When are individuals with income from salary or wages not required to finalize personal income đá bóng trực tiếp (PIT) in Vietnam?

When are individuals with income from salary or wages not required to finalize personal income đá bóng trực tiếp (PIT) in Vietnam?

According to point d.3, clause 6, Article 8 ofDecree 126/2020/ND-CP, the regulation is as follows:

Taxes declared monthly, quarterly, annually, separately, and đá bóng trực tiếp finalization declarations

...

Resident individuals with income from salary or wages directly declare personal income đá bóng trực tiếp finalization with the đá bóng trực tiếp authority in the following cases:

There is additional đá bóng trực tiếp payable or overpaid đá bóng trực tiếp requested for refund or offset against the đá bóng trực tiếp return of the next period, except in the following cases: individuals with additional đá bóng trực tiếp payable after the annual finalization under 50,000 VND; individuals with đá bóng trực tiếp payable less than the pre-paid đá bóng trực tiếp without requesting for refund or offset against the next period's đá bóng trực tiếp return; individuals with income from salary or wages under a labor contract of 03 months or more at a unit, concurrently having other income from different places, averaged monthly during the year, not exceeding 10 million VND, and particularly have had personal income đá bóng trực tiếp withheld at a rate of 10% and do not have a request, they are not required to finalize the đá bóng trực tiếp for this part of the income; individuals whose life insurance (excluding voluntary pension insurance) or other non-mandatory insurance with accumulative insurance premiums paid by their employers, and the insurer or the employer has withheld personal income đá bóng trực tiếp at a rate of 10% on the corresponding insurance premiums, the employees are not required to finalize personal income đá bóng trực tiếp on this part of the income.

Individuals present in Vietnam in the first calendar year for less than 183 days but for 12 consecutive months from the first day present in Vietnam for 183 days or more.

Foreign individuals who terminate their working contracts in Vietnam finalize their personal income đá bóng trực tiếp with the đá bóng trực tiếp authority before exit. If individuals have not completed the đá bóng trực tiếp finalization procedures with the đá bóng trực tiếp authority, they authorize the income-paying organization or another organization or individual to finalize on their behalf according to the regulations on đá bóng trực tiếp finalization for individuals. If the income-paying organization or another organization or individual accepts the authorization for finalization, they are responsible for any additional đá bóng trực tiếp payable or any đá bóng trực tiếp refund of the individual.

Resident individuals with income from salary or wages subject to đá bóng trực tiếp reduction due to natural disasters, fire, accidents, serious illnesses affecting the ability to pay taxes must directly finalize taxes with the đá bóng trực tiếp authority according to regulations and cannot authorize the income-paying organization or individual to finalize taxes on their behalf.

...

Thus, individuals with income from salary or wages are not required to finalize personal income đá bóng trực tiếp in the following cases:

- Individuals with additional đá bóng trực tiếp payable after the annual finalization under 50,000 VND;

- Individuals with đá bóng trực tiếp payable less than the pre-paid đá bóng trực tiếp without requesting for refund or offset against the next period's đá bóng trực tiếp return;

- Individuals with income from salary or wages under a labor contract of 03 months or more at a unit, concurrently having other income from different places, averaged monthly during the year, not exceeding 10 million VND, and particularly have had personal income đá bóng trực tiếp withheld at a rate of 10% and do not have a request, they are not required to finalize the đá bóng trực tiếp for this part of the income;

- Individuals whose life insurance (excluding voluntary pension insurance) or other non-mandatory insurance with accumulative insurance premiums paid by their employers, and the insurer or the employer has withheld personal income đá bóng trực tiếp at a rate of 10% on the corresponding insurance premiums, the employees are not required to finalize personal income đá bóng trực tiếp on this part of the income.

When are individuals with income from salary or wages not required to finalize PIT in Vietnam? (Image from the Internet)

When are organizations or individuals paying income from salary or wages not required to finalize PIT in Vietnam?

According toCông văn 2783/CTTPHCM-TTHT năm 2024 hướngof Ho Chi Minh City đá bóng trực tiếp Department, organizations or individuals paying income from salary or wages are not required to finalize PIT in cases including: organizations or individuals do not incur income payments during the year; organizations or individuals that temporarily suspend their operations or business activities for the whole calendar year.

What are cases in which individuals with income from salary or wages directly finalize PIT in Vietnam?

According to point d.3, clause 6, Article 8 ofDecree 126/2020/ND-CP, resident individuals with income from salary or wages directly declare personal income đá bóng trực tiếp finalization with the đá bóng trực tiếp authority in the following cases:

- There is additional đá bóng trực tiếp payable or overpaid đá bóng trực tiếp requested for refund or offset against the đá bóng trực tiếp return of the next period, except in the cases stated in section 1 of this article;

- Individuals present in Vietnam in the first calendar year for less than 183 days but for 12 consecutive months from the first day present in Vietnam for 183 days or more.

- Foreign individuals who terminate their working contracts in Vietnam finalize their personal income đá bóng trực tiếp with the đá bóng trực tiếp authority before exit. If individuals have not completed the đá bóng trực tiếp finalization procedures with the đá bóng trực tiếp authority, they authorize the income-paying organization or another organization or individual to finalize on their behalf according to the regulations on đá bóng trực tiếp finalization for individuals. If the income-paying organization or another organization or individual accepts the authorization for finalization, they are responsible for any additional đá bóng trực tiếp payable or any đá bóng trực tiếp refund of the individual.

- Resident individuals with income from salary or wages subject to đá bóng trực tiếp reduction due to natural disasters, fire, accidents, serious illnesses affecting the ability to pay taxes must directly finalize taxes with the đá bóng trực tiếp authority according to regulations and cannot authorize the income-paying organization or individual to finalize taxes on their behalf.