What are kết quả bóng đá trực tiếp cases of PIT refund in Vietnam?

What are kết quả bóng đá trực tiếp cases ofPIT refund in Vietnam?

According to Clause 2, Article 8 of kết quả bóng đá trực tiếpPersonal Income Tax Law 2007, individuals are entitled to tax refund in kết quả bóng đá trực tiếp following cases:

- Their paid tax amounts are larger than payable tax amounts;

- They have paid tax but their taxed incomes do not reach a tax-liable level;

- Other cases decided by competent state agencies.

What are kết quả bóng đá trực tiếp cases of PIT refund in Vietnam? (Image from kết quả bóng đá trực tiếp Internet)

What are kết quả bóng đá trực tiếp methods forsubmitting PIT refund claims by employees in Vietnam?

Under Clause 2, Article 72 of kết quả bóng đá trực tiếpLaw on Tax Administration 2019:

Receipt and processing of tax refund claims

1. Tax authorities shall process tax refund claims as follows:

a) Supervisory tax authorities of taxpayers shall receive tax refund claims in accordance with tax laws. Collecting tax authorities shall receive claims for refund of overpaid amounts. In case of refund of overpaid amounts under an annual/terminal statement of corporate income tax or personal income tax, kết quả bóng đá trực tiếp tax authority that received kết quả bóng đá trực tiếp statement shall provide kết quả bóng đá trực tiếp refund.

b) Collecting customs authorities shall receive tax refund claims in accordance with tax laws. Customs authorities where exit procedures are followed shall receive tax refund claims submitted by foreigners and Vietnamese people residing overseas.

2. Tax refund claims may be submitted:

a) in person at tax authorities;

b) by post;

c) electronically through online portals or tax authorities.

3. Within 03 working days from kết quả bóng đá trực tiếp day on which kết quả bóng đá trực tiếp claim is received, kết quả bóng đá trực tiếp tax authority shall inform kết quả bóng đá trực tiếp taxpayer in writing of whether kết quả bóng đá trực tiếp claim is granted or rejected.

4. kết quả bóng đá trực tiếp Minister of Finance shall elaborate this Article.

Thus, employees submit PIT refund claims through kết quả bóng đá trực tiếp following methods:

- in person at tax authorities;

- by post;

- electronically through online portals or tax authorities.

Will taxpayers monthly or quarterly declare and pay PIT to serve as kết quả bóng đá trực tiếp basis for PIT refund in Vietnam?

According to Article 8 ofDecree 126/2020/ND-CP, which specifies types of taxes declared monthly, quarterly, it is stated regarding personal income tax as follows:

Taxes declared monthly, quarterly, annually, separately; tax finalization

1. kết quả bóng đá trực tiếp following taxes AND other amounts collected by tax authorities have to be declared monthly:

a) Value-added tax (VAT), personal income tax. Taxpayers who satisfy kết quả bóng đá trực tiếp requirements specified in Article 9 of this Decree may declare these taxes quarterly.

...

2. kết quả bóng đá trực tiếp following taxes and other amounts shall be declared quarterly:

...

c) Personal income tax deducted by income payers that are eligible to declare VAT quarterly and also decide to declare personal income tax quarterly; individuals earning salaries or remunerations (hereinafter referred to as “salary earners”) who decide to declare personal income tax quarterly with tax authorities.

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In comparison with kết quả bóng đá trực tiếp provisions in Clause 1, Article 9 ofDecree 126/2020/ND-CP:

Conditions for quarterly declaration of VAT and personal income tax

1. Conditions for quarterly declaration

a) kết quả bóng đá trực tiếp following taxpayers may declare VAT quarterly:

a.1) Any taxpayer that declares VAT monthly as prescribed in Point a Clause 1 Article 8 of this Decree and has a total revenue from sale of goods and services in kết quả bóng đá trực tiếp previous year of up to 50 billion VND. kết quả bóng đá trực tiếp total revenue shall be determined according to kết quả bóng đá trực tiếp VAT returns during kết quả bóng đá trực tiếp calendar year.

...

a.2) kết quả bóng đá trực tiếp taxpayer’s business is recently inaugurated. From kết quả bóng đá trực tiếp calendar year succeeding kết quả bóng đá trực tiếp first 12 months, kết quả bóng đá trực tiếp revenue generated in kết quả bóng đá trực tiếp preceding calendar year (full 12 months) shall be kết quả bóng đá trực tiếp basis for deciding whether kết quả bóng đá trực tiếp taxpayer has to declare tax monthly or quarterly.

b) Quarterly declaration of personal income tax:

b.1) A taxpayer who has to declare personal income tax monthly as prescribed in Point a Clause 1 Article 8 of this Decree may declare personal income tax quarterly if all requirements for quarterly declaration are fulfilled.

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Thus, based on kết quả bóng đá trực tiếp above provisions, taxpayers are required to declare and pay personal income tax monthly, except for kết quả bóng đá trực tiếp following cases subject toquarterly declaration:

- PIT declared on behalf of pledgors by credit institutions and third parties authorized by credit institutions to manage kết quả bóng đá trực tiếp collateral pending settlement.

- PIT deducted by income payers that are eligible to declare VAT quarterly and also decide to declare personal income tax quarterly;

- Individuals earning salaries or remunerations (hereinafter referred to as “salary earners”) who decide to declare personal income tax quarterly with tax authorities.

- Taxpayers have total revenue from sales of goods and services of kết quả bóng đá trực tiếp preceding year not exceeding 50 billion VND.

kết quả bóng đá trực tiếp total revenue shall be determined according to kết quả bóng đá trực tiếp VAT returns during kết quả bóng đá trực tiếp calendar year.

- if kết quả bóng đá trực tiếp taxpayer’s business is recently inaugurated, it can choose quarterly personal income tax declaration.