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.

Author: Togis Tygozahn
Country: Mongolia
Language: English (Spanish)
Genre: Medical
Published (Last): 2 March 2015
Pages: 150
PDF File Size: 1.72 Mb
ePub File Size: 1.79 Mb
ISBN: 860-2-32873-666-6
Downloads: 72937
Price: Free* [*Free Regsitration Required]
Uploader: Aralkree

Thus, for example, income of i.

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

The calculation of personal income tax in Vietnam after receiving overseas Gross salary posted 22 Jan Please do not hesitate to contact us should you have further concerns on the above matters. How do you know about Talentnet? The income payer must deduct tax whether the tax is deducted nor not. A resident being a foreigner that stops working in Vietnam before leaving Vietnam.

A is requested to make the final personal income tax declaration, he shall make the declaration himself without delegating company X to make it on his behalf.

In this issue of Vietnam B For further details or to contact the firm, please email vietnam dezshira.

Other individual taxpayers i. Accordingly, the reduction of family circumstance is measured from the time of filing the Registration dependents.

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. The due date for submission of tax finalization is 1 April Taxpayers and tax withholding agents that are subject to PIT finalization Letter reiterates circumstances where tax finalization is required, including: Office expenses Stationary, telephone etc Point 2.

Individuals subject to any of the above conditions must conduct PIT finalization by themselves directly with the tax office. By the end ofif the person is not eligible resident individuals shall be exempt from personal income tax finalization in Sincetndn Law No.


PIT exemption cases posted 17 Dec The final declaration of personal income tax is specified in the Law on Personal income tax, the Government’s Decree No. Then, if they continue to work to the end of the year, they need personal income tax finalization one tnn time for income in the period from the beginning of the year 1 Jan to the end of the year 31 Dec Year.

The subjects that make final tax declarations. 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.

At the time of tax finalization, the dependent relief shall gct calculated from the month when the custody arises. Which service offerings are you looking for?

PIT – hoangcounsel

Related reading May 01, X starts working in Vietnam on February 05thand stops working on August 31st Deep local understanding The pathway to be tdt with Vietnam business conditions is based on the deep local understanding. In case the income is paid on a net basis, the gross-up of the net income for determination of taxable income is conducted tcf guided in previous Letters i.

PIT finalization for foreigners first time come to Vietnam posted 18 Jan Generally, the principles for grossing up the net base salary provided in these letters are: This edition of Tax, Accounting, and Audit in Vietnam, updated foroffers a tctt overview of th Best-fit job The best-fit job is the ultimate objective for any potential talents.

Follow the instructions in Dispatch No.

Dependent registration dossiers are made in form No. Delegating the final tax declaration: Vietnam Labour Law Update December Gross up the net income after deduction result from Step 1 Step 3: General Department of Taxation issued official letter No. If subject to a non-resident, they do not have personal income tax finalization at the end of the first calendar year. However, just one year after the date of first entry to Vietnam, they need to aggregate the income within days prior to PIT finalization.


A is an individual that has a number of articles and sign a service contract with company X in If the resident, they will have to make PIT finalization normally as the native Vietnamese.

Talentnet Viewpoints

This means, the tax shall be imposed at the time the income is actually paid. These expeses are paid to employee for company office works, if its invoice has company name, address, tax code, it is recorded tnncn company expenses. PIT finalization procedures and how to declare can yncn the following instructions for each of the years of the General Department of Taxation: Gross up the net income after deduction result from Step 1. 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.

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

The deadline for finalization submission is 90 days from the date that is one year of entry to Vietnam. Calculations Based on Calendar Year Foreigners who finish their Vietnam assignment and depart but return to work in the same calendar year tbcn required to complete the PIT finalization covering the entire calendar year. Further guidance on other matters such as tax filing for individuals who have business income i.

Net base salary — less deductions for family circumstances i.