What is the amount of dependent exemption in 2024 in Vietnam?

What is the amount of dependent exemption in 2024 in Vietnam?

Pursuant to Article 1 of the Resolution 954/2020/UBTVQH14 stipulating dependent exemption as follows:

Exemptions

The exemptions specified in Clause 1 Article 19 of the Law on Personal Income Tax No. 04/2007/QH12, amended by Law No. 26/2012/QH13, are changed as follows:

1. Personal exemption: 11 million VND/month (132 million VND/year);

2. Dependent exemption: 4,4 million VND/dependent/month.

As regulations above, the amount of dependent exemption is 4,4 million VND/dependent/month.

What is the amount of dependent exemption in 2024 in Vietnam? - Image from Internet

What are documents proving dependants in 2024 in Vietnam?

Pursuant to Cluase 1.g Article 9 of the Circular 111/2013/TT-BTC (amended by Article 1 of the Circular 79/2022/TT-BTC) stipulating documents proving dependants as follows:

In case where dependants are children of taxpayers:

- Children under 18 years old: Copy of Birth Certificate and ID card/ Citizen Identification Card.

- Children over 18 years old who are unable to work: Copy of Birth Certificate, ID card/ Citizen Identification Card, and Certificate of Disability.

- Children currently studying at educational institutions in Vietnam or abroad at university, college, vocational high school, vocational training, including those who are 18 years old or older studying at the secondary education level: Copy of Birth Certificate and Student Certificate.

- Copy of Student ID card or a declaration with confirmation from the school or other documents proving enrollment at universities, colleges, vocational high schools, secondary schools, or vocational training institutions.

- Adopted children, stepchildren, or children from non-marital relationships: Relevant documents depending on each specific case as mentioned above, and documents to prove the relationship.

In case where dependants are spouses of taxpayers:

- Copy of Residence Confirmation or Notification of Personal Identification Number and Information in the National Population Database or other documents issued by the Public Security Agency (to prove the marital relationship) or Copy of Marriage Certificate.

- Documents proving the dependent's inability to work if they are still of working age.

For dependents who are the biological father, biological mother, father-in-law, mother-in-law, stepfather, stepmother, stepfather-in-law, stepmother-in-law, legal foster father, legal foster mother of the taxpayer:

- Copy of ID card/ Citizen Identification Card, birth certificate.

- Documents proving the dependent's inability to work, documents proving the relationship between the taxpayer and the dependent.

For dependents who are individuals other than those mentioned above, without any other means of support and that the taxpayer is directly responsible for according to legal regulations:

-  Copy of ID card or Citizen Identification Card or Birth Certificate.

-Legal documents to determine the responsibility of support according to legal regulations.

- Documents proving the dependent's inability to work, documents proving the relationship between the taxpayer and the dependent.

For dependents who are foreign residents:

The documentation includes the relevant documents as mentioned above, or if not available, similar legal documents must be provided as a basis.

Who are subject to dependent exemption in 2024 in Vietnam?

Pursuant to Cluase 1.d Article 9 of the Circular 111/2013/TT-BTC (amended by Clause 6 Article 25 of the Circular 92/2015/TT-BTC) stipulating entities subject to dependent exemption as follows:

- Children: biological children, legal foster children, stepchildren, children from non-marital relationships, wife's separate children, husband's separate children, specifically including:

- Children under 18 years old (counting in completed months).

- Children aged 18 and above with disabilities and unable to work.

- Children currently studying in Vietnam or abroad at university, college, vocational high school, vocational training, including children aged 18 and above studying at the secondary education level, with no income or an average monthly income in the year from all sources not exceeding 1,000,000 Vietnamese Dong.

- Spouse of the taxpayer who meets the conditions as prescribed by law.

- Biological father, biological mother; father-in-law, mother-in-law (or stepfather, stepmother); stepfather-in-law, stepmother-in-law; legal foster father, legal foster mother of the taxpayer who meets the conditions as prescribed by law.

- Other individuals who have no means of support and whom the taxpayer is directly responsible for, and who meet the conditions as prescribed by law, including:

+ Siblings (brothers, sisters) of the taxpayer.

+ Grandfathers, grandmothers; paternal grandfathers, paternal grandmothers; paternal aunts, paternal uncles, maternal aunts, maternal uncles of the taxpayer.

+ Biological grandchildren of the taxpayer, including the children of siblings (brothers, sisters).

+ Other individuals who are directly supported as required by law.

Best regards!