Are gifts of movables required for registration from relatives exempt from personal income trực tiếp bóng đá hôm nay in Vietnam?

Are gifts of movables required for registration from relatives exempt from personal income trực tiếp bóng đá hôm nay in Vietnam?

Pursuant to Article 4 of the2007 Personal Income trực tiếp bóng đá hôm nay Law, supplemented by Clause 3, Article 2 of the2014 Law Amending trực tiếp bóng đá hôm nay Laws, the regulation is as follows:

trực tiếp bóng đá hôm nay-exempt Income

1. Income from real estate transfers between spouses; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.

2. Income from transferring houses, rights of homestead land use, and properties attached to the homestead land of individuals, in cases where the individual has only one house or homestead land.

3. Income from the value of land use rights granted by the State.

4. Income from inheritances, gifts that are real estate between spouses; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.

5. Income of households and individuals directly engaged in agriculture, forestry, salt production, aquaculture, and fishing that has not been processed into other products or has only undergone preliminary processing.

6. Income from the conversion of agricultural land allocated by the State for production by households or individuals.

7. Income from interest on deposits at credit institutions and life insurance contracts.

8. Income from remittances.

9. The portion of night-shift wages, overtime wages that is higher than the day-shift wages, and wages within normal working hours as stipulated by law.

10. Retirement pensions paid by the Social Insurance Fund; retirement pensions paid monthly by voluntary pension funds.

11. Income from scholarships, including:

a) Scholarships received from the state budget;

b) Scholarships received from organizations within and outside the country as part of the studying incentive program of such organizations.

12. Income from indemnities of life insurance contracts, non-life insurance, compensation for occupational accidents, state compensation, and other compensations prescribed by law.

13. Income received from charitable funds established or recognized by competent state authorities, operating for charitable, humanitarian purposes, non-profit.

14. Income received from foreign aid for charitable, humanitarian purposes, both governmental and non-governmental, approved by competent state authorities.

Therefore, one of the trực tiếp bóng đá hôm nay-exempt cases is income from receiving inheritances or gifts that are real estate between certain family members. Thus, even though a gift from a relative is a registered movable asset, it is not exempt from personal income trực tiếp bóng đá hôm nay.

Are gifts of movables required for registration from relatives exempt from personal income trực tiếp bóng đá hôm nay in Vietnam?(Image from the Internet)

Shall an employee suffering from a occupational accidentbe exempted from PIT in Vietnam?

Pursuant to Article 4 ofCircular 111/2013/TT-BTC, the regulation is as follows:

trực tiếp bóng đá hôm nay Reduction

According to Article 5 of the Personal Income trực tiếp bóng đá hôm nay Law, Article 5 of Decree No. 65/2013/ND-CP, taxpayers facing difficulties due to natural disasters, fires, accidents, severe illnesses affecting their trực tiếp bóng đá hôm nay payment capability are considered for a trực tiếp bóng đá hôm nay reduction corresponding to the extent of the damage but not exceeding the payable trực tiếp bóng đá hôm nay amount. Specifically, as follows:

1. Determining the Reduced trực tiếp bóng đá hôm nay Amount

a) trực tiếp bóng đá hôm nay reduction assessment is conducted by the trực tiếp bóng đá hôm nay year. Taxpayers experiencing difficulties due to natural disasters, fires, accidents, severe illnesses in any trực tiếp bóng đá hôm nay year are considered for a reduction in the payable trực tiếp bóng đá hôm nay amount for that year.

b) The trực tiếp bóng đá hôm nay payable as the basis for considering trực tiếp bóng đá hôm nay reduction is the total personal income trực tiếp bóng đá hôm nay the taxpayer has to pay in the trực tiếp bóng đá hôm nay year, including:

b.1) Personal income trực tiếp bóng đá hôm nay paid or deducted concerning income from capital investment, income from capital transfer, income from property transfer, income from winnings, income from royalties, income from franchise, income from inheritance, income from gifts.

b.2) Personal income trực tiếp bóng đá hôm nay payable concerning income from business and income from wages, salaries.

c) The basis for determining the extent of damage for trực tiếp bóng đá hôm nay reduction is the actual total cost to remedy the damage minus (-) the compensation received from insurance organizations (if any) or from the organizations or individuals causing the accident (if any).

d) The reduced trực tiếp bóng đá hôm nay amount is determined as follows:

d.1) If the payable trực tiếp bóng đá hôm nay amount in the trực tiếp bóng đá hôm nay year is greater than the extent of the damage, the reduced trực tiếp bóng đá hôm nay amount equals the extent of the damage.

d.2) If the payable trực tiếp bóng đá hôm nay amount in the trực tiếp bóng đá hôm nay year is less than the extent of the damage, the reduced trực tiếp bóng đá hôm nay amount equals the payable trực tiếp bóng đá hôm nay amount.

2. The procedures, documents for considering trực tiếp bóng đá hôm nay reduction, are implemented according to the legal guidance on trực tiếp bóng đá hôm nay management.

The regulation provides guidance when taxpayers face difficulties due to natural disasters, fires, accidents, or severe illnesses affecting their ability to pay taxes, they are considered for a trực tiếp bóng đá hôm nay reduction corresponding to the extent of the damage but not exceeding the payable trực tiếp bóng đá hôm nay amount.

Thus, in the case of an accident (including a occupational accident) that affects trực tiếp bóng đá hôm nay payment capability, a trực tiếp bóng đá hôm nay reduction corresponding to the extent of the damage is considered, but not exceeding the payable trực tiếp bóng đá hôm nay amount.

What are regulations on taxable personal income from real estate transfers in Vietnam?

Based on Clause 5, Article 2 ofCircular 111/2013/TT-BTC, taxable income from real estate transfers includes:

a) Income from transferring land use rights.

b) Income from transferring land use rights and assets attached to the land. Assets attached to the land include:

b.1) Houses, including future-formed houses.

b.2) Infrastructure and construction works attached to the land, including future-formed construction works.

b.3) Other assets attached to the land, including products of agriculture, forestry, fisheries (such as crops, livestock).

c) Income from transferring house ownership rights, including future-formed houses.

d) Income from transferring land rental rights, water surface rental rights.

đ) Income when contributing capital by real estate to establish a business or increase the business capital of enterprises as prescribed by law.

e) Income from the authorization of real estate management where the authorized person has the right to transfer real estate or has rights similar to real estate ownership as prescribed by law.

g) Other incomes received from real estate transfers in any form.