How much infrequent income is subject to personal income vtv2 trực tiếp bóng đá hôm nay in Vietnam?
What is infrequent income in Vietnam?
Currently, neither the general law nor vtv2 trực tiếp bóng đá hôm nay law specifically defines what infrequent income is. However, in common understanding, this is income arising from salaries and wages that does not occur regularly, is random in nature, and is unstable. These incomes are often not associated with an individual's official job or main income source.
Additionally, based on point c, clause 2, Article 2 ofCircular 111/2013/TT-BTC, infrequent income can include remunerations received in forms such as:
+ Commission for goods sale agency, brokerage commission;
+ Fees for participating in scientific and technical research projects;
+ Fees for participating in projects, schemes;
+ Royalties as stipulated by law on royalties; fees for participating in teaching activities;
+ Fees for participating in cultural, artistic, physical, and sports performances; advertising services fees;
+ Other service fees, other remunerations.
How much infrequent income is subject topersonal income vtv2 trực tiếp bóng đá hôm nay in Vietnam? (Image from the Internet)
How much infrequent income is subject to personal income vtv2 trực tiếp bóng đá hôm nay in Vietnam?
Based on point i, clause 1, Article 25 ofCircular 111/2013/TT-BTCstipulates:
vtv2 trực tiếp bóng đá hôm nay Deduction and vtv2 trực tiếp bóng đá hôm nay Deduction Certificate
1. vtv2 trực tiếp bóng đá hôm nay Deduction
...
i) vtv2 trực tiếp bóng đá hôm nay deduction for certain other cases
Organizations and individuals that pay salaries, wages, and other payments to resident individuals without labor contracts (as instructed at points c and d, clause 2, Article 2 of this Circular) or with labor contracts of less than three (03) months must deduct vtv2 trực tiếp bóng đá hôm nay at a rate of 10% on the income before payment if the total payment is from two million (2,000,000) VND/time or more.
In cases where the individual has only the income subject to a deducted vtv2 trực tiếp bóng đá hôm nay rate as mentioned but estimates that their total taxable income, after personal exemptions, does not reach the taxable threshold, the individual must make a commitment (according to the form issued with the document guiding vtv2 trực tiếp bóng đá hôm nay management) to the income-paying organization to temporarily not deduct personal income vtv2 trực tiếp bóng đá hôm nay.
Based on the recipient's commitment, the income-paying organization shall not deduct vtv2 trực tiếp bóng đá hôm nay. At the end of the vtv2 trực tiếp bóng đá hôm nay year, the income-paying organization must still compile a list and income of individuals not reaching the vtv2 trực tiếp bóng đá hôm nay deduction threshold (into the form issued with the document guiding vtv2 trực tiếp bóng đá hôm nay management) and submit it to the vtv2 trực tiếp bóng đá hôm nay authorities. Individuals making commitments must take responsibility for their declarations, and fraudulent cases will be handled according to the Law on vtv2 trực tiếp bóng đá hôm nay Administration.
Individuals making a commitment as guided in this point must have taxpayer registration and a vtv2 trực tiếp bóng đá hôm nay code at the time of commitment.
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According to these regulations, individuals receiving infrequent income from two million (2,000,000) VND/time or more must have the income payer deduct vtv2 trực tiếp bóng đá hôm nay at a rate of 10% on the income before payment to the individual.
Conversely, for infrequent income below 2 million VND, the individual will not be subject to vtv2 trực tiếp bóng đá hôm nay assessment and deduction.
Except in cases where the individual has only the income subject to deduction as mentioned but estimates that their total taxable income, after personal exemptions, is below the taxable threshold, the individual must make a commitment (according to the form issued with the document guiding vtv2 trực tiếp bóng đá hôm nay management) to the income-paying organization to temporarily not deduct personal income vtv2 trực tiếp bóng đá hôm nay. Provided that:
- The individual has taxpayer registration and a vtv2 trực tiếp bóng đá hôm nay code.
- The individual is responsible for the content of the commitment.
Based on the recipient's commitment, the income-paying organization does not deduct vtv2 trực tiếp bóng đá hôm nay. At the end of the vtv2 trực tiếp bóng đá hôm nay year, the income-paying organization must still compile a list and income of individuals not reaching the vtv2 trực tiếp bóng đá hôm nay deduction threshold (into the form issued with the document guiding vtv2 trực tiếp bóng đá hôm nay management) and submit it to the vtv2 trực tiếp bóng đá hôm nay authorities.
Downloadthe form 08/CK-TNCN for the declaration of no personal income vtv2 trực tiếp bóng đá hôm nay liability
What is the current personal exemption level in Vietnam?
According to Article 1 ofResolution 954/2020/UBTVQH14stipulating the personal exemption level as follows:
Personal exemptionlevel
Adjusting the personal exemption level stipulated in clause 1, Article 19 of the Law on Personal Income vtv2 trực tiếp bóng đá hôm nay No. 04/2007/QH12, as amended and supplemented by Law No. 26/2012/QH13, as follows:
1. The deduction level for taxpayers is 11 million VND/month (132 million VND/year);
2. The deduction level for each dependent is 4.4 million VND/month.
- Deduction level for taxpayers is 11 million VND/month (132 million VND/year);
- Deduction level for each dependent is 4.4 million VND/month.
