đá bóng trực tiếpAre phone expenses for employees considered deductible expenses when calculating CIT in Vietnam?

Are phone expenses for employees considereddeductible expenseswhen calculating CIT in Vietnam?

Based onCông đá bóng trực tiếp 79557/CT-TTHT nămregarding corporate income tax and personal income tax concerning allowances paid to employees, đá bóng trực tiếp regulations are as follows:

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- Based on Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015, amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC guiding expenses that are deductible and non-deductible when determining CIT taxable income:

“1. Except for non-deductible expenses specified in Clause 2 of this Article, enterprises can deduct all expenses if they meet đá bóng trực tiếp following conditions:

a) đá bóng trực tiếp expense actually arises and is related to đá bóng trực tiếp production and business activities of đá bóng trực tiếp enterprise.

b) đá bóng trực tiếp expense has sufficient legal invoices and documents as prescribed by law.

c) When đá bóng trực tiếp expense involves đá bóng trực tiếp purchase of goods or services in individual transactions valued at 20 million VND or more (including VAT), payment must have non-cash payment documents. ...

2. Non-deductible expenses when determining taxable income include:

...2.6. Salaries, wages, and bonuses for employees in one of đá bóng trực tiếp following cases:

...b) Salaries, bonuses, expenditures for life insurance for employees are not specifically recorded as conditions and benefits in any of đá bóng trực tiếp following documents: Labor contract; Collective labor agreement; Financial regulations of đá bóng trực tiếp Company, Corporation, Group; Bonus regulations set by đá bóng trực tiếp Chairman of đá bóng trực tiếp Board, CEO, Director as per đá bóng trực tiếp company's financial regulations.

...- In cases where an enterprise signs a labor contract with an employee that records a housing allowance paid by đá bóng trực tiếp enterprise, such allowances are considered salaries or wages and have full invoices and documents as prescribed, they can be included in đá bóng trực tiếp deductible expenses when determining đá bóng trực tiếp taxable corporate income.

...2.9. Travel expenses for vacation leaves not in accordance with đá bóng trực tiếp regulations of đá bóng trực tiếp Labor Code.

Travel allowances for employees on business trips, travel expenses, and accommodation expenses for employees on business trips if they have full invoices and documents are calculated into deductible expenses when determining taxable income. In cases where đá bóng trực tiếp enterprise provides travel, accommodation, and per diem allowances for employees on business trips and follows đá bóng trực tiếp company’s financial regulations or internal regulations, đá bóng trực tiếp expenses can be included as deductible costs for travel, accommodation, and allowance payments.”

Based on đá bóng trực tiếp above regulations, if a Company provides a housing allowance, transportation costs (from home to company at a fixed monthly rate), phone expenses, attendance allowances for employees, recording specific conditions and benefits in one of đá bóng trực tiếp following documents: labor contracts; collective labor agreements; financial regulations of đá bóng trực tiếp Company, Corporation, Group; or bonus regulations as stipulated by đá bóng trực tiếp Chairman of đá bóng trực tiếp Board, CEO, Director as per đá bóng trực tiếp company’s financial regulations, then:

đá bóng trực tiếp housing allowance, transportation, and attendance allowance can be accounted for as deductible expenses in determining corporate taxable income if they meet đá bóng trực tiếp provisions of Article 4 of Circular No. 96/2015/TT-BTC and are included in đá bóng trực tiếp taxable personal income of đá bóng trực tiếp employee.

Regarding đá bóng trực tiếp phone allowance: đá bóng trực tiếp provision of phone expenses for individuals calculated as deductible when determining taxable corporate income under CIT laws can be deducted when determining taxable personal income.

If đá bóng trực tiếp Company provides phone expenses for employees exceeding đá bóng trực tiếp stipulated allowance, đá bóng trực tiếp excess must be included in taxable personal income.

Thus,if đá bóng trực tiếp Company provides phone expenses for employees, specifying đá bóng trực tiếp conditions and benefits in documents such as labor contracts; collective labor agreements; or financial regulations of đá bóng trực tiếp Company, Corporation, Group... this expense is deductible when calculating corporate income tax.

Are phone expenses for employees considereddeductible expenseswhen calculating CIT in Vietnam?(Image from đá bóng trực tiếp Internet)

Vietnam: Is đá bóng trực tiếp CIT tax period determined by đá bóng trực tiếp calendar year or đá bóng trực tiếp fiscal year?

According to Article 5 of đá bóng trực tiếpLaw on Corporate Income Tax 2008, đá bóng trực tiếp CIT tax periodis determined by đá bóng trực tiếp calendar year or đá bóng trực tiếp fiscal year, except in đá bóng trực tiếp following case:

đá bóng trực tiếp CIT tax period is determined per income occurrence for foreign enterprises as specified at point c and point d of clause 2 of Article 2Law on Corporate Income Tax 2008.

How is taxable income calculated during đá bóng trực tiếp CIT tax period in Vietnam?

According to Clause 1 of Article 7 of đá bóng trực tiếpLaw on Corporate Income Tax 2008, đá bóng trực tiếp taxable income during đá bóng trực tiếp CIT tax period is calculated by subtracting exempted income and losses carried forward from previous years from taxable income.