Is income from receipt vtv2 trực tiếp bóng đá hôm nay donation vtv2 trực tiếp bóng đá hôm nay land to build a lineage hall in Vietnam?

Hello, Lawnet would like to answer the following:

1. Is income from receipt vtv2 trực tiếp bóng đá hôm nay donation vtv2 trực tiếp bóng đá hôm nay land to build a lineage hall in Vietnam?

According to the provisions vtv2 trực tiếp bóng đá hôm nay Clause 10, Article 2 vtv2 trực tiếp bóng đá hôm nayThông tư 111/2013/TT-BTC, the taxable incomes:

Incomes from receipt vtv2 trực tiếp bóng đá hôm nay gifts are incomes the person receives from organizations and individuals at home and overseas. To be specific:

- Gifts being securities: shares, call options on shares, bonds, treasury bills, fund certificates, and other securities according to theLuật trực tiếp bóng; shares vtv2 trực tiếp bóng đá hôm nay the person in the joint-stock company according to theLuật xoilac tv trực.

- Gifts being capital in economic organizations and businesses: capital contribution to limited liability companies, cooperatives, partnerships, business cooperation contracts; capital in private enterprises and businesses vtv2 trực tiếp bóng đá hôm nay the person; capital in associations and funds established within the law, or the entire business if the private enterprise or business is under the ownership vtv2 trực tiếp bóng đá hôm nay the person.

- Gift being real estate: rights to use land, rights to use land and property thereon; ownership vtv2 trực tiếp bóng đá hôm nay houses, including future houses, infrastructure and constructions on land, including off-the-plan constructions; rights to rent land or water surface; other incomes from inheritance being real estate in any shape or form, except for incomes from the gifts being real estate mentioned in Point d Clause 1 Article 3 vtv2 trực tiếp bóng đá hôm nayThông tư 111/2013/TT-BTC.

- The ownership and use rights vtv2 trực tiếp bóng đá hôm nay gifts being other assets (cars, motorbikes, ships, barges, speedboats, towboats, yachts, airplanes, hunting guns, sporting guns) must be registered with state agencies.

Note:

According to Point d, Clause 1, Article 3 vtv2 trực tiếp bóng đá hôm nayThông tư 111/2013/TT-BTC. tax-free incomes include incomes from inherited real estate (including future houses and constructions according to regulations vtv2 trực tiếp bóng đá hôm nay law on real estate trading) between:

- Husband and wife,

- Parents and children;

- Adoptive parents and adopted children;

- Parents-in-law and children-in-law;

- Grandparents and grand children,

- Among siblings.

Thus, the recipient vtv2 trực tiếp bóng đá hôm nay a donation vtv2 trực tiếp bóng đá hôm nay land to build lineage hall still has to pay personal income tax, unless the recipient has a relationship with the donor specified at Point d, Clause 1, Article 3 vtv2 trực tiếp bóng đá hôm nayThông tư 111/2013/TT-BTC.

2. Basis for calculating tax on incomes from inheritance and gifts which is the land to build the lineage hall

Article 16 vtv2 trực tiếp bóng đá hôm nayThông tư 111/2013/TT-BTCstipulates basis for calculating tax on incomes from inheritance and gifts as follows:

Tax payable:

Personal income tax payable

=

Assessable income

x

10% tax

In there:

- Assessable income

+The value vtv2 trực tiếp bóng đá hôm nay rights to use land is based on the land price list made by the People’s Committee vtv2 trực tiếp bóng đá hôm nay the province before the person registers the rights to use real estate.

+ The value vtv2 trực tiếp bóng đá hôm nay houses and constructions on land is based on the regulations vtv2 trực tiếp bóng đá hôm nay competent authorities in charge vtv2 trực tiếp bóng đá hôm nay house classification, construction standards and limits imposed by competent authorities, residual value vtv2 trực tiếp bóng đá hôm nay the house or construction when the ownership is registered.

If the value is not identifiable, the prices imposed by the People’s Committee vtv2 trực tiếp bóng đá hôm nay the province shall apply.

- Tax rate: The rate vtv2 trực tiếp bóng đá hôm nay personal income tax on the income from inheritance and gifts is 10% according to the whole income tax table.

Thus, income from receiving gifts that are real estate is determined to be taxable income. Thus, the property being land use rights, the land for the construction vtv2 trực tiếp bóng đá hôm nay the religious church acquired from the donation with a value exceeding 10 million VND is subject to tax.

Key word: land | income | in Vietnam | tax | PIT | lineage hall |

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