Are charitable contributions a basis for bóng đá hôm nay trực tiếp calculation on income from wages and salaries in Vietnam?
Are charitable contributions a basis for bóng đá hôm nay trực tiếp calculation on income from wages and salaries in Vietnam?
Based on Article 7 ofCircular 111/2013/TT-BTC, the contents related to personal income bóng đá hôm nay trực tiếp for business individuals in this Article have been abolished by Clause 6, Article 25 ofCircular 92/2015/TT-BTC, which stipulates as follows:
Basis for bóng đá hôm nay trực tiếp calculation on taxable income from business, wages, and salaries
The basis for bóng đá hôm nay trực tiếp calculation on income from business and income from wages and salaries is taxable income and the bóng đá hôm nay trực tiếp rate. Specifically:
1. Taxable income is determined by taxable income as guided in Article 8 of this Circular minus (-) the following deductions:
a) Family circumstance deductions as guided in Clause 1, Article 9 of this Circular.
b) Insurance premiums and voluntary pension fund contributions as guided in Clause 2, Article 9 of this Circular.
c) Charitable contributions, humanitarian aid, and educational support as guided in Clause 3, Article 9 of this Circular.
- bóng đá hôm nay trực tiếp rate
The personal income bóng đá hôm nay trực tiếp rate for income from business, wages, and salaries is applied according to the partially progressive bóng đá hôm nay trực tiếp schedule stipulated in Article 22 of the Personal Income bóng đá hôm nay trực tiếp Law. Specifically:
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Charitable contributions as guided in Clause 3, Article 9 ofCircular 111/2013/TT-BTCwill not be taxable income used as a basis for personal income bóng đá hôm nay trực tiếp calculations. Specifically:
(1) Charitable contributions, humanitarian aid, and educational support are deducted from taxable income concerning income from business, wages, and salaries before calculating bóng đá hôm nay trực tiếp for resident taxpayers, including:
- Contributions to organizations and facilities caring for and raising children in especially difficult circumstances, disabled persons, and the elderly without shelters.
The organizations and facilities caring for and raising children in difficult circumstances, disabled persons, must be established and operate according to the regulations of the Government of Vietnam.
The documentation for proving contributions to organizations and facilities caring for and raising children in especially difficult circumstances, disabled persons, and the elderly without shelters is the legal receipt of these organizations and facilities.
- Contributions to charity funds, humanitarian funds, and educational support funds established and operating under the regulations of the Government of Vietnam and other related documents on the management and use of financial support sources.
The documentation for proving charitable, humanitarian, and educational support contributions is the legal receipt issued by the central or provincial organizations or funds.
(2) The charitable contributions, humanitarian aid, and educational support arising in any year are deducted from taxable income for the bóng đá hôm nay trực tiếp year in which they arise. If they cannot be fully deducted, they will not be deducted from taxable income for the following bóng đá hôm nay trực tiếp year.
The maximum deduction does not exceed the taxable income from wages and salaries and business income for the bóng đá hôm nay trực tiếp year in which the contributions are made.
Are charitable contributions a basis for bóng đá hôm nay trực tiếp calculation on income from wages and salaries in Vietnam? (Image from the Internet)
When is the deadline for submitting personal income bóng đá hôm nay trực tiếp finalization documents?
According to Clause 2, Article 44 of the2019 bóng đá hôm nay trực tiếp Administration Law, it is stipulated:
Deadline for submitting bóng đá hôm nay trực tiếp declaration documents
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2. The deadline for submitting bóng đá hôm nay trực tiếp declaration documents for taxes calculated on an annual basis is stipulated as follows:
a) No later than the last day of the third month from the end of the calendar year or fiscal year for annual bóng đá hôm nay trực tiếp finalization documents; no later than the last day of the first month of the calendar year or fiscal year for annual bóng đá hôm nay trực tiếp declaration documents;
b) No later than the last day of the fourth month from the end of the calendar year for personal income bóng đá hôm nay trực tiếp finalization documents for individuals directly conducting bóng đá hôm nay trực tiếp finalization;
c) No later than December 15 of the preceding year for bóng đá hôm nay trực tiếp declaration documents for presumptive bóng đá hôm nay trực tiếp of business households, individuals paying bóng đá hôm nay trực tiếp under the presumptive method; for new business households and individuals, the deadline is no later than 10 days from the commencement of business activities.
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Thus, the deadline for personal income bóng đá hôm nay trực tiếp finalization for the year 2024 is stipulated as follows:
- No later than March 31, 2024, for annual bóng đá hôm nay trực tiếp finalization documents.
- No later than May 4, 2024, for personal income bóng đá hôm nay trực tiếp finalization documents of individuals directly conducting bóng đá hôm nay trực tiếp finalization.
When are persons with income from wages and salaries not required to finalize personal income bóng đá hôm nay trực tiếp in Vietnam?
According to point d.3 clause 6, Article 8 ofDecree 126/2020/ND-CP, persons with income from wages and salaries are not required to finalize personal income bóng đá hôm nay trực tiếp in the following cases:
- Individuals have an additional bóng đá hôm nay trực tiếp liability of 50,000 VND or less after finalization for each year.
- Individuals have a bóng đá hôm nay trực tiếp liability smaller than the bóng đá hôm nay trực tiếp already temporarily paid and do not request bóng đá hôm nay trực tiếp refunds or carryovers to the next bóng đá hôm nay trực tiếp period.
- Individuals have income from wages and salaries under labor contracts of three months or more at one unit and have additional freelance income averaging less than 10 million VND per month for the year and have already had 10% personal income bóng đá hôm nay trực tiếp withheld. If they do not request finalization, they do not have to finalize the bóng đá hôm nay trực tiếp on this portion of income.
- Individuals whose employers purchased life insurance (excluding voluntary pension insurance), other non-compulsory insurance with cumulative insurance premiums, and the employer or the insurer has withheld 10% personal income bóng đá hôm nay trực tiếp on the corresponding insurance premiums paid or contributed by the employer, the employees are not required to finalize the personal income bóng đá hôm nay trực tiếp on this portion of income.
