What is vtv2 trực tiếp bóng đá hôm nay current minimum salary for personal income tax payment in Vietnam?
What is vtv2 trực tiếp bóng đá hôm nay current minimum salary subject to personal income tax in Vietnam?
Based on Clause 1, Article 19 of vtv2 trực tiếp bóng đá hôm nayPersonal Income Tax Law 2007, as amended by Article 1 ofResolution 954/2020/UBTVQH14, vtv2 trực tiếp bóng đá hôm nay family circumstance deduction is regulated as follows:
Family Circumstance Deduction
- Family circumstance deduction is vtv2 trực tiếp bóng đá hôm nay amount deductible from taxable income before tax calculation for income from business activities, salaries, wages of individual taxpayers who are residents. Family circumstance deduction includes vtv2 trực tiếp bóng đá hôm nay following two parts:
a) Deduction for taxpayers is VND 9 million per month (VND 108 million per year);
b) Deduction for each dependent is VND 3.6 million per month.
In case vtv2 trực tiếp bóng đá hôm nay consumer price index (CPI) fluctuates by more than 20% compared to vtv2 trực tiếp bóng đá hôm nay time vtv2 trực tiếp bóng đá hôm nay law takes effect or vtv2 trực tiếp bóng đá hôm nay most recent adjustment of family circumstance deduction, vtv2 trực tiếp bóng đá hôm nay Government of Vietnam shall propose to vtv2 trực tiếp bóng đá hôm nay Standing Committee of vtv2 trực tiếp bóng đá hôm nay National Assembly to adjust vtv2 trực tiếp bóng đá hôm nay family circumstance deduction specified in this clause to suit price fluctuations for vtv2 trực tiếp bóng đá hôm nay subsequent tax period.
- vtv2 trực tiếp bóng đá hôm nay determination of family circumstance deduction for dependents is implemented following vtv2 trực tiếp bóng đá hôm nay principle that each dependent is only counted once for deduction in one taxpayer.
- Dependents are those whom vtv2 trực tiếp bóng đá hôm nay taxpayer has a duty to support, including:
a) Minor children; disabled children who are incapable of working;
b) Individuals without income or with income not exceeding vtv2 trực tiếp bóng đá hôm nay prescribed level, including adult children studying at university, college, vocational school; spouse incapable of working; parents who are beyond working age or incapable of working; other individuals without support whom vtv2 trực tiếp bóng đá hôm nay taxpayer must directly support.
vtv2 trực tiếp bóng đá hôm nay Government of Vietnam stipulates vtv2 trực tiếp bóng đá hôm nay income level and declaration procedures to determine dependents eligible for family circumstance deduction.
According to vtv2 trực tiếp bóng đá hôm nay above regulation, vtv2 trực tiếp bóng đá hôm nay deduction for taxpayers is VND 9 million per month and vtv2 trực tiếp bóng đá hôm nay deduction for each dependent is VND 3.6 million per month. Therefore, individuals without dependents must pay personal income tax when total income from salaries and wages exceeds VND 11 million per month.
Income from salaries and wages is income after deducting vtv2 trực tiếp bóng đá hôm nay following:
- Insurance contributions, voluntary pension funds, charitable contributions, study promotion, and humanitarian contributions.
- Income exempt from income tax.
- Non-taxable income such as certain allowances, subsidies, lunch money, etc.
Thus, vtv2 trực tiếp bóng đá hôm nay minimum salary subject to personal income tax based on vtv2 trực tiếp bóng đá hôm nay number of dependents of an individual with income from salaries and wages is as follows:
| Number of Dependents | Salary Subject to Income Tax |
| 0 | = VND 11 million/month |
| 1 | = VND 15.4 million/month |
| 2 | = VND 19.8 million/month |
| 3 | = VND 24.2 million/month |
| ... | ... |
What is vtv2 trực tiếp bóng đá hôm nay current minimum salary subject to personal income tax in Vietnam? (Image from Internet)
What are cases oftax reduction forindividuals in Vietnam?
