xem bóng đá trực tiếp trên youtubeWhen shall incomes of income earners be taxable in Vietnam?

When shall incomes of incomeearners be taxable in Vietnam?

According to Article 2Circular 111/2013/TT-BTCas follows:

Taxable Income Items

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2. Income from Salary and Wages

Income from salary, wages is the income that employees receive from employers, including:

a) Salary, wages, and other items of similar nature in monetary or non-monetary forms.

b) Allowances and subsidies, except for the following allowances and subsidies:

b.1) Monthly preferential allowances and one-time subsidies in accordance with the law on preferential treatment for people who have made contributions to the country.

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Besides that, according to Article 1Resolution 954/2020/UBTVQH14stipulates as follows:

Family Circumstance Deduction Levels

Adjusting the family circumstance deduction levels specified in Clause 1, Article 19 of the Personal Income xem bóng đá trực tiếp trên youtube Law No. 04/2007/QH12 amended and supplemented by Law No. 26/2012/QH13 as follows:

1. The deduction level for the taxpayer is 11 million VND/month (132 million VND/year);

2. The deduction level for each dependent is 4.4 million VND/month.

And according toDecree 73/2024/ND-CPandNghị định 74/2024/NĐ-CP, the increase in statutory pay rates and region-based minimum wages for officials and public employees and laborers, respectively. The salary increase will potentially impact directly the personal income xem bóng đá trực tiếp trên youtube payment levels of officials, public employees, and laborers.

Thus, for individuals without dependents, personal income xem bóng đá trực tiếp trên youtube must be paid if the total income from salary and wages exceeds 11 million VND/month.

When shall incomes of incomeearners be taxable in Vietnam? (Image from the Internet)

When is the deadline for personal income xem bóng đá trực tiếp trên youtube payment in Vietnam?

According to the regulations in Article 28 ofDecree 65/2013/ND-CP, on a monthly basis, the organizing units will pre-deduct the payable xem bóng đá trực tiếp trên youtube amount based on income items.

Pursuant to Clause 1, Article 55 of thexem bóng đá trực tiếp trên youtube Management Law 2019stipulated as follows:

Deadline for xem bóng đá trực tiếp trên youtube Payment

1. For cases where taxpayers calculate xem bóng đá trực tiếp trên youtube, the deadline for xem bóng đá trực tiếp trên youtube payment is the last day of the xem bóng đá trực tiếp trên youtube return submission deadline. In cases of supplementary xem bóng đá trực tiếp trên youtube return submission, the xem bóng đá trực tiếp trên youtube payment deadline is the xem bóng đá trực tiếp trên youtube return submission deadline for the incorrect xem bóng đá trực tiếp trên youtube period.

For corporate income xem bóng đá trực tiếp trên youtube, the provisional payment is made on a quarterly basis, with the xem bóng đá trực tiếp trên youtube payment deadline being the 30th day of the first month of the following quarter.

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Additionally, according to the regulations in Clause 2, Article 44 of thexem bóng đá trực tiếp trên youtube Management Law 2019concerning the deadline for filing personal income xem bóng đá trực tiếp trên youtube returns as follows:

Deadline for Filing xem bóng đá trực tiếp trên youtube Returns

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2. The deadline for filing xem bóng đá trực tiếp trên youtube returns for taxes recalculated on an annual basis is stipulated as follows:

a) No later than the last day of the third month following the end of the calendar year or fiscal year for the annual xem bóng đá trực tiếp trên youtube settlement return; no later than the last day of the first month of the calendar year or fiscal year for the annual xem bóng đá trực tiếp trên youtube return;

b) No later than the last day of the fourth month following the end of the calendar year for personal income xem bóng đá trực tiếp trên youtube settlement returns filed directly by individuals;

c) No later than December 15 of the previous year for xem bóng đá trực tiếp trên youtube estimation returns of household businesses and individual businesses paying xem bóng đá trực tiếp trên youtube under the estimation method; for newly established household businesses and individual businesses, the xem bóng đá trực tiếp trên youtube return submission deadline is no later than 10 days from the commencement date of business activities.

