VietlawOnline

blue-check Issues relating to distribution of profits from private funds

Official letter No. 29737/CTHN-TTHT dated June 24th, 2022 of the Department of Taxation of Ha Noi city regarding guidelines on tax policy for private funds
Posted: 1/7/2022 1:21:08 PM | Latest updated: 14/7/2022 5:15:50 PM (GMT+7) | LuatVietnam: 5495
VietlawOnline

According to Article 7 of Circular No. 98/2020/TT-BTC, a private fund may distribute profits to its members (securities investors) by profits earned in the period or accumulated profits after the fund has fulfilled its tax liabilities and other financial obligations as prescribed by law.

The investors shall not pay enterprise income tax on the incomes earned from capital contribution to the private fund after the fund has paid tax (clause 6 Article 8 of Circular No. 78/2014/TT-BTC).

With regard to individual investors who receive profits in cash from investment in the private fund, they shall declare and pay PIT on incomes from capital investment at the tax rate of 5%.

Forms of tax declaration dossiers shall be carried out according to the regulations at Circular No. 80/2021/TT-BTC.

Ms Phuong Thao (VietlawOnline.com)
Please tag VietlawOnline.com when reposting this article

Related documents

Penalty document

Unknown

Information

Effective Date Unknown
ExpiredDate Unknown

Files attachment

enflag pdficon CV29737-24062022CTHN[VLO].pdf

Timeline

No data

Securities

blue-check Issues relating to distribution of profits from private funds
blue-check Fees and charges for management and supervision of securities activities
blue-check From March 25th, 2022: Provisions for investments in Government bonds shall not be made
blue-check Guidelines for preparation of pro forma financial statements (for securities companies)
blue-check New regulation on supervision of the compliance with laws of Vietnam Exchange
blue-check Conditions for banks performing securities-related activities
blue-check Increase in fines on violations against regulations on securities from January 1st, 2022
blue-check List of government bond market makers in 2022
blue-check Regulations on information disclosure of securities investors
blue-check From 2022: Securities companies shall apply the new financial regime
blue-check Schedule of prices of securities services from January 1st, 2022
blue-check Schedule of prices of securities services applied in stock exchanges from January 1st, 2022
blue-check Banks are only allowed to purchase corporate bonds when their non-performing loan ratio is less than 3%
blue-check Regarding PIT on income from securities transfer outside Vietnam
blue-check Regulations on performance of corporate actions for holders of securities at Vietnam Securities Depository from August 20th, 2021
blue-check Rules of trading of financial instruments among banks
blue-check Roadmap for reorganization of securities market
blue-check Conditions for trading derivatives under futures contracts
blue-check New regulations on obligations in securities trading of foreign investors
blue-check Regulations on financial management and investment of Vietnam Exchange