What is the newest authorization letter form for PIT finalization in 2022? Can an individual in Vietnam authorize another organization or individual to finalize PIT on his/her behalf?
Can an individual in Vietnam authorize another organization or individual to finalize PIT on his/her behalf?
According to Point d, Clause 1, Article 8 of Decree 126/2020/ND-CP:
Taxes declared monthly, quarterly, annually, separately; tax finalization
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6. The following taxes and amounts shall be declared annually and finalized when an enterprise is dissolved, shuts down, terminates a contract or undergoes rearrangement. In case of conversion (except equitized state-owned enterprises) where the enterprise after conversion inherits all tax obligations of the enterprise before conversion, tax shall be finalized at the end of the year instead of the issuance date of the decision on conversion. Tax shall be finalized at the end of the year):
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d) Personal income tax for salary payers; salary earners that authorize salary payers to finalize tax on their behalf; salary earners that finalize tax themselves. To be specific:
d.1) Salary payers shall finalize tax on behalf of authorizing individuals, whether tax is deducted or not. Tax finalization is not required if an individual does not earn any income. In case an employee is re-assigned to a new organization after the old organization is acquired, consolidated, divided or converted, or to a new organization that is in the same system as the old organization, the new organization shall finalize tax as authorized by such employee, including the income paid by the old organization, and collect documents about deduction of personal income tax issued by the old organization to the employee (if any).
d.2) A resident salary earner may authorize the salary payer to finalize tax if:
The salary earner has an employment contract with duration of at least 03 months and is working for the salary payer in reality when the tax is finalized by the salary payer, even if the salary earner has not worked for full 12 months in the year. In case the salary earner is reassigned to a new organization as prescribed in Point d.1 of this Clause, he/she may authorize the new organization to finalize tax.
The salary earner has an employment contract with a duration of at least 03 months and is working for the salary payer in reality when tax is finalized by the salary payer, even if the salary earner has not worked for full 12 months in the year, and earns an average monthly irregular income not exceeding 10 million VND which on which 10% personal income tax has been deducted and does not wish to have this income included in the tax finalization dossier.
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What is the authorization letter form for PIT finalization in Vietnam?
The authorization letter for PIT finalization in Vietnam is made in Form 08/UQ-QTT-TNCN issued with Decree 126/2020/ND-CP as follows:
Download the form: Here.
What are the procedures for PIT finalization authorization in Vietnam?
The procedures for PIT finalization authorization in Vietnam are carried out as follows:
(1) The individual with taxable income downloads and fills out the authorization letter form for PIT finalization.
- The authorization letter form for PIT finalization is mentioned above.
(2) After completing all the necessary information, the individual should return the authorization letter for PIT finalization to the income payer.
Above is the authorization letter form for PIT finalization in Vietnam for reference.
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