Is prize money associated with trực tiếp bóng đá việt nam hôm nay titles awarded by trực tiếp bóng đá việt nam hôm nay State of Vietnam subject to personal income tax?

Is prize money associated with trực tiếp bóng đá việt nam hôm nay titles awarded by trực tiếp bóng đá việt nam hôm nay State of Vietnamsubject to personal income tax?

Based on point e, clause 2, Article 2 ofCircular 111/2013/TT-BTCwhich stipulates that rewards in cash or not in cash in any form, including stock bonuses, except for trực tiếp bóng đá việt nam hôm nay following bonuses:

Item (1)Bonuses accompanying titles awarded by trực tiếp bóng đá việt nam hôm nay State, including bonuses accompanying emulation titles and reward forms as prescribed by law on emulation and commendation, specifically:

- Bonuses accompanying emulation titles such as National Emulation Soldier; Emulation Soldier of Ministry, sector, central agencies, provinces, and centrally-run cities; Basic Emulation Soldier, Advanced Labor, Advanced Soldier.

- Bonuses accompanying forms of commendation.

- Bonuses accompanying titles awarded by trực tiếp bóng đá việt nam hôm nay State.

- Bonuses accompanying awards granted by Associations, organizations belonging to Political organizations, Political-Social organizations, Social organizations, and Social-Professional organizations at trực tiếp bóng đá việt nam hôm nay central and local levels, in accordance with trực tiếp bóng đá việt nam hôm nay charter of those organizations and in accordance with trực tiếp bóng đá việt nam hôm nay Law on Emulation and Commendation.

- Bonuses accompanying trực tiếp bóng đá việt nam hôm nay Ho Chi Minh Award, State Award.

- Bonuses accompanying Commemorative Medals, Badges.

- Bonuses accompanying Certificates of Merit, Commendation Certificates.

trực tiếp bóng đá việt nam hôm nay authority to issue decisions on commendation and trực tiếp bóng đá việt nam hôm nay level of bonuses accompanying trực tiếp bóng đá việt nam hôm nay aforementioned emulation titles and commendation forms must comply with trực tiếp bóng đá việt nam hôm nay Law on Emulation and Commendation.

Item (2)Bonuses accompanying national and international awards recognized by trực tiếp bóng đá việt nam hôm nay Vietnamese State.

Item (3)Bonuses for technical improvements, inventions, and innovations recognized by competent State authorities.

Item (4)Bonuses for detecting and reporting legal violations to competent State authorities.

Thus,according to trực tiếp bóng đá việt nam hôm nay above regulation, trực tiếp bóng đá việt nam hôm nay bonus accompanying a national award is among trực tiếp bóng đá việt nam hôm nay bonuses not subject to personal income tax.

What 4 types of bonuses are exempted from personal income tax in Vietnam? (Image from trực tiếp bóng đá việt nam hôm nay Internet)

Whattypes of bonuses are exempted from personal income tax in Vietnam?

Based on Article 4 of trực tiếp bóng đá việt nam hôm nayPersonal Income Tax Law 2007as amended by clause 2, Article 1 of trực tiếp bóng đá việt nam hôm nayAmendment to trực tiếp bóng đá việt nam hôm nay Personal Income Tax Law 2012and supplemented by clause 3, Article 2 of trực tiếp bóng đá việt nam hôm nayLaw on Amendments to Tax Laws 2014, trực tiếp bóng đá việt nam hôm nay following are exempt from personal income tax:

- Income from trực tiếp bóng đá việt nam hôm nay transfer of real estate between spouses; biological parents to biological children; adoptive parents to adopted children; parents-in-law to daughters-in-law; parents-in-law to sons-in-law; paternal grandparents to grandchildren; maternal grandparents to grandchildren; between siblings.

- Income from trực tiếp bóng đá việt nam hôm nay transfer of a house, rights to use homestead land, and assets attached to homestead land in case trực tiếp bóng đá việt nam hôm nay individual has only one house, one homestead land.

- Income from trực tiếp bóng đá việt nam hôm nay value of land use rights granted by trực tiếp bóng đá việt nam hôm nay State to individuals.

- Income from inheritance, gift of real estate between spouses; biological parents to biological children; adoptive parents to adopted children; parents-in-law to daughters-in-law; parents-in-law to sons-in-law; paternal grandparents to grandchildren; maternal grandparents to grandchildren; between siblings.

- Income of households, individuals directly producing agriculture, forestry, salt making, or aquaculture, fishing unprocessed into other products or just through simple processing.

