Accordingly, if the business is the object of VAT declarations quarterly or has the monthly personal income tax deduction for each type of declaration is below VND 50 million, the business is declared PIT quarterly. Conversely, is declared monthly. The declaration by month or quarter shall be determined after the first month of arising deduction and it is steady in the whole the year (Article 26)
Dependents must have the tax code number so that they are considered for family allowances. The tax agency will grant tax code automatically for this object at the time of application for deduction registration declaration. For dependents registered before the effective time of this Circular, they will continue to be deducted until having the new tax code (Article 24)
Income from inheritance or gift is property among family members are exempted from personal income tax, it is extended to house and construction which will be formed in the future (Article 3).
Persons who have occasional income under the current income tax rates (9 million / month) must have a personal new tax code to be allowed to make personal commitments to low-income exempt from withholding tax rate (Point i, Clause 1, Article 25)
The period of leasing house (183 days) as a basis for determining individual residing including the time he/she is at hotels, guest houses, motels, inns, work, ... and regardless of the individual or company lease (Article 1)
This Circular takes effect from the date of October 01, 2013. However, contents of the personal income tax policy in the Law on amending and supplementing a number of articles of the Law on Personal Income Tax and Decree No. 65/2013/ND-CP takes effect on July 1, 2013.
Abolishing guidance on personal income tax in the Circular No. 84/2008/TT-BTC of September 30,2008; No. 10/2009/TT-BTC of January 21, 2009; No. 42/2009/TT-BTC of September 3, 2009; No. 62/2009/TT-BTC of March 27, 2009; No. 161/2009/TT-BTC of August 12,2009; No. 164/2009/TT-BTC of August 13, 2009, No. 02/2010/TT-BTC of January 11, 2010; No. 12/2011/TT-BTC of January 26, 2011; No. 78/2011/TT-BTC of June 8, 2011; No. 113/2011/TT-BTC of August 4, 2011 of the Ministry of Finance.
Abolishing guidance contents of personal income tax issued by the Ministry of Finance prior to the date of this Circular may not be effective in accordance with the guidance in this Circular.
|Published||Vietlaw's Newsletter No. 114|