Is vtv2 trực tiếp bóng đá hôm nay income from prize of Miss International 2024 subject to personal income tax in Vietnam?

Is vtv2 trực tiếp bóng đá hôm nay income from prize ofMiss International 2024 subject to personal income tax in Vietnam?

Based on Article 1 ofCircular 111/2013/TT-BTC, amended by Article 2 ofCircular 119/2014/TT-BTCon taxpayers, vtv2 trực tiếp bóng đá hôm nay following is stated:

Taxpayers

Taxpayers are residents and non-residents as prescribed in Article 2 of vtv2 trực tiếp bóng đá hôm nay Law on Personal Income Tax and Article 2 of Decree No. 65/2013/ND-CP dated June 27, 2013, of vtv2 trực tiếp bóng đá hôm nay Government of Vietnam, detailing certain articles of vtv2 trực tiếp bóng đá hôm nay Law on Personal Income Tax and vtv2 trực tiếp bóng đá hôm nay Law amending and supplementing certain articles of vtv2 trực tiếp bóng đá hôm nay Law on Personal Income Tax (hereinafter referred to as Decree No. 65/2013/ND-CP), with taxable income as regulated in Article 3 of vtv2 trực tiếp bóng đá hôm nay Law on Personal Income Tax and Article 3 of Decree No. 65/2013/ND-CP.

vtv2 trực tiếp bóng đá hôm nay scope for determining taxable income for taxpayers is as follows:

For residents, taxable income includes income generated within and outside vtv2 trực tiếp bóng đá hôm nay territory of Vietnam, regardless of vtv2 trực tiếp bóng đá hôm nay place of payment and receipt of income.

For non-residents, taxable income includes income generated in Vietnam, regardless of vtv2 trực tiếp bóng đá hôm nay place of payment and receipt of income.

1. A resident is an individual meeting one of vtv2 trực tiếp bóng đá hôm nay following conditions:

a) Being present in Vietnam for 183 days or more within a calendar year or 12 consecutive months from vtv2 trực tiếp bóng đá hôm nay first day of presence in Vietnam, with vtv2 trực tiếp bóng đá hôm nay day of arrival and departure counting as one (01) day. vtv2 trực tiếp bóng đá hôm nay day of arrival and departure is based on vtv2 trực tiếp bóng đá hôm nay certification of vtv2 trực tiếp bóng đá hôm nay immigration management agency on vtv2 trực tiếp bóng đá hôm nay individual's passport (or laissez-passer) upon arrival and departure from Vietnam. In case of entering and exiting on vtv2 trực tiếp bóng đá hôm nay same day, it is counted as one day of residence.

An individual being present in Vietnam as instructed at this point is vtv2 trực tiếp bóng đá hôm nay presence of that individual on vtv2 trực tiếp bóng đá hôm nay territory of Vietnam.

b) Having a regular residence in Vietnam under one of vtv2 trực tiếp bóng đá hôm nay following cases:

b.1) Having a regular place of residence as prescribed by vtv2 trực tiếp bóng đá hôm nay law on residence:

b.1.1) For Vietnamese citizens: vtv2 trực tiếp bóng đá hôm nay regular residence is vtv2 trực tiếp bóng đá hôm nay place where vtv2 trực tiếp bóng đá hôm nay individual lives regularly, stably, indefinitely at a certain dwelling and has registered permanent residence according to vtv2 trực tiếp bóng đá hôm nay law on residence.

b.1.2) For foreign citizens: vtv2 trực tiếp bóng đá hôm nay regular residence is vtv2 trực tiếp bóng đá hôm nay residence recorded on vtv2 trực tiếp bóng đá hôm nay Permanent Residence Card or vtv2 trực tiếp bóng đá hôm nay temporary residence when applying for a Residence Card issued by an authorized agency of vtv2 trực tiếp bóng đá hôm nay Ministry of Public Security.

b.2) Renting a house in Vietnam according to vtv2 trực tiếp bóng đá hôm nay housing law, with rental contracts of 183 days or more in vtv2 trực tiếp bóng đá hôm nay tax year. To be specific:

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According to Article 2 ofCircular 111/2013/TT-BTCon taxable income as follows:

Taxable Income

According to Article 3 of vtv2 trực tiếp bóng đá hôm nay Law on Personal Income Tax and Article 3 of Decree No. 65/2013/ND-CP, taxable personal income includes:

