What contents are included in the Form 05/QTT-TNCN - Declaration on tax finalization for personal income tax applicable to organizations and individuals paying taxable income from salaries and wages in Vietnam?
What contents are included in the Form 05/QTT-TNCN - Declaration on tax finalization for personal income tax applicable to organizations and individuals paying taxable income from salaries and wages in Vietnam?
Based on Form 05/QTT-TNCN Appendix 2 issued together with Circular 80/2021/TT-BTC stipulating the form for personal income tax finalization declaration applicable to organizations and individuals paying taxable income from salaries and wages.
Download form 05/QTT-TNCN tax finalization declaration for personal income tax applicable to organizations and individuals paying taxable income from salaries and wages.
What contents are included in the Form 05/QTT-TNCN - Declaration on tax finalization for personal income tax applicable to organizations and individuals paying taxable income from salaries and wages in Vietnam? (Image from the Internet)
How to fill out the Form 05/QTT-TNCN - Declaration on tax finalization for personal income tax in Vietnam?
The guidelines for filling out personal income tax declaration form 05/kk-tncn are as follows:
*General information section
[01] Tax period: Enter according to the month, year, or quarter, year of the tax declaration period. In the case of monthly tax declaration, mark out the quarter, in quarterly tax declaration, mark out the month. (The tax period is either monthly or quarterly. Check the existence of overlapping months/quarters declarations).
[02] First-time submission: If it is the first tax declaration, mark an “x” in the square box.
[03] Supplementary submission: If it is not the first submission, it is identified as a supplementary declaration, and the number of supplementary declarations should be entered in the square box.
[04] Name of taxpayer: Clearly and fully state the name of the organization or individual paying income according to the Establishment Decision or Business Registration Certificate or taxpayer registration certificate.
[05] Tax code: Clearly and fully state the tax code of the organization or individual paying income according to the taxpayer registration certificate or tax code notification or tax code card issued by the tax authority.
[06], [07], [08] Address: Clearly and fully state the address of the headquarter of the organization or the permanent address (for individuals) registered with the tax authority.
[09], [10], [11] Telephone, fax, email: Clearly and fully state the telephone number, fax number, and email address of the organization or individual paying income (leave blank if not available).
[12] Name of tax agent (if any): If the organization or individual paying income authorizes a tax agent for tax declaration, clearly and fully state the name of the tax agent according to the Establishment Decision or Business Registration Certificate of the tax agent.
[13] Tax code: Clearly and fully state the tax code of the tax agent according to the taxpayer registration certificate or tax code notification or tax code card issued by the tax authority.
[14] Tax agent contract: Clearly and fully state the number and date of the tax agent contract between the income-paying organization or individual and the tax agent (current contract).
[15] Allocation of tax due to dependent accounting units in other provinces: If applicable, mark an “x” in the square box.
*Declaration of table indicators
[16] Total number of employees: The total number of individuals with salary or wage income paid by the organization or individual in the period.
[17] Resident individuals with labor contracts: The total number of resident individuals receiving salary or wage income under labor contracts of 03 months or more paid by the organization or individual in the period.
[18] Total number of individuals for whom tax has been withheld: Indicator [18] = [19] + [20].
[19] Resident individuals: The number of resident individuals with salary or wage income for which tax has been withheld.
[20] Non-resident individuals: The number of non-resident individuals with salary or wage income for which tax has been withheld.
[21] Total taxable income (TNI) paid to individuals: Indicator [21] = [22] + [23].
[22] Resident individuals: The taxable income from salaries, wages, and other taxable income of a similar nature paid by the organization or individual to resident individuals in the period.
[23] Non-resident individuals: The taxable income from salaries, wages, and other taxable income of a similar nature paid by the organization or individual to non-resident individuals in the period.
[24] Total taxable income from life insurance premiums and other non-mandatory insurance paid by an insurer not established in Vietnam for employees: The amount paid by the organization or individual for life insurance and other non-mandatory insurance with accumulated premiums provided by an insurer not established in Vietnam for employees.
[25] Total taxable income exempt under the Petroleum Agreement: Declare the total taxable income exempt under the Petroleum Agreement (if any arises).
[26] Total taxable income paid to individuals subject to tax withholding: Indicator [26] = [27] + [28].
[27] Resident individuals: The taxable income from salaries, wages, and other taxable income of a similar nature paid by the organization or individual to resident individuals subject to tax withholding in the period.
[28] Non-resident individuals: The taxable income from salaries, wages, and other taxable income of a similar nature paid by the organization or individual to non-resident individuals subject to tax withholding in the period.
[29] Total personal income tax withheld: Indicator [29] = [30] + [31].
[30] Resident individuals: The personal income tax withheld from resident individuals in the period.
[31] Non-resident individuals: The personal income tax withheld from non-resident individuals in the period.
[32] Total personal income tax withheld on insurance premiums paid by an insurer not established in Vietnam for employees: The total personal income tax withheld on the premiums paid for life insurance and other non-mandatory insurance with accumulated premiums provided by an insurer not established in Vietnam for employees. Indicator [32] = [24] x 10%.
Who is subject to personal income tax in vietnam ?
According to Article 2 of the Personal Income Tax Law 2007, the regulations are as follows:
Tax subjects
Tax subjects are resident individuals with taxable income specified in Article 3 of this Law arising within and outside the territory of Vietnam, and non-resident individuals with taxable income specified in Article 3 of this Law arising within the territory of Vietnam.
Resident individuals are those who meet one of the following conditions:
a) Being present in Vietnam for 183 days or more in a calendar year or for 12 consecutive months from the first day of presence in Vietnam;
b) Having a regular place of residence in Vietnam, including a registered permanent residence or a rented house in Vietnam under a term contract.
- Non-resident individuals are those who do not meet the conditions specified in Clause 2 of this Article.
Thus, those subject to personal income tax include:
- Tax subjects are resident individuals with taxable income arising within and outside the territory of Vietnam and non-resident individuals with taxable income specified in Article 3 of the Personal Income Tax Law 2007 arising within the territory of Vietnam.
- Resident individuals are those who meet one of the following conditions:
+ Being present in Vietnam for 183 days or more in a calendar year or for 12 consecutive months from the first day of presence in Vietnam.
+ Having a regular place of residence in Vietnam, including a registered permanent residence or a rented house in Vietnam under a term contract.
- Non-resident individuals are those who do not meet the conditions specified in Clause 2, Article 2 of the Personal Income Tax Law 2007.
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