Is overtime pay at night subject to personal income lịch trực tiếp bóng đá hôm nay in Vietnam?
Who arepersonal income taxpayers in Vietnam?
Pursuant to Article 1 ofCircular 111/2013/TT-BTC, as amended by Article 2 oflịch trực tiếp bóng đá hôm, taxpayers include:
- Resident individuals:
+ Present in Vietnam for 183 days or more within a calendar year or in 12 consecutive months from the first day of presence in Vietnam;+ Having a permanent place of residence in Vietnam;
+ Having taxable income.
- Non-resident individuals with taxable income.
Clause 4 Article 1 ofCircular 111/2013/TT-BTCstates that taxpayers include:
- Individuals with Vietnamese nationality (including individuals sent to work, labor, or study abroad with taxable income);
- Individuals without Vietnamese nationality but with taxable income (including: foreigners working in Vietnam, foreigners not present in Vietnam but having taxable income generated in Vietnam).
Is overtime pay at night subject to personal income lịch trực tiếp bóng đá hôm nay in Vietnam? (Image from Internet)
Is overtime pay at night subject to personal income lịch trực tiếp bóng đá hôm nay in Vietnam?
Pursuant to point i clause 1 Article 3 ofCircular 111/2013/TT-BTC, regulations on lịch trực tiếp bóng đá hôm nay-exempt income are as follows:
lịch trực tiếp bóng đá hôm nay-exempt income
- Pursuant to Article 4 of the Law on Personal Income lịch trực tiếp bóng đá hôm nay, Article 4 of Decree No. 65/2013/ND-CP, lịch trực tiếp bóng đá hôm nay-exempt income includes:
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i.1) The portion of wages and salaries paid higher due to working at night, overtime is lịch trực tiếp bóng đá hôm nay-exempt based on the actual wages and salaries paid due to working at night, overtime minus (-) the wages and salaries calculated according to regular working hours.
Example 2: Mr. A has a daily wage regulated by the Labor Code of VND 40,000/hour.
- If an individual works overtime on regular days, and is paid VND 60,000/hour, the lịch trực tiếp bóng đá hôm nay-exempt income is:
VND 60,000/hour – VND 40,000/hour = VND 20,000/hour
- If an individual works overtime on holidays or days off, and is paid VND 80,000/hour, the lịch trực tiếp bóng đá hôm nay-exempt income is:
VND 80,000/hour – VND 40,000/hour = VND 40,000/hour
i.2) Organizations and individuals paying income must make a detailed time sheet for night work, overtime, and additional wages paid due to night work, overtime paid to employees. This time sheet must be kept at the income-paying unit and presented upon request by the lịch trực tiếp bóng đá hôm nay authority.
The portion of wages and salaries paid higher due to working at night, overtime is lịch trực tiếp bóng đá hôm nay-exempt based on the actual wages and salaries paid due to working at night, overtime minus the wages and salaries calculated according to regular working hours.
Thus, only the portion of income (overtime pay) paid higher than the wages and salaries for regular working hours is lịch trực tiếp bóng đá hôm nay-exempt.
Whenare individuals with income from wages and salaries not required to finalize personal income lịch trực tiếp bóng đá hôm nay in Vietnam?
According to point d.3 clause 6 Article 8 ofDecree 126/2020/ND-CP, stipulated as follows:
Taxes declared monthly, quarterly, annually, per occurrence of lịch trực tiếp bóng đá hôm nay obligation and lịch trực tiếp bóng đá hôm nay finalization declarations
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Resident individuals with income from wages and salaries directly declare personal income lịch trực tiếp bóng đá hôm nay finalization with the lịch trực tiếp bóng đá hôm nay authorities in the following cases:
If there is additional lịch trực tiếp bóng đá hôm nay payable or overpaid lịch trực tiếp bóng đá hôm nay requested to be refunded or offset in the next lịch trực tiếp bóng đá hôm nay declaration period, except in the following cases: individuals with additional lịch trực tiếp bóng đá hôm nay payable after annual finalization of VND 50,000 or less; individuals with lịch trực tiếp bóng đá hôm nay payable less than the pre-paid lịch trực tiếp bóng đá hôm nay amount who do not request a lịch trực tiếp bóng đá hôm nay refund or offset in the next lịch trực tiếp bóng đá hôm nay declaration period; individuals with income from wages and salaries with labor contracts of 03 months or more at one unit, and additional spot income at other places averaging not more than VND 10 million per month in the year and have been deducted 10% personal income lịch trực tiếp bóng đá hôm nay if there is no request for lịch trực tiếp bóng đá hôm nay finalization for this income part; individuals whose employers buy life insurance (except voluntary pension insurance), other non-mandatory insurance with accumulated premiums where the employer or insurer has deducted 10% personal income lịch trực tiếp bóng đá hôm nay on the premium amount paid or contributed by the employer for the employee, the employee does not need to finalize personal income lịch trực tiếp bóng đá hôm nay for this income portion.
Individuals present in Vietnam less than 183 days in the first calendar year, but 183 days or more within 12 consecutive months from the first day present in Vietnam.
Foreign individuals ending their working contract in Vietnam must finalize lịch trực tiếp bóng đá hôm nay with the lịch trực tiếp bóng đá hôm nay authorities before leaving the country. If individuals have not finalized lịch trực tiếp bóng đá hôm nay with the lịch trực tiếp bóng đá hôm nay authorities, they must authorize the income-paying organization or other individuals or organizations to finalize lịch trực tiếp bóng đá hôm nay according to regulations. If the income-paying organization or other individuals or organizations accept the authorization, they are responsible for the additional lịch trực tiếp bóng đá hôm nay payable or refunds of overpaid lịch trực tiếp bóng đá hôm nay of the individuals.
Resident individuals with income from wages and salaries who are subject to lịch trực tiếp bóng đá hôm nay reduction due to natural disasters, fires, accidents, serious illnesses affecting their lịch trực tiếp bóng đá hôm nay payment ability do not authorize the income-paying organization or individuals to finalize taxes on their behalf but must directly finalize with the lịch trực tiếp bóng đá hôm nay authorities according to the regulations.
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Thus, individuals with income from wages and salaries are not required to finalize personal income lịch trực tiếp bóng đá hôm nay in the following cases:
- Individuals with additional lịch trực tiếp bóng đá hôm nay payable after annual finalization of VND 50,000 or less;- Individuals with lịch trực tiếp bóng đá hôm nay payable less than the pre-paid lịch trực tiếp bóng đá hôm nay amount who do not request a lịch trực tiếp bóng đá hôm nay refund or offset in the next lịch trực tiếp bóng đá hôm nay declaration period;
- Individuals with income from wages and salaries with labor contracts of 03 months or more at one unit, and additional spot income at other places averaging not more than VND 10 million per month in the year and have been deducted 10% personal income lịch trực tiếp bóng đá hôm nay if there is no request for lịch trực tiếp bóng đá hôm nay finalization for this income part;
- Individuals for whom employers buy life insurance (except voluntary pension insurance), other non-mandatory insurance with accumulated premiums where the employer or insurer has deducted 10% personal income lịch trực tiếp bóng đá hôm nay on the premium amount paid or contributed by the employer for the employee, the employee does not need to finalize personal income lịch trực tiếp bóng đá hôm nay for this income portion.
