What is the schedule for the 2024 AFF Cup in Vietnam? Is income from football championships subject to personal income tax in Vietnam?

What is the schedule for the 2024 AFF Cup in Vietnam?

Below is the schedule for the 2024 AFF Cup in Vietnam as follows:

2024 AFF Cup in Vietnam - Group Stage Schedule:

2024 AFF Cup in Vietnam - Semi-final Schedule:

2024 AFF Cup in Vietnam - Final Schedule:

Note: the 2024 AFF Cup in Vietnam match schedule is for reference only!

What is the schedule for the 2024 AFF Cup in Vietnam? Is income from football championships subject to personal income tax in Vietnam? (Image from the Internet)

Is income from football championships subject to personal income tax in Vietnam?

Based on the provisions in point e, clause 2, Article 2 of Circular 111/2013/TT-BTC regarding taxable personal income as follows:

Taxable Income

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2. Income from wages and salaries

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e) Bonuses in cash or kind in any form, including bonuses in the form of stocks, except for the following bonuses:

e.1) Bonuses with titles conferred by the State, including bonuses with emulation titles, forms of commendation according to legal regulations on emulation and commendation, specifically:

e.1.1) Bonuses with emulation titles such as National Emulation Soldiers; Ministry-level, central union, province-level Emulation Soldiers; grassroots Emulation Soldiers, Advanced Laborers, Advanced Soldiers.

e.1.2) Bonuses with forms of commendation.

e.1.3) Bonuses with titles conferred by the State.

e.1.4) Bonuses with awards given by Associations, organizations belonging to political organizations, socio-political organizations, social organizations, social-professional organizations of the central and local levels in accordance with their charters and regulations of the Law on Emulation and Commendation.

e.1.5) Bonuses with Ho Chi Minh Awards, State Awards.

e.1.6) Bonuses with Memorial Medals, Insignia.

e.1.7) Bonuses with Certificates of Merit, Commendation Letters.

Authority for commendation decisions, bonus levels accompanying the mentioned emulation titles, commendation forms must comply with the Law on Emulation and Commendation.

e.2) Bonuses with national and international awards recognized by the State of Vietnam.

e.3) Bonuses for technical innovations, patents, inventions recognized by competent state agencies.

e.4) Bonuses for the detection and reporting of legal violations to competent state agencies.

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For football players participating in tournaments such as the AFF Cup, SEA Games, and winning prizes accompanied by titles and medals, these bonuses are considered as prizes accompanied by Memorial Medals or Insignia.

According to regulations, bonuses players receive with Memorial Medals, Insignia are not subject to personal income tax (PIT) as they fall under the non-taxable bonus income category.

Note:

In addition to prizes from the tournament organizers, if the victorious team receives additional bonuses (in cash or kind, in any form), these amounts are considered taxable PIT income. Therefore, players earning income from these bonuses must declare and pay PIT in accordance with the law.

What is the personal income tax period in Vietnam?

According to Article 7 of the Law on Personal Income Tax 2007, amended by clause 3, Article 1 of the Law on Amendments to the Law on Personal Income Tax 2012, the regulation on the personal income tax period is as follows:

- For resident individuals, the tax period is regulated as follows:

+ The annual tax period applies to income from business activities; income from wages and salaries;

+ The tax period for each occasion of income arises applies to income from capital investment; income from capital transfer, except for income from securities transfer; income from real estate transfer; income from winnings; income from copyrights; income from franchise; income from inheritance; income from gifts;

+ The tax period is for each occasion of transfer or annually for income from securities transfer

- For non-resident individuals, the tax period is calculated for each occasion of income arises applying to all taxable income.