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blue-check Cases in which gifts given to employees shall be subject to PIT

Official letter No. 46550/CTHN-TTHT dated September 22nd, 2022 of the Department of Taxation of Ha Noi city regarding personal income tax (PIT) on gifts given to employees
Posted: 28/9/2022 7:51:44 AM | Latest updated: 29/9/2022 3:39:13 PM (GMT+7) | LuatVietnam: 5546 | Vietlaw: 580
VietlawOnline

In case a company gives gifts to its employees, if the gifts are not securities, capital contributions, real estate or assets subject to the registration of ownership according to the regulations at clause 10 Article 2 of Circular No. 111/2013/TT-BTCstatus2 , they shall be exempt from PIT. In contrast, if the gifts are securities, capital contributions, real estate or assets subject to the registration of ownership, they shall be subject to PIT.

With regard to other benefits (in cash or not in cash) paid to employees as salary, wage, it is required to calculate PIT in terms of salary, wage according to the regulations at clause 2 Article 2 of Circular No. 111/2013/TT-BTCstatus2 .

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 580

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