According to guidelines of the Department of Taxation of Ha Noi city, an employee’s “annual assessable income” for declaration of PIT finalization is the sum of taxable income of each month determined according to Article 7, Article 8 of Circular No. 111/2013/TT-BTC .
In case the income payer makes false declaration that causes deficiency in taxes payable, it shall be subject to handling of tax administrative violation according to Article 16 of Decree No. 125/2020/ND-CP (the fine shall equal 20% of the underpaid tax amount).
Regarding application for refund of PIT for the employee that authorizes the income payer to make tax finalization, it shall be carried out according to point a clause 1 Article 42 of Circular No. 80/2021/TT-BTC .
Time limit for processing tax refund claim is 06 working days from the day on which the tax authority issues the notice of receipt of the claim (for a claim eligible for refund before inspection); 40 working days (for a claim subject to inspection before refund) (Article 75 of the Law on Tax administration No. 38/2019/QH14) .
|Published||Vietlaw's Newsletter No. 593|