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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Taxpayers and tax withholding agents that are subject to PIT finalization Letter reiterates circumstances where tax finalization is required, including: Vietnam’s labor force is one of the major drivers of foreign investment in Vietnam. The months being late tncj registration will not be reduced.

For new employers, labor registration renewal is the last day of the month to sign labor contracts. For this, the dependent s must be registered properly prior to the time of PIT finalization. Your email address will not be published.

However, just one year after the date of first entry to Vietnam, they need to aggregate the income within days prior to PIT finalization. Some of the key updates can be found below. Gross up the net income after deduction result from Step 1. Vietnam Labour Law Update March If They arrive and depart from Vietnam in the same calendar year and are resident, PIT finalization declaration of personal income in Vietnam is calculated from the beginning of the year 1 Jan to the month leave Vietnam, regardless of the time of your entry is incorrect or after 1 Jan.

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.

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The personal income tax refund shall comply with the provisions of Article 46 of Circular No. Our subscription service offers regular regulatory updates, including the most recent legal, tnn and accounting changes that affect your business.

Please do not hesitate to contact us should you have further concerns on the above matters. If subject to a non-resident, they do not have personal income tax finalization at the end of the first calendar year. For further details or to contact the firm, please email vietnam dezshira. As stipulated in Clause 3. At the end of this year, if Mr.


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PIT exemption for air tickets on leave vacation The personal income tax exemption in this case applies only to a return air ticket roundtrip of the foreign labor contracting company and just accept the limit once a year. Vietnam Labour Law Update December Notify me of new posts by email.

The exemption of personal income tax for foreigners posted 4 Feb Leave a Reply Cancel reply Your email address will not be published.

tndn An Introduction to Doing Business in Vietnam will provide readers with an overview of the fundamentals 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. As such, this person will have to pay personal income tax in Vietnam about 77 million according to the following calculation: Vietnam Labour Law Update April At the time of tax finalization, the dependent relief shall be calculated from the month when the custody arises.

A is an individual that has a number of articles and sign a service contract with company X in Gross up the net income after txt result from Step 1 Step 3: Deep local understanding The pathway to be familiar with Vietnam business conditions is based on the deep local understanding.

Calculation of PIT payable on gross income result from Step 2.

Update: Personal Income Tax Finalization for Foreigners in Vietnam

In order to ensure the uniform implementation of laws, the General Department of Taxation guides the final declaration of personal income tax as follows: If the resident, they will have to make PIT finalization normally as the native Vietnamese. Please contact the company tax agencies directly managing to solve. High-standard 817 HR solutions provided with a fncn care thanks to the insightful understanding about labour market.

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

Accordingly, the reduction of family circumstance is measured from the time of filing the Registration dependents. If the company paying your wages including their child’s school will not be reduced. Howeversince 1 Sept long time toif the total number of days of residence in Vietnam for days or more or a house lease contract of 90 days or morethey must pay personal income tax finalization for the period from 1 Sept to 31 August within 3 months from the date of 31 August ie one year after the date of first entry.


Thus, for example, income of i. Individuals who have already registered their dependents but change their place of work must resubmit copies of the information of their dependents that has already been certified by their former employer to their new employer.

A resident being a foreigner that stops working in Vietnam before leaving Vietnam.

PIT – hoangcounsel

PIT finalization procedures and how to declare can see the following instructions for each of the years of the General Department of Taxation: Office expenses Stationary, telephone etc Point 2.

These expeses are paid to employee for company office works, if its invoice has company name, address, tax code, it is recorded the company expenses. On September 15thMr. Authorization for income payers to proceed with the PIT finalization on behalf of individual taxpayers.

X makes the final declaration of the tax on his taxable income from January 01st until the end of August 31st Then, if they continue to work to the end of the year, they need personal income tax finalization one more time for income in the period from the beginning of the year 1 Jan to the end of the year 31 Dec Year. When a individual that earns income from his or her wages under a long-term contract more than 03 months from only one place in a calendar year is requested to make final tax declaration, he or she may delegate the wage payer to make the final tax declaration on his or her behalf, even he or she has not worked for full 12 months.

Generally, the principles for grossing up the net base salary provided in these letters are: The pathway to be familiar with Vietnam business conditions is based on the deep local understanding. The Letter provides in more detail the annual PIT finalization to provide guidelines on matters which have not been clearly indicated in guiding decrees and circulars on PIT.