What is the newest application for registration of dependents in Vietnam?
What is the newest application for registration of dependents in Vietnam?
The newest application for registration of dependents in Vietnam is Form 07/DK-NPT-TNCN issued along with Circular 80/2021/TT-BTC.
See details and download the newest application for registration of dependents in Vietnam: Download
What is the newest application for registration of dependents in Vietnam? (Image from the Internet)
Who is considered a dependent of the taxpayer in Vietnam?
Under Point d, Clause 1, Article 9 of Circular 111/2013/TT-BTC as amended by Clause 6, Article 25 of Circular 92/2015/TT-BTC:
Deductions
The deductions guided in this Article are the amounts deducted from the taxable income of the person before calculating taxable income from wages, remunerations, and business. In particular:
1. Personal deductions
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d) Dependants include:
d.1) Children, legitimate adopted children, illegitimate children, stepchildren. To be specific:
d.1.1) Children under 18 years of age.
Example 10: A child of Mr. H born on July 25, 2014 is considered a dependant from July 2014.
d.1.2) Children from 18 years of age and over that are disabled and incapable of work.
d.1.3) Children studying in Vietnam or overseas in universities, college, vocational schools, including children from 18 years of age and over in high schools (including the period awaiting university enrolment result from June to September in 12th grade) that have no income or have the average monthly income of ≤ 1.000.000 VND in the year from all sources.
d.2) The taxpayer's spouse that meets the conditions in Point dd Clause 1 of this Article.
d.3) The taxpayer’s parents, parents-in-law, stepparents, legitimate adoptive parents that meet the conditions in Point dd Clause 1 of this Article.
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Thus, the dependents of the taxpayer include the following individuals:
(1) Children, legitimate adopted children, illegitimate children, stepchildren. To be specific:
- Children under 18 years of age.
- Children from 18 years of age and over that are disabled and incapable of work.
- Children studying in Vietnam or overseas in universities, college, vocational schools, including children from 18 years of age and over in high schools (including the period awaiting university enrolment result from June to September in 12th grade) that have no income or have the average monthly income of ≤ 1.000.000 VND in the year from all sources.
(2) The taxpayer's spouse that meets the following conditions:
- The person is disabled and incapable of work.
- The person has no income or his average monthly income from all sources does not exceed 1,000,000 VND.
- The people outside working age shall have no income or their average monthly income from all sources shall not exceed 1,000,000 VND.
(3) The taxpayer’s parents, parents-in-law, stepparents, legitimate adoptive parents that meet the following conditions:
- The person is disabled and incapable of work.
- The person has no income or his average monthly income from all sources does not exceed 1,000,000 VND.
- The people outside working age shall have no income or their average monthly income from all sources shall not exceed 1,000,000 VND.
(4) Other dependants that the taxpayer has to provide for, who meet the conditions specified, including:
- The taxpayer’s brothers and sisters.
- The taxpayer’s grandparents, aunts, uncles.
- The taxpayer’s nieces and nephews.
- Other people to provide for as prescribed by law.
What are the applicable personal deductions during 2024 in Vietnam?
According to Article 19 of the Law on Personal Income Tax 2007 as amended by Clause 4, Article 1 of the Law on Personal Income Tax Amendment 2012; Article 1 of Resolution 954/2020/UBTVQH14, the regulations on personal deductions are as follows:
Personal deductions
Personal deductions are amounts deducted from taxable income before tax is calculated on income from business, salary, or wages of taxpayers who are residents. Personal deductions include the following two parts:
1. The deduction for the taxpayer is 11 million VND/month (132 million VND/year);
2. The deduction for each dependent is 4.4 million VND/month.
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The applicable personal deductions during 2024 in Vietnam shall follow Resolution 954/2020/UBTVQH14. To be specific:
- The deduction for the taxpayer is 11 million VND/month (132 million VND/year);
- The deduction for each dependent is 4.4 million VND/month.