- Income from trực tiếp bóng đá việt nam hôm nay conversion of agricultural land allocated by trực tiếp bóng đá việt nam hôm nay State for production by households, individuals.

- Income from interest on deposits at credit institutions, interest from life insurance contracts.

- Income from remittances.

- trực tiếp bóng đá việt nam hôm nay portion of wages for night work, overtime pay higher than daytime wages under trực tiếp bóng đá việt nam hôm nay law.

- Retirement wages paid by trực tiếp bóng đá việt nam hôm nay Social Insurance Fund; retirement wages paid by a voluntary pension fund monthly.

- Income from scholarships, including:

+ Scholarships from trực tiếp bóng đá việt nam hôm nay state budget;

+ Scholarships from domestic and foreign organizations under their support programs for learning encouragement.

- Income from compensation for life insurance contracts, non-life insurance, compensation for work accidents, state compensation, and other compensations prescribed by law.

- Income received from charitable funds permitted or recognized by competent state agencies, operating for charitable, humanitarian purposes, not for profit.

- Income from foreign aid for charitable, humanitarian purposes under government or non-government forms approved by competent state agencies.

- Income from wages, salaries of seafarers who are Vietnamese citizens working for foreign shipping companies or Vietnamese shipping companies engaged in international transportation.

- Income of individuals who are ship owners, individuals with trực tiếp bóng đá việt nam hôm nay right to use ships, and individuals working on ships from providing goods, services directly serving offshore fishing activities.

Are there administrative penalties for failing to declarepersonal income tax in Vietnam?

Article 13 ofDecree 125/2020/ND-CPstipulates:

Penalties for Late Submission of Tax Declaration Dossiers

1. A warning for late submission of tax declaration dossiers from 01 day to 05 days with mitigating circumstances.

2. A fine ranging from 2,000,000 VND to 5,000,000 VND for late submission of tax declaration dossiers from 01 day to 30 days, except for trực tiếp bóng đá việt nam hôm nay case specified in clause 1 of this Article.

3. A fine ranging from 5,000,000 VND to 8,000,000 VND for late submission of tax declaration dossiers from 31 days to 60 days.

4. A fine ranging from 8,000,000 VND to 15,000,000 VND for any of trực tiếp bóng đá việt nam hôm nay following acts:

a) Late submission of tax declaration dossiers from 61 days to 90 days;

b) Late submission of tax declaration dossiers for over 91 days but without any tax payable;

c) Failure to submit tax declaration dossiers but no tax payable;

d) Failure to submit appendices as prescribed regarding tax management for enterprises with associated transactions along with corporate income tax settlement files.

5. A fine ranging from 15,000,000 VND to 25,000,000 VND for late submission of tax declaration dossiers over 90 days from trực tiếp bóng đá việt nam hôm nay deadline, with taxes payable, and trực tiếp bóng đá việt nam hôm nay taxpayer has paid trực tiếp bóng đá việt nam hôm nay full tax amount, late payment into trực tiếp bóng đá việt nam hôm nay state budget before trực tiếp bóng đá việt nam hôm nay tax authority announces a tax inspection or tax audit decision or before trực tiếp bóng đá việt nam hôm nay tax authority draws up a record on late submission of tax declaration dossiers according to clause 11, Article 143 of trực tiếp bóng đá việt nam hôm nay Law on Tax Administration.

If trực tiếp bóng đá việt nam hôm nay penalty amount under this clause exceeds trực tiếp bóng đá việt nam hôm nay payable tax amount on trực tiếp bóng đá việt nam hôm nay tax declaration dossier, trực tiếp bóng đá việt nam hôm nay maximum penalty is equal to trực tiếp bóng đá việt nam hôm nay payable tax amount on trực tiếp bóng đá việt nam hôm nay tax declaration dossier but not less than trực tiếp bóng đá việt nam hôm nay average fine framework specified in clause 4 of this Article.

6. Remedial measures:

a) Compelling trực tiếp bóng đá việt nam hôm nay full payment of late tax into trực tiếp bóng đá việt nam hôm nay state budget for violations specified in clauses 1, 2, 3, 4, and 5 of this Article if late submission of tax declaration dossier leads to late tax payment;

b) Compelling trực tiếp bóng đá việt nam hôm nay submission of tax declaration dossiers, appendices for violations specified at points c, d clause 4 of this Article.

Thus,depending on trực tiếp bóng đá việt nam hôm nay time of late submission of tax declaration dossiers, one may receive a warning or a monetary fine (ranging from 2 million VND to 25 million VND).