How to determine lịch trực tiếp bóng đá hôm nay basis for calculating personal income tax on income from technology transfer in Vietnam?

Is income from technology transfer subject to personal income tax in Vietnam?

Based on lịch trực tiếp bóng đá hôm nay provisions at Clause 7, Article 2 ofCircular 111/2013/TT-BTCregarding income from royalties as a category of taxable personal income as follows:

Taxable Income

According to 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 65/2013/ND-CP, taxable personal income includes:

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7. Income from royalties

Income from royalties is lịch trực tiếp bóng đá hôm nay income received when transferring, transferring lịch trực tiếp bóng đá hôm nay ownership rights, usage rights of intellectual property rights' objects as prescribed by lịch trực tiếp bóng đá hôm nay Law on Intellectual Property; income from technology transfer as prescribed by lịch trực tiếp bóng đá hôm nay Law on Technology Transfer. Specifically as follows:

a) lịch trực tiếp bóng đá hôm nay objects of intellectual property rights are implemented according to lịch trực tiếp bóng đá hôm nay provisions of Article 3 of lịch trực tiếp bóng đá hôm nay Law on Intellectual Property and related guiding documents, including:

a.1) Objects of copyright including literary works, artistic works, scientific works; objects of rights related to copyright include: recording, filming of broadcasting programs, satellite signals carrying encrypted programs.

a.2) Objects of industrial property rights include inventions, industrial designs, layout-designs of semiconductor integrated circuits, trade secrets, trademarks, trade names, and geographical indications.

a.3) Objects of rights to plant varieties which are breeding materials and harvested materials.

b) lịch trực tiếp bóng đá hôm nay objects of technology transfer are implemented according to lịch trực tiếp bóng đá hôm nay provisions of Article 7 of lịch trực tiếp bóng đá hôm nay Law on Technology Transfer, including:

b.1) Transfer of technical know-how.

b.2) Transfer of technological knowledge in lịch trực tiếp bóng đá hôm nay form of technology options, technological processes, technical solutions, formulas, technical specifications, drawings, technical diagrams, computer programs, data information.

b.3) Transfer of solutions for rationalizing production, technological innovation.

Income from lịch trực tiếp bóng đá hôm nay transfer, transfer of rights to lịch trực tiếp bóng đá hôm nay objects of intellectual property rights and lịch trực tiếp bóng đá hôm nay above-mentioned technology transfer also includes cases of re-transfer.

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Thus, income from technology transfer is one of lịch trực tiếp bóng đá hôm nay types of income from royalties and is subject to personal income tax.

How to determine lịch trực tiếp bóng đá hôm nay basis for calculating personal income tax on income from technology transfer in Vietnam?(Image from lịch trực tiếp bóng đá hôm nay Internet)

How to determine lịch trực tiếp bóng đá hôm nay basis for calculating personal income tax on income from technology transfer in Vietnam?

* For resident individuals:

Based on lịch trực tiếp bóng đá hôm nay provisions at Article 13 ofCircular 111/2013/TT-BTC, lịch trực tiếp bóng đá hôm nay tax base for income from royalties is taxable income and tax rate.

In which:

[1] Taxable Income

Taxable income from royalties is lịch trực tiếp bóng đá hôm nay portion of income exceeding 10 million VND as per lịch trực tiếp bóng đá hôm nay transfer contract, regardless of lịch trực tiếp bóng đá hôm nay number of payments or lịch trực tiếp bóng đá hôm nay number of times lịch trực tiếp bóng đá hôm nay taxpayer receives lịch trực tiếp bóng đá hôm nay income from transferring, transferring lịch trực tiếp bóng đá hôm nay rights to use lịch trực tiếp bóng đá hôm nay objects of intellectual property rights, technology transfer.

In case lịch trực tiếp bóng đá hôm nay same object of intellectual property rights, technology transfer but lịch trực tiếp bóng đá hôm nay transfer, rights transfer contract is executed through multiple contracts with lịch trực tiếp bóng đá hôm nay same user object, lịch trực tiếp bóng đá hôm nay taxable income is lịch trực tiếp bóng đá hôm nay portion of income exceeding 10 million VND calculated over lịch trực tiếp bóng đá hôm nay total contracts for transfer and rights transfer.

In case lịch trực tiếp bóng đá hôm nay transfer object, rights transfer is jointly owned, lịch trực tiếp bóng đá hôm nay taxable income is distributed among lịch trực tiếp bóng đá hôm nay individual owners. lịch trực tiếp bóng đá hôm nay distribution rate is based on lịch trực tiếp bóng đá hôm nay ownership or usage rights certificate issued by a competent State agency.

[2] lịch trực tiếp bóng đá hôm nay personal income tax rate for income from royalties is applied according to lịch trực tiếp bóng đá hôm nay full tax scale with a tax rate of 5%.

[3] lịch trực tiếp bóng đá hôm nay time of determining taxable income from royalties is lịch trực tiếp bóng đá hôm nay time of paying royalties.

* For non-resident individuals:

Based on lịch trực tiếp bóng đá hôm nay provisions at Clause 1, Article 22 ofCircular 111/2013/TT-BTC, lịch trực tiếp bóng đá hôm nay tax base for income from royalties is taxable income and tax rate.

In which:

[1] Taxable income from royalties for individuals is lịch trực tiếp bóng đá hôm nay portion of income exceeding 10 million VND per transfer contract, rights transfer of objects of intellectual property rights, technology transfer in Vietnam multiplied by a tax rate of 5%.

Income from royalties is determined according to lịch trực tiếp bóng đá hôm nay guidance at Clause 1, Article 13 ofCircular 111/2013/TT-BTC.

[2] lịch trực tiếp bóng đá hôm nay personal income tax rate for income from royalties is applied according to lịch trực tiếp bóng đá hôm nay full tax scale with a tax rate of 5%.

[3] lịch trực tiếp bóng đá hôm nay time of determining income from royalties is lịch trực tiếp bóng đá hôm nay time organizations or individuals pay income from royalty transfer to non-resident individuals.

Is taxable personal income calculated in Vietnamese Dong?

According to lịch trực tiếp bóng đá hôm nay provisions in Article 5 ofCircular 111/2013/TT-BTC, taxable personal income is calculated in Vietnamese Dong.

- In case taxable income is received in foreign currency, it must be converted into Vietnamese Dong at lịch trực tiếp bóng đá hôm nay average exchange rate on lịch trực tiếp bóng đá hôm nay inter-bank foreign currency market at lịch trực tiếp bóng đá hôm nay time lịch trực tiếp bóng đá hôm nay income arises.

- For foreign currencies without an exchange rate with Vietnamese Dong, they must be converted through a foreign currency that has an exchange rate with Vietnamese Dong.

- Taxable income received not in money must be converted into Vietnamese Dong according to lịch trực tiếp bóng đá hôm nay market price of that product or service or similar or equivalent products, services at lịch trực tiếp bóng đá hôm nay time lịch trực tiếp bóng đá hôm nay income arises.