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

Individuals who have already registered their dependents but change their place of work must resubmit copies of the information of their dependents that has already been certified by their former employer to their new employer. A resident that earns 178 from wages and private business shall make final personal income tax declaration if: The due date for submission of tax finalization is 1 April For this, the dependent s must be registered properly prior to the time rncn PIT finalization.

PIT exemption cases posted 17 Dec Please do not hesitate to contact us should you have further concerns on the above matters. Leave a Reply Cancel reply Your email address will not be published. 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.

This amount includes Some of tcn key updates can be found below. 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.


However, just one year after the date of first entry to Vietnam, they need to aggregate the income within days prior to PIT finalization. Our fncn service offers regular regulatory updates, including the most recent legal, tax and accounting changes that affect your business.

Dependent registration dossiers are made in form No.

Vietnam Labour Law Update (February 2013)

Gross up the net income after deduction result from Step 1. The months being late of registration will not be reduced. How do you know about Talentnet? Home page Legal Documents Official dispatch.

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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 but 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.

If They arrive and depart from Vietnam in the same calendar year and are resident, PIT finalization declaration of personal income in Vietnam is calculated from the beginning of the year 1 Jan to the month leave Vietnam, regardless of the time of your entry is incorrect or after 1 Jan.

PIT – hoangcounsel

Doing business in Vietnam. Calculation of PIT payable on gross income result from Step 2. If 17 exemptions are claimed, statutory forms i. Further guidance on other matters such as tax filing for individuals who have business income i. In order to ensure the uniform implementation of laws, the General Department of Taxation guides the final declaration of personal income tax as follows: Where the Company is filing family circumstances in tcnn no tax stamp of the Tax Department is not sufficient basis for calculation of family circumstances for dependents.


Follow the instructions in Dispatch No.

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

Payroll and HR Outsourcing. When a individual that earns income from his or her wages under a long-term contract more than 03 months from only one place in a calendar year is requested to make final tax declaration, he or she may delegate the wage payer to make the final tax declaration on his or her behalf, even he or hncn has not worked for full 12 months.

X comes back to Vietnam and works until the end of By the end ofif the person is not eligible resident individuals shall be exempt from personal income tax finalization in PIT exemption for air tickets on leave vacation The personal income tax exemption in this case applies only to a return air ticket roundtrip of the foreign labor contracting company and just accept fncn limit once a year.

Best-fit job The best-fit job is the ultimate objective for any potential talents. The personal income tax refund shall comply with the provisions of Article 46 of Circular No.

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