vtv2 trực tiếp bóng đá hôm nayVietnam: May an employee register personal exemption for their in-laws?

Vietnam: May an employee register personal exemption for their in-laws?

Based on subpoint d.3, point d, clause 1, Article 9 ofCircular 111/2013/TT-BTC(provisions related to personal income tax for individual businesses in this Article are repealed by clause 6, Article 25 ofCircular 92/2015/TT-BTC) as stipulated below:

Deductible Expenses

vtv2 trực tiếp bóng đá hôm nay deductible expenses guided in this Article are those subtracted from vtv2 trực tiếp bóng đá hôm nay taxable income of an individual before determining taxable income from salaries, wages, and business income. Specifically:

1. personal exemptions

...

d) dependants include:

d.1) Children: biological children, legally adopted children, illegitimate children, stepchildren of vtv2 trực tiếp bóng đá hôm nay wife, stepchildren of vtv2 trực tiếp bóng đá hôm nay husband, specifically including:

d.1.1) Children under 18 years of age (calculated by full months).

Example 10: Mr. H's child, born on July 25, 2014, is considered a dependant from July 2014.

d.1.2) Children aged 18 or older who are disabled and unable to work.

d.1.3) Children studying in Vietnam or abroad at university, college, professional secondary school, vocational training, including children aged 18 or older who are attending high school (including vtv2 trực tiếp bóng đá hôm nay period waiting for university exam results from June to September of 12th grade), who do not have income or have an average monthly income from all sources not exceeding 1,000,000 VND.

d.2) vtv2 trực tiếp bóng đá hôm nay spouse of vtv2 trực tiếp bóng đá hôm nay taxpayer who meets vtv2 trực tiếp bóng đá hôm nay conditions stated at point đ, clause 1, of this Article.

d.3) Biological father, mother; father-in-law, mother-in-law (or father-in-law, mother-in-law); stepfather, stepmother; legally adopted father, adopted mother of vtv2 trực tiếp bóng đá hôm nay taxpayer who meet vtv2 trực tiếp bóng đá hôm nay conditions stated at point đ, clause 1, of this Article.

...

dd) Individuals considered dependants according to vtv2 trực tiếp bóng đá hôm nay guidance at subpoints d.2, d.3, d.4, point d, clause 1 of this Article must meet vtv2 trực tiếp bóng đá hôm nay following conditions:

dd.1) For individuals of working age, they must meet both conditions:

dd.1.1) Being disabled, unable to work.

dd.1.2) Having no income or having an average monthly income from all sources not exceeding 1,000,000 VND.

dd.2) For individuals outside of working age, they must have no income or have an average monthly income from all sources not exceeding 1,000,000 VND.

Therefore, according to vtv2 trực tiếp bóng đá hôm nay above regulation, an individual can register their in-laws as dependants for personal exemptions when calculating personal income tax if vtv2 trực tiếp bóng đá hôm nay in-laws meet vtv2 trực tiếp bóng đá hôm nay following conditions:

(1) For individuals of working age, they must meet both conditions:

- Being disabled, unable to work.

- Having no income or having an average monthly income from all sources not exceeding 1,000,000 VND.

(2) For individuals outside of working age, they must have no income or have an average monthly income from all sources not exceeding 1,000,000 VND.

Vietnam: May an employee register personal exemption for their in-laws?(Image from vtv2 trực tiếp bóng đá hôm nay Internet)

What are vtv2 trực tiếp bóng đá hôm nay current personal exemption levels in Vietnam?

According to Article 1 ofResolution 954/2020/UBTVQH14, vtv2 trực tiếp bóng đá hôm nay latest personal exemption level is as follows:

Personal exemption level

Adjusting vtv2 trực tiếp bóng đá hôm nay personal exemption level stipulated in clause 1, Article 19 of vtv2 trực tiếp bóng đá hôm nay Personal Income Tax Law No. 04/2007/QH12, as amended and supplemented by Law No. 26/2012/QH13, as follows:

1. vtv2 trực tiếp bóng đá hôm nay deduction for vtv2 trực tiếp bóng đá hôm nay taxpayer is 11 million VND/month (132 million VND/year);

2. vtv2 trực tiếp bóng đá hôm nay deduction for each dependant is 4.4 million VND/month.

Therefore, according to vtv2 trực tiếp bóng đá hôm nay above regulation, vtv2 trực tiếp bóng đá hôm nay latest personal exemption levels are as follows:

- vtv2 trực tiếp bóng đá hôm nay deduction for vtv2 trực tiếp bóng đá hôm nay taxpayer is 11 million VND/month (132 million VND/year);

- vtv2 trực tiếp bóng đá hôm nay deduction for each dependant is 4.4 million VND/month.

How many dependants can one have for personal exemptions?

Based on point c, clause 1, Article 9 ofCircular 111/2013/TT-BTC, it is stipulated:

Deductions

1. personal exemptions

...

c) Principles for calculating personal exemptions

...

c.2) Family deduction for dependants

c.2.1) vtv2 trực tiếp bóng đá hôm nay taxpayer is eligible for family deductions for dependants if vtv2 trực tiếp bóng đá hôm nay taxpayer has taxpayer registration and is assigned a tax identification number.

c.2.2) When a taxpayer registers for family deductions for dependants, vtv2 trực tiếp bóng đá hôm nay tax authority will assign a tax code for vtv2 trực tiếp bóng đá hôm nay dependant and vtv2 trực tiếp bóng đá hôm nay family deduction will be temporarily calculated during vtv2 trực tiếp bóng đá hôm nay year starting from registration. For dependants already registered for family deductions before this Circular came into effect, vtv2 trực tiếp bóng đá hôm nay deductions will continue until vtv2 trực tiếp bóng đá hôm nay tax identification number is issued.

c.2.3) If a taxpayer has not yet claimed family deductions for dependants in vtv2 trực tiếp bóng đá hôm nay tax year, they can claim deductions for dependants from vtv2 trực tiếp bóng đá hôm nay month vtv2 trực tiếp bóng đá hôm nay support obligation arises when vtv2 trực tiếp bóng đá hôm nay taxpayer settles their tax and registers for family deductions for dependants. For other dependants as guided at subpoint d.4, point d, clause 1 of this Article, vtv2 trực tiếp bóng đá hôm nay deadline for family deduction registration is December 31 of vtv2 trực tiếp bóng đá hôm nay tax year; after this deadline, deductions for that tax year are not allowed.

c.2.4) Each dependant can only be claimed once for deduction by one taxpayer in vtv2 trực tiếp bóng đá hôm nay tax year. If multiple taxpayers have a common dependant, they must agree which taxpayer will claim vtv2 trực tiếp bóng đá hôm nay family deduction.

Therefore, vtv2 trực tiếp bóng đá hôm nay law states that each dependant can only be claimed once for deduction by one taxpayer in vtv2 trực tiếp bóng đá hôm nay tax year without setting a limit on vtv2 trực tiếp bóng đá hôm nay maximum number of dependants a person can have when considering personal exemptions for personal income tax.