Is trực tiếp bóng đá euro hôm nay real estate transfer between spouses exempt from personal income tax in Vietnam?
Is trực tiếp bóng đá euro hôm nay real estate transfer between spouses exempt from personal income tax in Vietnam?
According to Article 4 of theLaw on Personal Income Tax 2007, as supplemented by Clause 3, Article 2 of theLaw amending the Tax Laws 2014, the following specific provisions regarding income exempt from personal income tax are as follows:
Tax-exempt income
- trực tiếp bóng đá euro hôm nay real estate transfer between spouses; biological parents and biological children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
- trực tiếp bóng đá euro hôm nay the transfer of residential houses, homestead land use rights, and assets attached to the homestead land in cases where the individual possesses only one residential house or parcel of homestead land.
- trực tiếp bóng đá euro hôm nay the value of land use rights of individuals given land by the State.
- trực tiếp bóng đá euro hôm nay inheritance and gifts of real estate between spouses; biological parents and biological children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
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Thus, according to the aforementioned provision, trực tiếp bóng đá euro hôm nay real estate transfer between spouses is exempt from personal income tax.
Is trực tiếp bóng đá euro hôm nay real estate transfer between spouses exempt from personal income tax in Vietnam? (Image from the Internet)
What income is exempt from personal income tax in Vietnam?
According to Article 4 of theLaw on Personal Income Tax 2007, supplemented by Clause 3, Article 2 of theLaw amending the Tax Laws 2014and amended by Clause 2, Article 1 of theLaw on Personal Income Tax Amendment 2012, the income exempt from personal income tax is prescribed as follows:
- trực tiếp bóng đá euro hôm nay real estate transfer between spouses; biological parents and biological children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
- trực tiếp bóng đá euro hôm nay the transfer of residential houses, homestead land use rights, and assets attached to the homestead land in cases where the individual possesses only one residential house or parcel of homestead land.
- trực tiếp bóng đá euro hôm nay the value of land use rights of individuals given land by the State.
- trực tiếp bóng đá euro hôm nay inheritance and gifts of real estate between spouses; biological parents and biological children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; paternal grandparents and grandchildren; maternal grandparents and grandchildren; siblings.
- Income of households and individuals directly engaged in agricultural, forestry production, salt making, aquaculture, yet to be processed into other products or only through preliminary processing.
- trực tiếp bóng đá euro hôm nay the conversion of agricultural land of households and individuals assigned by the State for production.
- trực tiếp bóng đá euro hôm nay interest on deposits at credit institutions, interest from life insurance contracts.
- trực tiếp bóng đá euro hôm nay remittances.
- Night shift wages, extra pay received higher than regular daytime wages as stipulated by law.
- Pensions paid by the Social Insurance Fund; monthly pensions from voluntary pension funds.
- trực tiếp bóng đá euro hôm nay scholarships, including:
+ Scholarships received from the state budget;
+ Scholarships received from domestic and foreign organizations under educational encouragement support programs.
- trực tiếp bóng đá euro hôm nay compensation for life and non-life insurance contracts, occupational accident compensation, state compensation, and other compensations as prescribed by law.
- Income received from charitable funds permitted by competent state agencies for establishment or recognition, operating for charitable, humanitarian purposes, non-profit seeking.
- Income received from foreign aid for charitable, humanitarian purposes in the form of government and non-government approved by competent state agencies.
- trực tiếp bóng đá euro hôm nay wages, salaries of Vietnamese sailors working for foreign ship lines or Vietnamese shipping lines operating internationally.
- Income of individuals as ship owners, individuals with ship use rights, and individuals working on ships from activities providing direct goods and services for offshore fishing activities.
What are regulations on thepersonal income tax periodin Vietnam?
According to Article 7 of theLaw on Personal Income Tax 2007as amended by Clause 3, Article 1 of theLaw on Personal Income Tax Amendment 2012, the personal income tax period is regulated as follows:
- The tax period for resident individuals is regulated as follows:
+ The annual tax period applies to trực tiếp bóng đá euro hôm nay business; trực tiếp bóng đá euro hôm nay wages and salaries;
+ The tax period for each occasion of income generation applies to trực tiếp bóng đá euro hôm nay capital investment; trực tiếp bóng đá euro hôm nay capital transfer, except for trực tiếp bóng đá euro hôm nay securities transfer; trực tiếp bóng đá euro hôm nay real estate transfer; trực tiếp bóng đá euro hôm nay winning prizes; trực tiếp bóng đá euro hôm nay copyrights; trực tiếp bóng đá euro hôm nay franchising; trực tiếp bóng đá euro hôm nay inheritance; trực tiếp bóng đá euro hôm nay gifts;
+ The tax period for each transfer or annually for trực tiếp bóng đá euro hôm nay securities transfer.
- The tax period for non-resident individuals is calculated for each occasion of income generation applied to all taxable income.
