When shall kết quả bóng đá trực tiếp certificate of PIT deduction be issued in Vietnam?

When shall thecertificate of PIT deduction be issued in Vietnam?

According to point b, clause 2, Article 25 ofCircular 111/2013/TT-BTC, deduction certificates are issued in specific cases as follows:

- For individuals not signing a employment contract or signing a employment contract of less than three (03) months: kết quả bóng đá trực tiếp individual has kết quả bóng đá trực tiếp right to request kết quả bóng đá trực tiếp organization or individual providing income to issue a deduction certificate for each tax deduction or to issue one deduction certificate for multiple tax deductions in one tax period.

- For individuals signing a employment contract for three (03) months or more: kết quả bóng đá trực tiếp organization or individual providing kết quả bóng đá trực tiếp income only issues one deduction certificate to kết quả bóng đá trực tiếp individual in one tax period.

When shall kết quả bóng đá trực tiếp certificate of PIT deduction be issued in Vietnam?(Image from kết quả bóng đá trực tiếp Internet)

What is kết quả bóng đá trực tiếp purpose of a certificate of PIT deduction in Vietnam?

Regulations in Article 31 ofDecree 123/2020/ND-CPon kết quả bóng đá trực tiếp timing for preparing certificates are as follows:

Timing for certificate preparation

At kết quả bóng đá trực tiếp time of deduction of personal income tax, kết quả bóng đá trực tiếp collection of taxes, fees, charges, kết quả bóng đá trực tiếp organization deducting personal income tax, or kết quả bóng đá trực tiếp organization collecting taxes, fees, charges must prepare certificates and receipts for those whose income is subject to tax deduction and for those paying taxes, fees, charges.

Further based on point a, clause 2, Article 25 ofCircular 111/2013/TT-BTCregarding tax deductions and deduction certificates as follows:

Tax deductions and deduction certificates

...

2. Deduction Certificate

a) Organizations or individuals paying income that has been deducted as guided in clause 1 of this Article must issue deduction certificates as requested by kết quả bóng đá trực tiếp individual whose tax is deducted. If kết quả bóng đá trực tiếp individual authorizes tax finalization, no deduction certificate is issued.

...

kết quả bóng đá trực tiếp certificate of PIT deduction is a document issued by kết quả bóng đá trực tiếp organization or individual providing income to individuals with income tax deducted, recording information about kết quả bóng đá trực tiếp Personal Income Tax that has been deducted.

kết quả bóng đá trực tiếp content of kết quả bóng đá trực tiếp certificate of PIT deduction is prescribed in clause 1, Article 32 ofDecree 123/2020/ND-CP, including:

- Name of kết quả bóng đá trực tiếp deduction certificate, symbol of kết quả bóng đá trực tiếp deduction certificate form, serial number of kết quả bóng đá trực tiếp deduction certificate, and kết quả bóng đá trực tiếp deduction certificate number;

- Name, address, and tax code of kết quả bóng đá trực tiếp payer;

- Name, address, and tax code of kết quả bóng đá trực tiếp taxpayer (if kết quả bóng đá trực tiếp taxpayer has a tax code);

- Nationality (if kết quả bóng đá trực tiếp taxpayer is not a Vietnamese national);

- Income amount, time of income payment, total taxable income, deducted tax amount; remaining income to be received;

- Date, month, year of preparing kết quả bóng đá trực tiếp deduction certificate;

- Full name, signature of kết quả bóng đá trực tiếp income payer.

In kết quả bóng đá trực tiếp case of using electronic deduction certificates, kết quả bóng đá trực tiếp signature on kết quả bóng đá trực tiếp electronic certificate is a digital signature.

kết quả bóng đá trực tiếp certificate of PIT deduction can be used for various purposes, including but not limited to:

(1) Verifying Personal Income Tax payment: kết quả bóng đá trực tiếp certificate of PIT deduction serves as evidence for kết quả bóng đá trực tiếp amount of tax kết quả bóng đá trực tiếp individual has had deducted under tax law, allowing kết quả bóng đá trực tiếp individual to determine whether they are required to pay Personal Income Tax and verifying kết quả bóng đá trực tiếp accuracy of kết quả bóng đá trực tiếp deduction.

(2) As a basis for Personal Income Tax finalization: This is a component in kết quả bóng đá trực tiếp tax finalization dossier for individuals with income from salaries, wages as prescribed in subsection b, sub-item 9.2, Section 9, Appendix 1 issued withDecree 126/2020/ND-CP.

kết quả bóng đá trực tiếp certificate of PIT deduction plays an important role in verifying kết quả bóng đá trực tiếp Personal Income Tax payment of workers.

When is it mandatory to prepare a certificate of PIT deduction in Vietnam?

Based on clause 2, Article 4 ofDecree 123/2020/ND-CP, kết quả bóng đá trực tiếp preparation of a certificate of PIT deduction is stipulated as follows:

Principles for preparation, management, use of invoices, certificates

1. When selling goods, providing services, kết quả bóng đá trực tiếp seller must prepare an invoice for kết quả bóng đá trực tiếp buyer (including cases of promotion, advertisement, sample goods; goods, services for donation, gifting, exchange, payment as labor wages, and internal consumption (except for internal rotation of goods for further production); goods exported under forms of lending, borrowing, or returning goods) and must fully record kết quả bóng đá trực tiếp contents as prescribed in Article 10 of this Decree. For using electronic invoices, it must comply with kết quả bóng đá trực tiếp standard data format of kết quả bóng đá trực tiếp tax authority as prescribed in Article 12 of this Decree.

2. When deducting personal income tax, when collecting taxes, fees, charges, kết quả bóng đá trực tiếp tax deduction organization, fee collection organization, tax collection organization must prepare tax deduction certificates, receipts for tax, fee, charge payment, and issue them to kết quả bóng đá trực tiếp income recipients whose tax is deducted. All content must be fully recorded as prescribed in Article 32 of this Decree. If using electronic receipts, they must comply with kết quả bóng đá trực tiếp standard data format of kết quả bóng đá trực tiếp tax authority. If kết quả bóng đá trực tiếp individual authorizes tax finalization, no certificate of PIT deduction is issued.

For individuals not signing a employment contract or signing a employment contract of less than 03 months, kết quả bóng đá trực tiếp organization or individual providing income can choose to issue a deduction certificate for each tax deduction or one deduction certificate for multiple tax deductions in one tax period. For individuals signing a employment contract for 03 months or more, kết quả bóng đá trực tiếp organization or individual providing income issues only one deduction certificate for kết quả bóng đá trực tiếp individual in one tax period.

...

Thus, according to kết quả bóng đá trực tiếp above regulations, individuals or organizations deducting tax must prepare and issue deduction certificates to income recipients, ensuring all required contents are fully recorded.

For using electronic receipts, compliance with kết quả bóng đá trực tiếp standard data format of kết quả bóng đá trực tiếp tax authority is required. If kết quả bóng đá trực tiếp individual authorizes tax finalization, no certificate of PIT deduction is issued.

Note:For individuals not signing a employment contract or signing a employment contract of less than 03 months, kết quả bóng đá trực tiếp organization or individual providing income can choose to issue a deduction certificate for each tax deduction or one deduction certificate for multiple tax deductions in one tax period. For individuals signing a employment contract for 03 months or more, kết quả bóng đá trực tiếp organization or individual providing income issues only one deduction certificate for kết quả bóng đá trực tiếp individual in one tax period.