnam and works until the end of X starts working in Vietnam on February 05thand stops working on August 31st Individuals subject to any of the above conditions must conduct PIT finalization by themselves directly with the tax office.

As stipulated in Clause 3. Deep local understanding The pathway to be familiar with Vietnam business conditions is based on the deep local understanding.


PIT – hoangcounsel

Personal income tax finalization in 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. Our subscription service offers regular regulatory updates, including the most recent legal, tax and accounting changes that affect your business.

An Introduction to Doing Business in Vietnam This new page report touches on everything you need to know about doing business in Vietnam, and is now available as a complimentary PDF download on the Asia Briefing Bookstore. In this issue of Vietnam B Elementary school, middle school and high school or specific high school However, tuition fees paid by the Company shall be exempt added to taxable income. If they return and live a total of or more days in Vietnam, then they will be subject to PIT starting from 1 January not the date of their arrival.

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Guidance on 2012 Personal Income Tax (“PIT”) Finalization in Vietnam

How do you know about Talentnet? Inherite land from parents, does the heir have to pay personal income tax? Generally, the principles for grossing up tncb net base salary provided in these letters are:. Office expenses Stationary, telephone etc Point 2. At the end of this year, if Mr. Net base salary — less deductions for family circumstances i.

High-standard total HR solutions provided with a hearty care thanks to the insightful understanding about labour market. 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.

Thus, for example, income of i. Leave a Reply Tcy reply Your email address will not be published. A is an individual that has a number of articles and sign a service contract with company X in Job Search Sharing Corner.

Please do not hesitate to contact us should you have further concerns on the above matters. Calculations Based on Calendar Year Foreigners who finish their Vietnam assignment and depart but return to work in the same calendar year are required to complete the PIT tcn covering the entire calendar year.


If subject to a non-resident, they do not have personal income tax finalization at the end of the first calendar year. Your email address will not be published. This is still a tncb not answered. In this issue of Vietnam Briefing magazine, we discuss the growing popularity of China plus one manufacturing If the resident, they will have to make PIT finalization normally as the native Vietnamese.

Update: Personal Income Tax Finalization for Foreigners in Vietnam – Vietnam Briefing News

Departments of taxation of central-affiliated cities and provinces. The final declaration of personal income tax is specified in the Law on Personal income tax, the Government’s Decree No.

Detailed guidance on the determination of taxable income in case of securities transfer is also available in Letter Payroll and HR Outsourcing. Taxpayers and tax withholding agents that are subject to PIT finalization Letter reiterates fct where tax finalization is required, including: PIT finalization Guide Stay Ahead of the curve in Emerging Asia.

The exemption of personal income tax for foreigners posted 4 Feb 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. A PIT withholding receipt has been issued to them The employee did not sign a labor contract The employee signed a labor contract with a term of less than three months The employee signed a labor contract with a term of more than three months but they have more than one source of employment income The employee signed a service contract that already has 10 percent or 20 percent PIT withheld Individuals subject to any of the above conditions must conduct PIT finalization by themselves directly with the tax office.

This amount includes