1. Income from business

Income from business is income derived from production activities, business in vtv2 trực tiếp bóng đá hôm nay following sectors:

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6. income from prize ofs

income from prize ofs encompasses vtv2 trực tiếp bóng đá hôm nay monetary or material prizes that individuals receive in vtv2 trực tiếp bóng đá hôm nay following forms:

a) Lottery winnings paid by lottery companies.

b) Promotional winnings from purchasing goods, services as regulated by vtv2 trực tiếp bóng đá hôm nay Commercial Law.

c) Betting, wagering winnings that are legally permitted.

d) Casino winnings legally permitted to operate.

e) Game, reward contest winnings and other forms of winnings organized by economic organizations, administrative agencies, unions, and other organizations or individuals.

7. Income from Royalties

Thus, according to vtv2 trực tiếp bóng đá hôm nay above regulation, winning Miss International 2024 will be subject to personal income tax.

Is vtv2 trực tiếp bóng đá hôm nay income from prize of Miss International 2024 subject to personal income tax in Vietnam?(Image from Internet)

Is vtv2 trực tiếp bóng đá hôm nay tax period for income from prize of Miss International 2024 calculated separately?

Based on Article 7 of vtv2 trực tiếp bóng đá hôm nayLaw on Personal Income Tax 2007, amended by Clause 3 Article 1 of vtv2 trực tiếp bóng đá hôm nayLaw on Amendments to Personal Income Tax 2012regarding vtv2 trực tiếp bóng đá hôm nay tax period:

Tax Period

1. Tax period for residents is specified as follows:

a) Annual tax period applies to income from business; income from salary, wages;

b) Tax period per income occurrence applies to income from capital investment; income from capital transfer except for income from securities transfer; income from real estate transfer; income from prize ofs; income from royalties; income from franchise rights; income from inheritance; income from gifts;

c. Tax period separately or annually for income from securities transfer.

2. Tax period for non-residents is calculated per income occurrence for all taxable income.

Thus, vtv2 trực tiếp bóng đá hôm nay tax period for income from prize of Miss International 2024 is calculated per income occurrence.

Note:Applicable to both residents and non-residents.

What is vtv2 trực tiếp bóng đá hôm nay tax calculation method for income from prize of Miss International 2024?

According to Article 15 ofCircular 111/2013/TT-BTCon vtv2 trực tiếp bóng đá hôm nay tax calculation method for beauty pageant winnings:

Basis for Tax Calculation on Winnings

vtv2 trực tiếp bóng đá hôm nay basis for tax calculation on winnings is vtv2 trực tiếp bóng đá hôm nay taxable income and vtv2 trực tiếp bóng đá hôm nay tax rate.

1. Taxable Income

Taxable income from prize ofs is vtv2 trực tiếp bóng đá hôm nay prize value exceeding 10 million VND received by vtv2 trực tiếp bóng đá hôm nay taxpayer per winning occurrence, regardless of vtv2 trực tiếp bóng đá hôm nay number of times vtv2 trực tiếp bóng đá hôm nay prize money is received.

If a prize is shared among several winners, vtv2 trực tiếp bóng đá hôm nay taxable income is divided among vtv2 trực tiếp bóng đá hôm nay winners. Prize winners must present legal evidence for justification. Without legal evidence, winnings are attributed to one individual. If an individual wins several prizes in a single game, vtv2 trực tiếp bóng đá hôm nay taxable income is calculated on vtv2 trực tiếp bóng đá hôm nay total value of all prizes.

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2. vtv2 trực tiếp bóng đá hôm nay tax rate for personal income tax on winnings applies a uniform rate of 10%.

3. Time to Determine Taxable Income

vtv2 trực tiếp bóng đá hôm nay time for determining taxable income on winnings is when vtv2 trực tiếp bóng đá hôm nay organization or individual pays vtv2 trực tiếp bóng đá hôm nay prize to vtv2 trực tiếp bóng đá hôm nay winner.

4. Tax calculation method:

Personal income tax payable = Taxable income x 10% tax rate

Therefore, according to vtv2 trực tiếp bóng đá hôm nay above legal regulation, vtv2 trực tiếp bóng đá hôm nay method for calculating personal income tax on income from prize of Miss International 2024 is as follows:

(Miss International 2024 Prize Money - 10 million VND) x 10% Tax Rate.