Transfer of Contributed Capital: How Long Until PIT Declaration Is Required?

Point d Clause 4 Article 16 of Circular 156/2013/TT-BTC provides regulations on the time for declaring personal income tax when transferring capital contributions as follows:

Deadline for submitting tax declaration documents

Individuals declaring tax for income from transferring capital contributions must declare personal income tax no later than the 10th (tenth) day from the date the capital transfer contract takes effect.

In case the enterprise pays tax on behalf of the individual, the deadline for submitting tax declaration documents must be no later than the time of performing procedures to change the list of contributing members as prescribed by law.

Thus, depending on whether the individual self-declares or the enterprise pays tax on behalf of the individual, the time for submitting tax declaration documents will be different.

Respectfully!