What are trực tiếp bóng đá hôm nay cases where personal income tax is not deductable from salaries and wages for Vietnamese residents?
What incomes from salaries and wages are taxable income in Vietnam?
Pursuant to Clause 2, Article 3 of trực tiếp bóng đá hôm nayPersonal Income Tax Law 2007(amended by Clause 1, Article 1 of trực tiếp bóng đá hôm nayAmended Personal Income Tax Law 2012), Taxable income from salaries and wages includes:
- Salaries, wages, and amounts of a salary or wage nature;
- Allowances and subsidies, except for:
+ Allowances and subsidies as per trực tiếp bóng đá hôm nay legal provisions regarding preferential treatment for individuals with meritorious services;
+ Defense and security allowances;
+ Hazardous and dangerous job allowances for sectors, occupations, or work in locations with hazardous and dangerous factors;
+ Attraction allowances and regional allowances as prescribed by law;
+ Extraordinary difficulty subsidies, accident subsidies, occupational disease allowances, one-time childbirth or adoption allowances, disability reduction allowances, one-time retirement allowances, monthly survivor allowances, and other subsidies as per social insurance law;
+ Severance and unemployment benefits as prescribed by trực tiếp bóng đá hôm nay Labor Code;
+ Social protection subsidies and other allowances and subsidies not of a salary or wage nature according to trực tiếp bóng đá hôm nay regulations of trực tiếp bóng đá hôm nay Government of Vietnam.
What are trực tiếp bóng đá hôm nay cases where personal income tax is not deductable from salaries and wages for Vietnamese residents?(Image from trực tiếp bóng đá hôm nay Internet)
Shall salary payers deduct payable tax amounts from incomes of taxpayers in Vietnam?
According to Article 28 ofDecree 65/2013/ND-CP, trực tiếp bóng đá hôm nay following is specified:
Tax Deduction
1. Tax deduction is trực tiếp bóng đá hôm nay practice where trực tiếp bóng đá hôm nay organization or individual paying income calculates and deducts trực tiếp bóng đá hôm nay taxable amount from trực tiếp bóng đá hôm nay income of trực tiếp bóng đá hôm nay taxpayer before paying trực tiếp bóng đá hôm nay income.
2. Types of income that must be deducted for tax:
a) Income of non-Vietnamese residents, including cases without presence in Vietnam;
b) Income from salaries, wages, remuneration, including remuneration from brokerage activities;
c) Income of individuals from insurance agency activities, lottery agency, multi-level marketing;
d) Income from capital investment;
đ) Income from capital transfer by non-Vietnamese residents, securities transfer;
e) Income from winning prizes;
g) Income from copyrights;
h) Income from franchise transactions.
trực tiếp bóng đá hôm nay employer is responsible for deducting personal income tax (PIT) from trực tiếp bóng đá hôm nay income from salaries and wages before paying trực tiếp bóng đá hôm nay salary to trực tiếp bóng đá hôm nay employees, except for instances where employees have non-taxable income or have a commitment for exemption from deduction (in accordance with trực tiếp bóng đá hôm nay legal provisions).
What are trực tiếp bóng đá hôm nay cases where personal income tax is not deductablefrom salaries and wages for Vietnamese residents?
According to point b, point i, clause 1, Article 25 ofCircular 111/2013/TT-BTC, trực tiếp bóng đá hôm nay following is prescribed:
Tax Deduction and Tax Deduction Certificates
1. Tax deduction
Tax deduction is where trực tiếp bóng đá hôm nay organization or individual paying income calculates and deducts trực tiếp bóng đá hôm nay taxable amount from trực tiếp bóng đá hôm nay taxpayer’s income before paying trực tiếp bóng đá hôm nay income. To be specific:
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b) Income from salary, wages
b.1) For Vietnamese residents with labor contracts of three (03) months or more, trực tiếp bóng đá hôm nay organization or individual paying such income conducts tax deduction according to trực tiếp bóng đá hôm nay progressive tax rate schedule, even for individuals contracting for three (03) months or more at multiple places.
b.2) For Vietnamese residents with contracts of three (03) months or more but quit before trực tiếp bóng đá hôm nay contract expiration, trực tiếp bóng đá hôm nay income-paying organization or individual still conducts tax deduction according to trực tiếp bóng đá hôm nay progressive tax rate schedule.
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b.5) trực tiếp bóng đá hôm nay amount of tax to be deducted for income from salaries and wages of Vietnamese residents is determined according to guidelines in Article 7 of this Circular; for non-Vietnamese residents, it is determined according to Article 18 of this Circular.
