Are incomes from indemnities paid under life insurance policies subject to personal lịch trực tiếp bóng đá hôm nay in Vietnam?
Are incomes from indemnities paid under life insurance policiessubject to personal lịch trực tiếp bóng đá hôm nay in Vietnam?
Based on Clause 12, Article 4 of theLaw on Personal lịch trực tiếp bóng đá hôm nay 2007, which stipulates tax-exempt lịch trực tiếp bóng đá hôm nay as follows:
Tax-exempt lịch trực tiếp bóng đá hôm nay
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- lịch trực tiếp bóng đá hôm nay from scholarships, including:
a) Scholarships received from the state budget;
b) Scholarships received from domestic and foreign organizations under their education promotion programs.
- lịch trực tiếp bóng đá hôm nay from indemnities paid under life insurance and non-life insurance contracts, compensation for labor accidents, state compensation, and other compensations as prescribed by law.
- lịch trực tiếp bóng đá hôm nay received from a charity fund permitted or recognized by a competent state authority, operating for charitable humanitarian purposes and not for profit.
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According to the above regulation, incomefrom indemnities paid under life insurance policiesis tax-exempt for personal lịch trực tiếp bóng đá hôm nay purposes.
Are incomes from indemnities paid under life insurance policiessubject to personal lịch trực tiếp bóng đá hôm nay in Vietnam? (Image from the Internet)
Who arepersonal lịch trực tiếp bóng đá hôm nay taxpayersin Vietnam?
According to Article 2 of theLaw on Personal lịch trực tiếp bóng đá hôm nay 2007, the subjects required to pay personal lịch trực tiếp bóng đá hôm nay are:
Taxpayers
- Taxpayers are resident individuals with taxable lịch trực tiếp bóng đá hôm nay defined in Article 3 of this Law arising both inside and outside the territory of Vietnam, and non-resident individuals with taxable lịch trực tiếp bóng đá hôm nay defined in Article 3 of this Law arising within the territory of Vietnam.
- Resident individuals are those who meet one of the following conditions:
a) Being present in Vietnam for 183 days or more in a calendar year or for 12 consecutive months from the first day of presence in Vietnam;
b) Having a regular residence in Vietnam, including having a registered place of permanent residence or a rented house for residence in Vietnam under a term lease.
- Non-resident individuals are those who do not meet the conditions specified in Clause 2 of this Article.
Thus, according to the above provisions, taxpayers are resident individuals with taxable lịch trực tiếp bóng đá hôm nay defined in Article 3 of theLaw on Personal lịch trực tiếp bóng đá hôm nay 2007arising both inside and outside of Vietnam, and non-resident individuals with taxable lịch trực tiếp bóng đá hôm nay defined in Article 3 of theLaw on Personal lịch trực tiếp bóng đá hôm nay 2007arising within Vietnam.
Resident and non-resident individuals are determined as follows:
- Resident individuals are those who meet one of the following conditions:
+ Being present in Vietnam for 183 days or more in a calendar year or for 12 consecutive months from the first day of presence in Vietnam;
+ Having a regular residence in Vietnam, including having a registered place of permanent residence or a rented house for residence in Vietnam under a term lease.
- Non-resident individuals are those who do not meet one of the following two conditions:
+ Being present in Vietnam for 183 days or more in a calendar year or for 12 consecutive months from the first day of presence in Vietnam;
+ Having a regular residence in Vietnam, including having a registered place of permanent residence or a rented house for residence in Vietnam under a term lease.
How to determine the personal lịch trực tiếp bóng đá hôm nay period in Vietnam?
According to Article 7 of theLaw on Personal lịch trực tiếp bóng đá hôm nay 2007, amended by Clause 3 Article 1 of theAmended Law on Personal lịch trực tiếp bóng đá hôm nay 2012, the determination of the personal lịch trực tiếp bóng đá hôm nay period is as follows:
Firstly, for resident individuals
- The tax period is annually for lịch trực tiếp bóng đá hôm nay from business; lịch trực tiếp bóng đá hôm nay from wages and salaries;
- The tax period is on each occasion lịch trực tiếp bóng đá hôm nay arises for lịch trực tiếp bóng đá hôm nay from investment; lịch trực tiếp bóng đá hôm nay from transferring capital, except lịch trực tiếp bóng đá hôm nay from securities transfer; lịch trực tiếp bóng đá hôm nay from real estate transfer; lịch trực tiếp bóng đá hôm nay from winning prizes; lịch trực tiếp bóng đá hôm nay from royalties; lịch trực tiếp bóng đá hôm nay from franchising; lịch trực tiếp bóng đá hôm nay from inheritance; lịch trực tiếp bóng đá hôm nay from gifts;
- The tax period can be per transaction or annually for lịch trực tiếp bóng đá hôm nay from securities transfer.
Additionally, the annual tax period for business lịch trực tiếp bóng đá hôm nay and wage/salary lịch trực tiếp bóng đá hôm nay is guided in Article 6 ofCircular 111/2013/TT-BTCas follows:
- If, in the calendar year, an individual is present in Vietnam for 183 days or more, the tax period is calculated on a calendar year basis.
- If, in the calendar year, an individual is present in Vietnam for less than 183 days but, in 12 consecutive months from the first day of presence in Vietnam, is present for 183 days or more, the first tax period is determined to be the 12 consecutive months from the first day of presence in Vietnam. From the second year, the tax period is based on the calendar year.
Secondly, for non-resident individuals
The tax period for non-resident individuals is determined per each occasion that taxable lịch trực tiếp bóng đá hôm nay arises, applicable to all taxable lịch trực tiếp bóng đá hôm nay.
