Vietnam: Who shall be considered a dependant when his average monthly xem bóng đá trực tiếp vtv2 all sources does not exceed 1,000,000 VND?

Vietnam: Who shall be considered a dependant when his average monthly xem bóng đá trực tiếp vtv2 all sources does not exceed 1,000,000 VND?

Based on Point đ, Clause 1, Article 9 ofCircular 111/2013/TT-BTC, the provision states as follows:

Deductions

...

dd) An individual is considered a dependantas guided in subpoints d.2, d.3, d.4, Point d, Clause 1 of this Article, and must meet the following conditions:

dd.1) For individuals of working age, they must simultaneously meet the following conditions:

dd.1.1) Being disabled and incapable of working.

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

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

e) Disabled individuals, incapable of working as guided in subpoint đ.1.1, Point đ, Clause 1 of this Article, are those subjects governed by the law on persons with disabilities, people with illnesses rendering them incapable of working (such as AIDS, cancer, chronic kidney failure,...).

...

Individuals with income below 1 million considered as dependants include:

- The spouse of the taxpayer

- Biological parents; parents-in-law (or mother-in-law, father-in-law); stepparents, adoptive parents of the taxpayer

- Other individuals with no shelter whom the taxpayer is directly supporting:

+ Biological siblings of the taxpayer.

+ Paternal grandparents; maternal grandparents; aunts, uncles, and uncles by blood relationship of the taxpayer.

+ Niece or nephew of the taxpayer, including the children of biological siblings.

+ Other individuals to be directly supported according to legal regulations.

Vietnam: Who shall be considered a dependant when his average monthly xem bóng đá trực tiếp vtv2 all sources does not exceed 1,000,000 VND?(Image from the Internet)

What is the registration form for dependants in the personal income tax declaration in Vietnam?

The current dependant registration form is Form 07/DK-NPT-TNCN specified in Section 7, Appendix II issued together withCircular 80/2021/TT-BTCas follows:

Download Form 07/DK-NPT-TNCN, dependant registration form:Here

Which income is not eligible for personal exemptions when calculating personal income tax in Vietnam?

Based on provisions in Clause 1, Article 19 ofLaw on Personal Income Tax 2007(amended and supplemented by Clause 4, Article 1 ofLaw on Amendments to Law on Personal Income Tax 2012) and Clause 4, Article 6 ofLaw on Amendments to Tax Laws 2014, personal exemptions are amounts deducted from taxable income before calculating tax on xem bóng đá trực tiếp vtv2 business, salary, and wages of individuals considered as tax residents.

Thus, it means that the following types of income as per Article 2 ofCircular 111/2013/TT-BTCwill not be eligible for personal exemptions:

(1) xem bóng đá trực tiếp vtv2 capital investment, including:

- Loan interest received.

- Dividend of shares.

- Additional value of capital contribution received upon dissolution of an enterprise, restructuring, division, splitting, merging, or consolidating enterprises, or withdrawal of capital.

- xem bóng đá trực tiếp vtv2 capital investment in other forms, except xem bóng đá trực tiếp vtv2 interest on bonds of the Government of Vietnam.

(2) xem bóng đá trực tiếp vtv2 capital transfer, including:

- xem bóng đá trực tiếp vtv2 transferring capital portions in economic entities.

- xem bóng đá trực tiếp vtv2 transferring securities.

- xem bóng đá trực tiếp vtv2 capital transfer in other forms.

(3) xem bóng đá trực tiếp vtv2 real estate transfer, including:

- xem bóng đá trực tiếp vtv2 transferring land use rights and assets attached to the land.

- xem bóng đá trực tiếp vtv2 transferring ownership or use rights of houses (including future-formed housing).

- xem bóng đá trực tiếp vtv2 transferring land lease rights, water surface lease rights.

- Other incomes received from real estate transfer under any form.

(4) xem bóng đá trực tiếp vtv2 winning prizes, including:

- Lottery winnings.

- Prizes from promotional programs.

- Prizes from betting forms.

- Prizes from games, contests with rewards, and other forms of winning prizes.

(5) xem bóng đá trực tiếp vtv2 copyright, including:

- xem bóng đá trực tiếp vtv2 transferring, licensing subjects of intellectual property rights.

- xem bóng đá trực tiếp vtv2 technology transfer.

(6) xem bóng đá trực tiếp vtv2 franchising.

(7) xem bóng đá trực tiếp vtv2 receiving inheritance, including securities, capital contribution in economic entities, business establishments, real estate, and other assets required to register ownership or use rights.

(8) xem bóng đá trực tiếp vtv2 receiving gifts, including securities, capital contributions in economic entities, business establishments, real estate, and other assets required to register ownership or use rights.