Vietnam: What is the HoSE's Tet Holiday schedule 2025? Is it necessary to pay personal income tax when receiving stock as a Tet gift in Vietnam in 2025?

Vietnam: What is the HoSE's Tet Holiday schedule 2025?

On December 26, 2024, the Ho Chi Minh City Stock Exchange (HoSE) issued Notification 2079/TB-SGDHCM...Download regarding the announcement of the trading holiday schedule for 2025, which includes HoSE's Tet Holiday Schedule 2025.

The trading holiday schedule for HoSE in 2025 is as follows:

HoSE's Tet Holiday 2025 will be from Monday, January 27, 2025 (December 28, 2024 Lunar Calendar) to the end of Friday, January 31, 2025 (3rd day of Lunar New Year).

Trading will resume as normal from Monday, February 3, 2025.

Vietnam: What is the HoSE's Tet Holiday schedule 2025? (Image from the Internet)

Is it necessary to pay personal income tax when receiving stock as a Tet gift in Vietnam in 2025?

According to point a, clause 10, Article 2 of Circular 111/2013/TT-BTC, regulations on taxable individual income are as follows:

Taxable Income

Under Article 3 of the Law on Personal Income Tax and Article 3 of Decree No. 65/2013/ND-CP, taxable individual income includes:

...

10. Income from gifts

Income from gifts is the income received by individuals from organizations or individuals both within and outside the country. Specifically:

a) For gifts as securities, including: stocks, stock purchase rights, bonds, treasury bills, fund certificates, and other types of securities as prescribed by the Securities Law; shares of individuals in joint-stock companies as prescribed by the Enterprise Law.

b) For gifts as capital in economic organizations, business establishments including: capital in limited liability companies, cooperatives, partnerships, business cooperation contracts, capital in private enterprises, business establishments of individuals, capital in associations, funds allowed to be established under the law or the entire business establishment if it is a private enterprise, business establishment of an individual.

c) For gifts as real estate, including: land use rights; land use rights with assets attached to the land; homeownership rights, including future houses; infrastructure and constructions attached to land, including future constructions; land lease rights; water surface lease rights; other revenues from inheritance as real estate in any form; except income from gifts as real estate directed at point d, clause 1, Article 3 of this Circular.

d) For gifts as other assets that must be registered for ownership or right of use with state management agencies such as: cars; motorbikes, motorcycles; ships, including barges, canoes, tugboats, pushers; boats, including yachts; aircraft; hunting rifles, sports guns.

Therefore, in the case of receiving stocks as gifts, including: stocks, stock purchase rights, bonds, treasury bills, fund certificates, and other types of securities as prescribed by the Securities Law 2019; shares of individuals in joint-stock companies according to the Enterprise Law 2020, personal income tax must be paid.

What are prohibited acts in securities and stock market activities?

Based on Article 12 of the Securities Law 2019 (amended by clause 5, Article 1 of the Law amending the Securities Law, Accounting Law, Independent Audit Law, State Budget Law, Management, use of public property Law, Tax Management Law, Personal Income Tax Law, National Reserve Law, Administrative Violation Handling Law 2024), there are 07 prohibited acts in securities and stock market activities, including:

(1) Directly or indirectly committing fraud, deception, falsifying documents, creating false information or disclosing misleading or concealing information or omitting necessary information causing serious misunderstanding affecting the offering, listing, trading, business, investment in securities, providing securities services.

(2) Using inside information to buy or sell securities for oneself or others; disclosing, providing inside information or advising others to buy or sell securities based on inside information.

(3) Committing acts of manipulating the securities market.

(4) Conducting securities business activities, providing securities services without obtaining a license, certificate, or approval from the State Securities Commission.

(5) Using a customer's account, assets without the customer's authorization or contrary to the law or abusing trust to appropriate a customer's assets.

(6) Allowing others to use one's account to trade securities, owning securities on behalf of others leading to acts of manipulating securities prices.

(7) Organizing unauthorized securities trading markets contrary to the Securities Law 2019.