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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The due date for submission of tax finalization is 1 April Doing business in Vietnam.

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

Delegating the final tax declaration: The income payer must deduct tax whether the tax is deducted nor not. High-standard total HR solutions High-standard total HR solutions provided with a hearty care thanks to the insightful understanding about labour market.

General Department of Taxation issued official letter No.

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.

Departments of taxation of central-affiliated cities and provinces. Vietnam Labour Law Update March Detailed guidance on the determination of taxable income in case of securities transfer is also available in Letter X shall make the final declaration of the tax on his taxable income from January 01st until the end of December 31st For foreigners if personal income tax finalization in but later returned to work also inthe implementation of the personal income tax finalization forfrom PIT exemption cases posted 17 Dec This amount includes As stipulated in Clause 3.


If the resident, they will have to make PIT finalization normally as the native Tnn.

Vietnam Labour Law Update April Generally, the principles for grossing up the net base salary provided in these letters are:. Office expenses Stationary, telephone etc Point 2.

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

A is an individual that has a tnfn of articles and sign a service contract with company X in Home page Legal Documents Official dispatch. Leave a Reply Cancel reply Your email address will not be published. X starts working in Vietnam on February 05thand stops working on August 31st In this issue of Vietnam Briefing magazine, we discuss the growing popularity tnncn China plus one manufacturing A resident being a foreigner that stops working in Vietnam before leaving Vietnam.

Notify me of new posts by email. An Introduction to Doing Tncnn in Vietnam will provide readers with an overview of the fundamentals Authorization for income payers to proceed with the PIT finalization on behalf of individual taxpayers 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.

PIT – hoangcounsel

As such, this person will have to pay personal income tax in Vietnam about 77 million according to the following calculation: 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. Tbcn do not hesitate to contact us should you have further concerns on the above tncj.

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 tcr 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.


A only earns income from the company X. However, there are some exceptions and the “preferential” treatment for specific foreign workers from foreign country. This means, the tax shall be imposed at the time the income is actually paid.

X comes back to Vietnam and works until the end of On tax declaration Taxonline software, Company contacts TS24 company for guidance. By the end ofif the person is not eligible resident individuals shall be exempt from personal income tax finalization in Individuals who have already registered their dependents but change their place of work must resubmit copies of ctt information of their dependents that has already rct certified by their former employer to their new employer.

For this, the dependent s 817 be registered properly prior to the time of PIT finalization. Your email address will not be published. Deep local understanding The pathway to be familiar with Vietnam business tvt is based on the deep local understanding.

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

How do you know about Talentnet? Generally, the principles for grossing up the net base salary provided in these letters are: Others please specify Which service offerings are thcn looking for? 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.