According to regulations in Article 5 ofDecree 65/2013/ND-CP, individuals may receive tax reduction under vtv2 trực tiếp bóng đá hôm nay following circumstances:
Taxpayers facing difficulties due to natural disasters, fires, accidents, serious illness affecting their ability to pay tax are entitled to apply for tax reduction corresponding to vtv2 trực tiếp bóng đá hôm nay degree of loss but not exceeding vtv2 trực tiếp bóng đá hôm nay tax payable.
Additionally, Article 4 ofCircular 111/2013/TT-BTCprovides detailed guidance on determining vtv2 trực tiếp bóng đá hôm nay amount of tax eligible for reduction as follows:
- Tax reduction is considered on an annual tax calculation basis. Taxpayers facing difficulties due to natural disasters, fires, accidents, serious illness in any tax year will be considered for a reduction in vtv2 trực tiếp bóng đá hôm nay amount of tax payable for that tax year.
- vtv2 trực tiếp bóng đá hôm nay tax payable as a basis for considering tax reduction is vtv2 trực tiếp bóng đá hôm nay total personal income tax payable by vtv2 trực tiếp bóng đá hôm nay taxpayer in that tax year, including:
+ Personal income tax paid or withheld for income from capital investment, transfer of capital, real estate transfers, lottery winnings, royalties, franchise licenses, inheritance; gift income.
+ Personal income tax payable for income from business and salary, wages.
- vtv2 trực tiếp bóng đá hôm nay basis for determining vtv2 trực tiếp bóng đá hôm nay degree of loss eligible for tax reduction is vtv2 trực tiếp bóng đá hôm nay total actual cost to remediate vtv2 trực tiếp bóng đá hôm nay damage minus (-) compensation received from insurance organizations (if any) or from organizations or individuals causing vtv2 trực tiếp bóng đá hôm nay accident (if any).
- vtv2 trực tiếp bóng đá hôm nay amount of tax reduction is determined as follows:
+ If vtv2 trực tiếp bóng đá hôm nay tax payable in vtv2 trực tiếp bóng đá hôm nay tax year exceeds vtv2 trực tiếp bóng đá hôm nay degree of loss, vtv2 trực tiếp bóng đá hôm nay tax reduction equals vtv2 trực tiếp bóng đá hôm nay degree of loss.
+ If vtv2 trực tiếp bóng đá hôm nay tax payable in vtv2 trực tiếp bóng đá hôm nay tax year is less than vtv2 trực tiếp bóng đá hôm nay degree of loss, vtv2 trực tiếp bóng đá hôm nay tax reduction equals vtv2 trực tiếp bóng đá hôm nay tax payable.
Which entities arepersonal income tax payers in Vietnam?
According to Article 2 of vtv2 trực tiếp bóng đá hôm nayPersonal Income Tax Law 2007, subjects required to pay personal income tax include resident individuals with taxable income as prescribed in Article 3 of vtv2 trực tiếp bóng đá hôm nayPersonal Income Tax Law 2007arising within and outside vtv2 trực tiếp bóng đá hôm nay territory of Vietnam, and non-resident individuals with taxable income as prescribed in Article 3 of vtv2 trực tiếp bóng đá hôm nayPersonal Income Tax Law 2007arising within vtv2 trực tiếp bóng đá hôm nay territory of Vietnam.
- Resident individuals are those who meet one of vtv2 trực tiếp bóng đá hôm nay following conditions:
+ Being present in Vietnam for 183 days or more in a calendar year or for 12 consecutive months from vtv2 trực tiếp bóng đá hôm nay first day of presence in Vietnam;
+ Having a regular residence in Vietnam, including having a place registered as a permanent residence or a rented house for residence in Vietnam under a lease contract.
- Non-resident individuals are those who do not satisfy vtv2 trực tiếp bóng đá hôm nay condition:
+ Being present in Vietnam for 183 days or more in a calendar year or for 12 consecutive months from vtv2 trực tiếp bóng đá hôm nay first day of presence in Vietnam;
+ Having a regular residence in Vietnam, including having a place registered as a permanent residence or a rented house for residence in Vietnam under a lease contract.
