What are conditions lịch trực tiếp bóng đá hôm nay parents of taxpayers to be consideres as dependants in Vietnam?

What are conditions lịch trực tiếp bóng đá hôm nay parents of taxpayers to be consideres as dependants in Vietnam?

According to point d.2, clause 1, Article 9 ofCircular 111/2013/TT-BTC(the content related to personal income tax lịch trực tiếp bóng đá hôm nay individual businesses is abolished by clause 6, Article 25 ofCircular 92/2015/TT-BTC), the regulations are as follows:

Deductions

The deductions as guided in this Article are amounts that are subtracted from the taxable income of an individual before determining the taxable income from wages, salaries, and business. Specifically: as follows:

1. dependant deductions

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d) Individuals counted as dependants according to the guidance at sub-items d.2, d.3, and d.4 of point d, clause 1 of this Article must meet the following conditions:

d.1) lịch trực tiếp bóng đá hôm nay individuals in working age, they must simultaneously meet the following conditions:

d.1.1) Have a disability, unable to work.

d.1.2) Have no income or have an average monthly income in a year from all sources not exceeding 1,000,000 VND.

d.2) lịch trực tiếp bóng đá hôm nay individuals outside the working age, there must be no income or have an average monthly income in a year from all sources not exceeding 1,000,000 VND.

e) Disabled individuals, unable to work as guided at sub-item d.1.1, point d, clause 1, of this Article are those under the regulatory framework of the law on disabled persons, individuals with no ability to work due to illness (like AIDS, cancer, chronic kidney failure, etc.).

....

Moreover, according to clause 1, Article 169 of theLabor Code 2019, the regulations on working age are as follows:

Retirement age

1. Employees who meet the conditions of social insurance contribution duration according to the social insurance law are entitled to pensions upon reaching the retirement age.

2. The retirement age of employees under normal working conditions will be adjusted according to a roadmap until reaching 62 years lịch trực tiếp bóng đá hôm nay males in 2028 and 60 years lịch trực tiếp bóng đá hôm nay females in 2035.

From the year 2021, the retirement age lịch trực tiếp bóng đá hôm nay employees under normal working conditions is 60 years and 3 months lịch trực tiếp bóng đá hôm nay males, and 55 years and 4 months lịch trực tiếp bóng đá hôm nay females, with an increase of 3 months lịch trực tiếp bóng đá hôm nay males and 4 months lịch trực tiếp bóng đá hôm nay females each year thereafter.

Thus, parents as dependants must meet the following conditions:

Firstly, if parents are dependants outside the working age, they must simultaneously meet two conditions:

- Parents must be outside the working age, specifically, the father over 60 years and 9 months, and the mother over 56 years in the year 2023 under normal working conditions.

- Parents must have no income or have an average monthly income in the year from all sources not exceeding 1,000,000 VND.

Secondly, if parents are dependants within the working age, they must simultaneously meet two conditions:

- Parents must have a disability, unable to work.

- Parents must have no income or have an average monthly income in the year from all sources not exceeding 1,000,000 VND.

What are conditions lịch trực tiếp bóng đá hôm nay parents of taxpayers to be consideres as dependants in Vietnam?(Image from the Internet)

What documents are required to prove that dependants are eligible lịch trực tiếp bóng đá hôm nay personal exemption in Vietnam?

According to the regulations in point g.3, clause 1, Article 9 ofCircular 111/2013/TT-BTC(content related to personal income tax lịch trực tiếp bóng đá hôm nay individual businesses is abolished by clause 6, Article 25 ofCircular 92/2015/TT-BTC), the proof documents lịch trực tiếp bóng đá hôm nay dependant parents eligible lịch trực tiếp bóng đá hôm nay personal exemption include the following papers:

- Photocopy of the identity card.

- Legal papers to determine the relationship of the dependant with the taxpayer such as a photocopy of the household register (if they share the same household registration), birth certificate, decision recognizing the acceptance of parent-child relationship by a competent state agency.

In case of being within the working age, besides the above papers, the proof documents should include additional papers proving disability, inability to work such as a photocopy of the Disability Certification according to the law on people with disabilities lịch trực tiếp bóng đá hôm nay the disabled who are unable to work, photocopy of medical records lịch trực tiếp bóng đá hôm nay those with diseases that render them unable to work (such as AIDS, cancer, chronic kidney failure, etc.).

What is the procedure lịch trực tiếp bóng đá hôm nay personal exemption lịch trực tiếp bóng đá hôm nay parents of taxpayers in Vietnam?

To apply lịch trực tiếp bóng đá hôm nay personal exemptions lịch trực tiếp bóng đá hôm nay parents (dependants), taxpayers need to follow the guidance in clause 10, Article 7 ofCircular 105/2020/TT-BTC. Specifically:

(1) In case the individual authorizes the income-paying organization lịch trực tiếp bóng đá hôm nay taxpayer registration lịch trực tiếp bóng đá hôm nay the dependant, submit the taxpayer registration dossier at the income-paying organization.

The taxpayer registration dossier lịch trực tiếp bóng đá hôm nay dependants includes: A Power of Attorney and dependant's papers (a copy of the Citizen Identity Card or a copy of the valid Identity Card lịch trực tiếp bóng đá hôm nay dependants with Vietnamese nationality from 14 years and above; a copy of the Birth Certificate or a valid Passport lịch trực tiếp bóng đá hôm nay dependants with Vietnamese nationality under 14 years; a copy of the Passport lịch trực tiếp bóng đá hôm nay dependants who are foreign nationals or Vietnamese nationals residing abroad).

The income-paying organization consolidates and submits the Taxpayer Registration Declaration Form No. 20-DK-TH-TCT issued together withCircular 105/2020/TT-BTCto the tax authority directly managing the income-paying organization.

(2) In case the individual does not authorize the income-paying organization lịch trực tiếp bóng đá hôm nay taxpayer registration lịch trực tiếp bóng đá hôm nay the dependant, submit the taxpayer registration dossier to the respective tax authority as stipulated in Clause 9, Article 7 ofCircular 105/2020/TT-BTC. The taxpayer registration dossier includes:

- The Taxpayer Registration Declaration Form No. 20-DK-TCT issued together withCircular 105/2020/TT-BTC.

- A copy of the Citizen Identity Card or a copy of the valid Identity Card lịch trực tiếp bóng đá hôm nay dependants with Vietnamese nationality from 14 years and above; a copy of the Birth Certificate or valid Passport lịch trực tiếp bóng đá hôm nay dependants with Vietnamese nationality under 14 years; a copy of the valid Passport lịch trực tiếp bóng đá hôm nay dependants who are foreign nationals or Vietnamese nationals residing abroad.

In case an individual is obliged to pay personal income tax and has submitted a registration dossier lịch trực tiếp bóng đá hôm nay dependants to apply lịch trực tiếp bóng đá hôm nay personal exemption beforeCircular No. 95/2016/TT-BTCdated June 28, 2016, of the Ministry of Finance comes into effect but has not registered a taxpayer code lịch trực tiếp bóng đá hôm nay dependants, then submit the taxpayer registration dossier as stated in this Clause to be granted a taxpayer code lịch trực tiếp bóng đá hôm nay dependants.

What is the personal exemption rate in Vietnamfor 2024?

personal exemption includes: deduction lịch trực tiếp bóng đá hôm nay the taxpayer and deduction lịch trực tiếp bóng đá hôm nay dependants.

Based on Article 1 ofResolution 954/2020/UBTVQH14, as follows:

- The deduction rate lịch trực tiếp bóng đá hôm nay taxpayers is 11 million VND/month (132 million VND/year);

- The deduction rate lịch trực tiếp bóng đá hôm nay each dependant is 4.4 million VND/month.