What are regulations on deduction lịch trực tiếp bóng đá hôm nay taxable income from securities transfers in Vietnam?
What are regulations ondeduction lịch trực tiếp bóng đá hôm nay taxable income from securities transfers in Vietnam?
According to the provisions at Point ddClause 1 Article 25 lịch trực tiếp bóng đá hôm nayCircular 111/2013/TT-BTC, the deduction lịch trực tiếp bóng đá hôm nay taxable income from securities transfers is regulated as follows:
In all cases lịch trực tiếp bóng đá hôm nay securities transfers, tax must be deducted at a rate lịch trực tiếp bóng đá hôm nay 0.1% lịch trực tiếp bóng đá hôm nay the transfer price before payment is made to the transferor.
Specifically,tax deduction is performed as follows:
(1) For securities traded on the Stock Exchange:
- The securities company or commercial bank where the individual opens a securities depository account is responsible for withholding personal income tax at a rate lịch trực tiếp bóng đá hôm nay 0.1% lịch trực tiếp bóng đá hôm nay the transfer price before paying the individual. The deducted tax amount is determined as guided at Point b.2, Clause 2, Article 11 lịch trực tiếp bóng đá hôm nayCircular 111/2013/TT-BTC.
- The fund management company where the individual entrusts the securities investment portfolio management is responsible for withholding personal income tax at a rate lịch trực tiếp bóng đá hôm nay 0.1% lịch trực tiếp bóng đá hôm nay the securities transfer price lịch trực tiếp bóng đá hôm nay the individual entrusting the securities investment portfolio according to the allocation table lịch trực tiếp bóng đá hôm nay the company sent to the custodian bank where the company opens the depository account.
(2) For securities transferred not through the trading system on the Stock Exchange:
- For public company securities that have centralized securities registration at the Securities Depository Center:
The securities company or commercial bank where the individual opens a securities depository account withholds personal income tax at a rate lịch trực tiếp bóng đá hôm nay 0.1% lịch trực tiếp bóng đá hôm nay the transfer price before completing the securities ownership transfer procedures at the Securities Depository Center.
- For securities lịch trực tiếp bóng đá hôm nay joint-stock companies that are not public companies but the securities issuing organization authorizes a securities company to manage the shareholder list:
The securities company authorized to manage the shareholder list withholds personal income tax at a rate lịch trực tiếp bóng đá hôm nay 0.1% lịch trực tiếp bóng đá hôm nay the transfer price before completing the securities ownership transfer procedures.
Individuals transferring securities must present the transfer contract to the Securities Company when completing the securities ownership transfer procedures.
Additionally, organizations and individuals paying the deducted taxable income according to the above guidance must issue tax withholding certificates upon the request lịch trực tiếp bóng đá hôm nay the deducted individuals. In case the individual authorizes tax finalization, the withholding certificate is not issued.
What are regulations on deduction lịch trực tiếp bóng đá hôm nay taxable income from securities transfers in Vietnam?(Image from the Internet)
What are the types lịch trực tiếp bóng đá hôm nay income from securities transfers in Vietnam?
According to Clause 4 Article 2 lịch trực tiếp bóng đá hôm nayCircular 111/2013/TT-BTC, amended by Article 4 lịch trực tiếp bóng đá hôm nayCircular 25/2018/TT-BTC, the regulations are as follows:
Income from capital transfers
Income from capital transfers is the income an individual receives, including:
a) Income from the transfer lịch trực tiếp bóng đá hôm nay capital contributions in limited liability companies (including single-member limited liability companies), partnerships, business cooperation contracts, cooperatives, people's credit funds, economic organizations, and other organizations.
b) Income from securities transfers, including: income from the transfer lịch trực tiếp bóng đá hôm nay shares, share purchase rights, bonds, promissory notes, fund certificates, and other securities types as stipulated in Clause 1 Article 6 lịch trực tiếp bóng đá hôm nay the Securities Law. Income from the transfer lịch trực tiếp bóng đá hôm nay shares lịch trực tiếp bóng đá hôm nay individuals in joint-stock companies pursuant to Clause 2 Article 6 lịch trực tiếp bóng đá hôm nay the Securities Law and Article 120 lịch trực tiếp bóng đá hôm nay the Enterprise Law.
c) Income from capital transfers in other forms.
Income from the transfer lịch trực tiếp bóng đá hôm nay shares, share purchase rights, bonds, promissory notes, fund certificates, share purchase rights, warrants, call options, put options, futures contracts, groups lịch trực tiếp bóng đá hôm nay securities or securities indexes, capital contribution contracts, and other securities types as prescribed by the Ministry lịch trực tiếp bóng đá hôm nay Finance is considered income from securities transfers.
How to calculate the transfer price lịch trực tiếp bóng đá hôm nay securities when calculating taxable income from securities transfers in Vietnam?
According to Article 11 lịch trực tiếp bóng đá hôm nayCircular 111/2013/TT-BTC, amended by Article 16 lịch trực tiếp bóng đá hôm nayCircular 92/2015/TT-BTC, the taxable income from securities transfers is determined as the transfer price lịch trực tiếp bóng đá hôm nay securities each time.
The transfer price lịch trực tiếp bóng đá hôm nay securities is determined as follows:
- For public company securities traded on the Stock Exchange, the transfer price lịch trực tiếp bóng đá hôm nay securities is the execution price on the Stock Exchange.
The execution price is the price lịch trực tiếp bóng đá hôm nay the securities determined from the results lịch trực tiếp bóng đá hôm nay order matching or the price formed from agreement transactions on the Stock Exchange.
- For securities not mentioned above, the transfer price is the price stated in the transfer contract or the actual transfer price or the book value lịch trực tiếp bóng đá hôm nay the unit holding the transferred securities at the time lịch trực tiếp bóng đá hôm nay the closest financial report according to the accounting laws before the transfer time.
