What is trực tiếp bóng đá k+ of personal income tax rate for income from inheritance being securities in Vietnam?
Which income from inheritance is taxable in Vietnam?
According to trực tiếp bóng đá k+ provisions of Clause 9, Article 2 ofCircular 111/2013/TT-BTC, income from inheritance is trực tiếp bóng đá k+ income received by individuals through a will or pursuant to trực tiếp bóng đá k+ law on inheritance. To be specific:
- For securities received from inheritance, including:
+ Shares, rights to buy shares, bonds, treasury bills, fund certificates, and other types of securities according to trực tiếp bóng đá k+ Securities Law;
+ An individual's shares in a joint-stock company as prescribed by trực tiếp bóng đá k+ Enterprise Law.
- For capital received from inheritance in economic organizations or business establishments, including: contributed capital in a limited liability company, cooperative, partnership, business cooperation contract; capital in a private enterprise, individual business establishment; capital in associations, funds allowed to be established in accordance with trực tiếp bóng đá k+ law, or trực tiếp bóng đá k+ entire business establishment if it is a private enterprise, individual business establishment.
- For real estate received from inheritance, including:
+ Land use rights;
+ Land use rights with assets attached to trực tiếp bóng đá k+ land;
+ Ownership rights to houses, including houses to be formed in trực tiếp bóng đá k+ future;
+ Infrastructure and construction works attached to trực tiếp bóng đá k+ land, including construction works to be formed in trực tiếp bóng đá k+ future;
+ Land lease rights;
+ Water surface lease rights;
+ Other income received from real estate inheritance in any form, except income from real estate inheritance.
- For other assets received from inheritance that must be registered for ownership or use with trực tiếp bóng đá k+ state management agency, such as: automobiles; motorbikes, motorcycles; watercraft, including barges, canoes, tugboats, push boats; boats, including yachts; aircraft; hunting guns, sports guns.
What is trực tiếp bóng đá k+ of personal income tax rate for income from inheritance being securities in Vietnam? (Image from trực tiếp bóng đá k+ Internet)
What is trực tiếp bóng đá k+ of personal income tax rate for income from inheritance being securities in Vietnam?
According to Article 23 ofCircular 111/2013/TT-BTC, trực tiếp bóng đá k+ regulations are as follows:
For income from prizes, inheritance, gifts
1. Personal income tax for income from prizes, inheritance, gifts of non-resident individuals is determined by trực tiếp bóng đá k+ taxable income as guided in Clause 2, this Article multiplied (×) by trực tiếp bóng đá k+ tax rate of 10%.
2. Taxable income
a) Taxable income from prizes of non-resident individuals is trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ prize exceeding VND 10 million for each time winning a prize in Vietnam.
Income from prizes of non-resident individuals is determined similarly to resident individuals as guided in Clause 1, Article 15 of this Circular.
b) Taxable income from inheritance, gifts of non-resident individuals is trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ inherited assets, gifts exceeding VND 10 million each time income arises in Vietnam.
Income from inheritance, gifts of non-resident individuals is determined similarly to resident individuals as guided in Clause 1, Article 16 of this Circular.
3. Time to determine taxable income
a) For income from prizes: trực tiếp bóng đá k+ time to determine taxable income is trực tiếp bóng đá k+ time when trực tiếp bóng đá k+ organization or individual in Vietnam pays trực tiếp bóng đá k+ prize money to trực tiếp bóng đá k+ non-resident individual.
b) For income from inheritance: trực tiếp bóng đá k+ time to determine taxable income is trực tiếp bóng đá k+ time when trực tiếp bóng đá k+ individual completes trực tiếp bóng đá k+ procedures for registering ownership or use rights of assets in Vietnam.
c) For income from gifts: trực tiếp bóng đá k+ time to determine taxable income is trực tiếp bóng đá k+ time when trực tiếp bóng đá k+ individual completes trực tiếp bóng đá k+ procedures for registering ownership or use rights of assets in Vietnam.
Therefore, trực tiếp bóng đá k+ current personal income tax rate for inheritance being securities is 10%.
What isthe basis for calculating personal income tax from inheritance being securities in Vietnam?
According to Article 16 ofCircular 111/2013/TT-BTC(amended by Clause 1, Article 19 ofCircular 92/2015/TT-BTC), trực tiếp bóng đá k+ basis for calculating personal income tax from inheritance being securities is as follows:
Taxable Income and Tax Rate of 10%
Wherein, taxable income from inheritance is trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ inherited property exceeding VND 10 million each time received. trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ inherited property is determined for each specific case. To be specific:
For inherited securities: trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ inherited property is trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ inherited property exceeding VND 10 million calculated on all received stock codes without deducting any expenses at trực tiếp bóng đá k+ time of registration for transfer of ownership. To be specific:
(1) For securities traded on trực tiếp bóng đá k+ Stock Exchange: trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ securities is based on trực tiếp bóng đá k+ reference price on trực tiếp bóng đá k+ Stock Exchange at trực tiếp bóng đá k+ time of registration for trực tiếp bóng đá k+ right to ownership of securities.
(2) For securities not covered by trực tiếp bóng đá k+ above case: trực tiếp bóng đá k+ value of trực tiếp bóng đá k+ securities is based on trực tiếp bóng đá k+ book value of trực tiếp bóng đá k+ issuing company's financial statements closest to trực tiếp bóng đá k+ time of registration for trực tiếp bóng đá k+ right to ownership of securities as prescribed by law on accounting.
