lịch trực tiếp bóng đá hôm nayDo shareholders have to pay personal income tax when transferring their shares to others in Vietnam?

Which shareholders may transfer their shares to others in Vietnam?

According to lịch trực tiếp bóng đá hôm nay provisions at point d, clause 1, Article 115 of lịch trực tiếp bóng đá hôm nayLaw on Enterprises 2020regarding lịch trực tiếp bóng đá hôm nay rights of ordinary shareholders as follows:

Rights of Ordinary Shareholders

1. Ordinary shareholders have lịch trực tiếp bóng đá hôm nay following rights:

a) Attend, speak at shareholder meetings, and exercise lịch trực tiếp bóng đá hôm nay right to vote directly or through authorized representatives or other forms as stipulated by lịch trực tiếp bóng đá hôm nay company's charter and law. Each ordinary share has one vote;

b) Receive dividends at lịch trực tiếp bóng đá hôm nay rate determined by lịch trực tiếp bóng đá hôm nay General Meeting of Shareholders;

c) Pre-emptive rights to purchase new shares corresponding to lịch trực tiếp bóng đá hôm nay proportion of ordinary shares owned by each shareholder in lịch trực tiếp bóng đá hôm nay company;

d) Transfer their shares to others, except as stipulated in clause 3, Article 120, clause 1, Article 127 of this Law, and other relevant legal provisions;

dd) Inspect, examine, and extract information about names and contact addresses in lịch trực tiếp bóng đá hôm nay list of voting shareholders; request corrections for their incorrect information;

e) Review, examine, extract or copy lịch trực tiếp bóng đá hôm nay company’s charter, lịch trực tiếp bóng đá hôm nay minutes of shareholder meetings, and resolutions of lịch trực tiếp bóng đá hôm nay shareholders' general assembly;

g) Upon lịch trực tiếp bóng đá hôm nay dissolution or bankruptcy of lịch trực tiếp bóng đá hôm nay company

...

Thus,ordinary shareholders have lịch trực tiếp bóng đá hôm nay right to transfer their shares to others, except as stipulated in clause 3, Article 120 of lịch trực tiếp bóng đá hôm nayLaw on Enterprises 2020, clause 1, Article 127 of lịch trực tiếp bóng đá hôm nayLaw on Enterprises 2020, and other relevant legal provisions.

Do shareholders have to pay personal income tax when transferring their shares to others in Vietnam? (Image from lịch trực tiếp bóng đá hôm nay Internet)

Do shareholders have to pay personal income tax when transferring their shares to others in Vietnam?

According to lịch trực tiếp bóng đá hôm nay provisions at clause 4, Article 2 ofCircular 111/2013/TT-BTC(amended by Article 4 ofCircular 25/2018/TT-BTC) on taxable income from capital transfer subject to personal income tax as follows:

Taxable Income

Under lịch trực tiếp bóng đá hôm nay provisions of Article 3 of lịch trực tiếp bóng đá hôm nay Law on Personal Income Tax and Article 3 of Decree No. 65/2013/ND-CP, taxable personal income comprises:

...

4. Income from capital transfer

Income from capital transfer includes income individuals receive from:

a) Income from transferring contributed capital in limited liability companies (including single-member limited liability companies), partnerships, business cooperation contracts, cooperatives, credit unions, economic organizations, and other organizations.

b) Income from transferring securities, including: income from transferring shares, rights to purchase shares, bonds, treasury bills, fund certificates, and other types of securities as stipulated in clause 1, Article 6 of lịch trực tiếp bóng đá hôm nay Law on Securities.Income from transferring shares of individuals in joint-stock companies according to clause 2, Article 6 of lịch trực tiếp bóng đá hôm nay Law on Securities and Article 120 of lịch trực tiếp bóng đá hôm nay Law on Enterprises.

c) Income from capital transfer in other forms.

Thus, income from transferring one's shares to others is still subject to personal income tax.

How to calculate personal income tax for income from transferring shares to others in Vietnam?

lịch trực tiếp bóng đá hôm nay calculation method for personal income tax on income from transferring shares to others is stipulated in clause 2, Article 11 ofCircular 111/2013/TT-BTC(amended by Article 16 ofCircular 92/2015/TT-BTC) as follows:

Base for Tax Calculation on Income from Capital Transfer

...

2. For income from transferring securities

lịch trực tiếp bóng đá hôm nay base for tax calculation on activities of securities transfer includes taxable income and tax rate.

a) Taxable income

Taxable income from securities transfer is determined by lịch trực tiếp bóng đá hôm nay transfer price of securities for each transaction.

a.1) lịch trực tiếp bóng đá hôm nay transfer price of securities is determined as follows:

a.1.1) For securities of public companies traded on lịch trực tiếp bóng đá hôm nay Stock Exchange, lịch trực tiếp bóng đá hôm nay transfer price is lịch trực tiếp bóng đá hôm nay execution price at lịch trực tiếp bóng đá hôm nay Stock Exchange. lịch trực tiếp bóng đá hôm nay execution price is lịch trực tiếp bóng đá hôm nay securities price determined by matching orders or prices formed from negotiated transactions at lịch trực tiếp bóng đá hôm nay Stock Exchange.

a.1.2) For securities not covered in lịch trực tiếp bóng đá hôm nay above case, lịch trực tiếp bóng đá hôm nay transfer price is lịch trực tiếp bóng đá hôm nay price recorded in lịch trực tiếp bóng đá hôm nay transfer contract or actual transfer price or lịch trực tiếp bóng đá hôm nay price according to lịch trực tiếp bóng đá hôm nay accounting books of lịch trực tiếp bóng đá hôm nay unit holding lịch trực tiếp bóng đá hôm nay securities at lịch trực tiếp bóng đá hôm nay time nearest to lịch trực tiếp bóng đá hôm nay financial statement reporting as stipulated by lịch trực tiếp bóng đá hôm nay accounting law prior to lịch trực tiếp bóng đá hôm nay transfer.

b) Tax rate and tax calculation:

Individuals transferring securities pay tax at a rate of 0.1% on lịch trực tiếp bóng đá hôm nay transfer price of securities for each transaction.

Tax Calculation:

Personal income tax payable = Transfer price of securities for each transaction x Tax rate 0.1%

...

Thus,lịch trực tiếp bóng đá hôm nay method to calculate personal income tax on income from transferring shares to others is: