What are regulations on PIT withholding for Vietnamese non-residents trực tiếp bóng đá euro hôm nay Vietnam?
Who is a Vietnamese non-resident?
According to Article 2 ofDecree 65/2013/ND-CPit is stipulated:
Taxpayer
- Personal income taxpayers include resident and Vietnamese non-residents with taxable income as prescribed trực tiếp bóng đá euro hôm nay Article 3 of the Personal Income Tax Law and Article 3 of this Decree. The scope of determining taxable income for taxpayers is as follows:
a) For resident individuals, taxable income is income arising within and outside the territory of Vietnam, regardless of the place of payment;
b) For Vietnamese non-residents, taxable income is income arising trực tiếp bóng đá euro hôm nay Vietnam, regardless of the place of payment.
- A resident individual is a person who meets one of the following conditions:
a) Present trực tiếp bóng đá euro hôm nay Vietnam for 183 days or more trực tiếp bóng đá euro hôm nay a calendar year or trực tiếp bóng đá euro hôm nay 12 consecutive months from the first day of presence trực tiếp bóng đá euro hôm nay Vietnam;
An individual present trực tiếp bóng đá euro hôm nay Vietnam under this point is considered to be physically present within the territory of Vietnam.
b) Has a permanent residence trực tiếp bóng đá euro hôm nay Vietnam trực tiếp bóng đá euro hôm nay one of the following two cases:
- Registered permanent residence trực tiếp bóng đá euro hôm nay accordance with the law on residence;
- Leased house for residence trực tiếp bóng đá euro hôm nay Vietnam according to the housing law, with lease contracts lasting 183 days or more trực tiếp bóng đá euro hôm nay the tax year.
trực tiếp bóng đá euro hôm nay the case where an individual has a permanent residence trực tiếp bóng đá euro hôm nay Vietnam under this point but is actually present trực tiếp bóng đá euro hôm nay Vietnam for less than 183 days trực tiếp bóng đá euro hôm nay the tax year and cannot prove residency trực tiếp bóng đá euro hôm nay another country, the individual is considered a resident trực tiếp bóng đá euro hôm nay Vietnam.
- A Vietnamese non-resident is someone who does not meet the conditions specified trực tiếp bóng đá euro hôm nay Clause 2 of this Article.
According to Article 2 ofDecree 65/2013/ND-CP, a Vietnamese non-resident is a person who does not meet the criteria to be considered a resident individual trực tiếp bóng đá euro hôm nay Vietnam. Specifically, an individual is identified as a non-resident when failing to satisfy the following two conditions:
(1) Number of days present trực tiếp bóng đá euro hôm nay Vietnam
Individual is present trực tiếp bóng đá euro hôm nay Vietnam for fewer than 183 days trực tiếp bóng đá euro hôm nay a calendar year or 12 consecutive months from the first day of presence.
(2) Permanent residence trực tiếp bóng đá euro hôm nay Vietnam
- Has no registered permanent residence according to the law on residence, or
- Does not have a leased house for residence trực tiếp bóng đá euro hôm nay Vietnam with a lease contract lasting 183 days or more trực tiếp bóng đá euro hôm nay the tax year.
Note:If an individual has a permanent residence trực tiếp bóng đá euro hôm nay Vietnam but is actually present trực tiếp bóng đá euro hôm nay Vietnam for fewer than 183 days trực tiếp bóng đá euro hôm nay the tax year and cannot prove being a resident of another country, then that individual is still considered a resident trực tiếp bóng đá euro hôm nay Vietnam.
For Vietnamese non-residents, taxable income is the income arising trực tiếp bóng đá euro hôm nay Vietnam, regardless of the place of payment.
What are regulations onPIT withholding for Vietnamese non-residents trực tiếp bóng đá euro hôm nay Vietnam? (Image from the Internet)
Is the income of Vietnamese non-residents subject to tax withholding?
According to Article 28 ofDecree 65/2013/ND-CPit is prescribed as follows:
Tax Withholding
1. Tax withholding is when the organization or individual that pays income deducts the payable tax amount from the taxpayer's income before payment.
2. Types of income subject to tax withholding:
a) Income of Vietnamese non-residents, including cases of non-presence trực tiếp bóng đá euro hôm nay Vietnam;
b) Income from salaries, wages, remuneration, including brokerage commissions;
c) Income from activities as an insurance agent, lottery agent, multi-level marketing;
d) Income from capital investment;
đ) Income from transfer of capital by Vietnamese non-residents, transfer of securities;
e) Income from winnings;
g) Income from royalties;
h) Income from franchise transactions.
Income of Vietnamese non-residents, including cases of non-presence trực tiếp bóng đá euro hôm nay Vietnam, is subject to tax withholding.
What are procedures forPIT withholding for Vietnamese non-residents?
Based on point a, clause 1, Article 25 ofCircular 111/2013/TT-BTC, Tax withholding is when the organization or individual that pays income deducts the payable tax amount from the taxpayer's income before payment.
For the income of Vietnamese non-residents, organizations or individuals paying taxable income to Vietnamese non-residents are responsible for withholding personal income tax before payment.
The method for calculating withholding tax is implemented according to detailed guidance from Article 17 to Article 23, Chapter III of Circular 111/2013/TT-BTC. Specifically, as follows:
(1) Income from business:
Withholding tax = Revenue × Tax rate.
* Applicable tax rates:
- 1%: Trading trực tiếp bóng đá euro hôm nay goods.
- 5%: Service business.
- 2%: Manufacturing, construction, transport, other sectors.
If a Vietnamese non-resident has revenue from various fields, industries, and trades but cannot segregate the revenue of each field, industry, the applicable personal income tax rate is the highest rate applicable to the actual operational field, industry on the entire revenue.
(2) Income from salary, wages
Withholding tax = Taxable income × 20% tax rate.
(3) Income from capital investment
Withholding tax = Total income from investment × 5%.
(4) Income from capital transfer
Withholding tax = Transfer price × 0.1%.
(5) Income from real estate transfer
Withholding tax = Transfer price × 2%.
(6) Income from royalties,
Withholding tax = (Income exceeding 10 million VND) × 5%.
(7) Income from franchise transactions
Withholding tax = (Income exceeding 10 million VND) × 5%.
(8) Income from winnings, inheritance, gifts
Withholding tax = (Income exceeding 10 million VND) × 10%.
Note that Vietnamese non-residents are not allowed to apply deductions for family circumstances, mandatory insurance reductions, or any other deductions. Therefore, PIT is calculated directly on total taxable income without any deductions.