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Thus, the deadline for finalizing personal income xem bóng đá trực tiếp trên youtube returns is divided into two time points for two cases as follows:

- No later than the last day of the third month following the end of the calendar year or fiscal year for xem bóng đá trực tiếp trên youtube settlement returns filed by enterprises on behalf of employees.- No later than the last day of the fourth month following the end of the calendar year for personal income xem bóng đá trực tiếp trên youtube settlement returns filed directly by individuals.

What are the penalties for late payment of personal income xem bóng đá trực tiếp trên youtube in Vietnam?

According to Article 59 of thexem bóng đá trực tiếp trên youtube Management Law 2019stipulates as follows:

Handling of Late xem bóng đá trực tiếp trên youtube Payment

1. Cases which require payment of late xem bóng đá trực tiếp trên youtube include:

a) Taxpayers who delay xem bóng đá trực tiếp trên youtube payment beyond the prescribed deadline, extended deadline, deadline specified in notices from xem bóng đá trực tiếp trên youtube authorities, deadline in xem bóng đá trực tiếp trên youtube assessment decisions or handling decisions from xem bóng đá trực tiếp trên youtube authorities;

b) Taxpayers who supplement their xem bóng đá trực tiếp trên youtube returns, leading to an increase in the payable xem bóng đá trực tiếp trên youtube amount or when xem bóng đá trực tiếp trên youtube authorities, competent state authorities identify underreported payable xem bóng đá trực tiếp trên youtube amounts through inspections or audits, must pay the late xem bóng đá trực tiếp trên youtube amount from the next day following the original xem bóng đá trực tiếp trên youtube payment deadline of the incorrect xem bóng đá trực tiếp trên youtube period or the deadline of the initial customs declaration;

c) Taxpayers who supplement their xem bóng đá trực tiếp trên youtube returns reducing the xem bóng đá trực tiếp trên youtube refund amount initially reported or when xem bóng đá trực tiếp trên youtube authorities, competent state authorities identify a smaller refund amount than initially refunded, must pay back the refunded amount subject to recovery from the date of receiving the refund from the state budget;

d) Cases where taxpayers are allowed to pay owed xem bóng đá trực tiếp trên youtube in installments as stipulated in Clause 5, Article 124 of this Law;

đ) Cases where administrative penalties for xem bóng đá trực tiếp trên youtube management violations are not applicable due to expired penalties, but xem bóng đá trực tiếp trên youtube recovery for underreported xem bóng đá trực tiếp trên youtube amounts as provided in Clause 3, Article 137 of this Law still applies;

e) Cases where administrative penalties for xem bóng đá trực tiếp trên youtube management violations are not applicable for acts stipulated in Clause 3 and Clause 4, Article 142 of this Law;

g) Organizations or entities authorized by xem bóng đá trực tiếp trên youtube authorities to collect xem bóng đá trực tiếp trên youtube which delay transferring xem bóng đá trực tiếp trên youtube, late payment interest, fines of taxpayers into the state budget must pay late payment interest for the delayed amount as provided.

2. The calculation method and duration for late payment interest are stipulated as follows:

a) The late payment interest rate is 0.03%/day calculated on the delayed xem bóng đá trực tiếp trên youtube amount;

b) The duration for calculating late payment interest is continuously counted from the day following the date of late payment as stipulated in Clause 1 of this Article to the day before the date the owed xem bóng đá trực tiếp trên youtube, recovered refunded xem bóng đá trực tiếp trên youtube, increased payable xem bóng đá trực tiếp trên youtube, assessed xem bóng đá trực tiếp trên youtube, and delayed transfer amount are fully paid into the state budget.

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Thus, the late payment of personal income xem bóng đá trực tiếp trên youtube per day is calculated by the formula:

Late Payment Interest Rate = 0.03% x Late xem bóng đá trực tiếp trên youtube Amount.