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i) Tax deduction for some other cases
Organizations or individuals paying wages, remuneration, or other pay to Vietnamese residents without labor contracts (according to guidelines at point c, d, clause 2, Article 2 of this Circular) or with labor contracts under three (03) months paying a total of two million (2,000,000) VND or more each time must deduct tax at a rate of 10% on trực tiếp bóng đá hôm nay income before payment.
In cases where an individual only has trực tiếp bóng đá hôm nay sole income subject to tax deduction at trực tiếp bóng đá hôm nay above-stipulated rate but estimates that their total taxable income after family deductions is below trực tiếp bóng đá hôm nay taxable threshold, trực tiếp bóng đá hôm nay individual can make a commitment (using a form issued with trực tiếp bóng đá hôm nay guidance document on tax management) and submit it to trực tiếp bóng đá hôm nay income-paying organization to avoid temporary tax deduction.
Based on trực tiếp bóng đá hôm nay income receiver’s commitment, trực tiếp bóng đá hôm nay income-paying organization does not deduct tax. At trực tiếp bóng đá hôm nay end of trực tiếp bóng đá hôm nay tax year, trực tiếp bóng đá hôm nay income-paying organization must still compile a list and trực tiếp bóng đá hôm nay income of individuals not reaching trực tiếp bóng đá hôm nay tax deduction threshold (using a form issued with trực tiếp bóng đá hôm nay guidance document on tax management) and submit it to trực tiếp bóng đá hôm nay tax authority. Individuals making commitments must take responsibility for their commitment's content, and fraud cases will be handled according to trực tiếp bóng đá hôm nay Law on Tax Management.
Individuals making a commitment as per this guidance must have taxpayer registration and a tax identification number at trực tiếp bóng đá hôm nay commitment time.
To determine trực tiếp bóng đá hôm nay amount of tax to be deducted from wages and salaries for Vietnamese residents, reference Clause 1, Article 7 ofCircular 111/2013/TT-BTC, which prescribes as follows:
Basis for Calculating Tax on Taxable Income from Business, Salaries, and Wages
trực tiếp bóng đá hôm nay basis for calculating tax on income from business and income from salaries and wages is taxable income and tax rate. To be specific:
1. Taxable income is determined by trực tiếp bóng đá hôm nay taxable income guided in Article 8 of this Circular minus (-) trực tiếp bóng đá hôm nay following deductions:
a) Family deductions following trực tiếp bóng đá hôm nay guidance from clause 1, Article 9 of this Circular.
b) Contributions to insurance, voluntary retirement funds according to trực tiếp bóng đá hôm nay guidance from clause 2, Article 9 of this Circular.
c) Charitable, humanitarian, and educational promotion contributions according to trực tiếp bóng đá hôm nay guidance from clause 3, Article 9 of this Circular.
Additionally, based on Article 1 ofResolution 954/2020/UBTVQH14, trực tiếp bóng đá hôm nay family deduction levels are specified as follows:
Family Deduction Levels
Adjust trực tiếp bóng đá hôm nay family deduction levels prescribed in clause 1, Article 19 of trực tiếp bóng đá hôm nay Personal Income Tax Law 04/2007/QH12, amended and supplemented by Law 26/2012/QH13, as follows:
1. trực tiếp bóng đá hôm nay deduction level for taxpayers is 11 million VND/month (132 million VND/year);
2. trực tiếp bóng đá hôm nay deduction level for each dependent is 4.4 million VND/month.
Based on trực tiếp bóng đá hôm nay aforementioned regulations, cases not subject to personal income tax deduction from salaries and wages include:
- Employees with labor contracts of 03 months or more with income below trực tiếp bóng đá hôm nay taxable level:
Under trực tiếp bóng đá hôm nay above regulations, individuals with contracts of 03 months or more are subject to PIT deduction according to progressive tax rates, based on taxable income.
Wherein: Taxable income = Taxable income - Deductions.
Thus, if an employee's total income after family deductions and obligatory insurance and charitable, humanitarian, and educational contributions does not exceed trực tiếp bóng đá hôm nay taxable threshold, they will not be subject to deductions (Below 11 million VND/month for trực tiếp bóng đá hôm nay taxpayer, if having dependents, additional 4.4 million VND/month per dependent).
- Individuals with labor contracts under 3 months or without labor contracts are exempt from deduction due to valid commitments.
To be specific, individuals in trực tiếp bóng đá hôm nay aforementioned case with only sole income subject to a 10% withholding tax but estimate that their total income after family deductions does not reach trực tiếp bóng đá hôm nay taxable threshold can make a commitment not to deduct tax (using trực tiếp bóng đá hôm nay issued form). Conditions include:
+ Individuals have registered for taxpayer status and possess a tax code.
+ Individuals must be responsible for trực tiếp bóng đá hôm nay content of their commitments.
- Individuals with labor contracts under 3 months or without labor contracts with a total income under two million (2,000,000) VND per occurrence.
