Responsibilities of resident taxpayers in Vietnam
The Law on amending and supplementing a number of articles of the Law on personal income tax 2007 of Vietnam was issued on November 22, 2012. One of the notable amendments of this document is the regulation on responsibilities of income-paying organizations and individuals and responsibilities of resident taxpayers.
Article table of contents
Specifically, according to Clause 6 Article 1 of the Law on Personal Income Tax amended in 2012 amending Article 24 of the Law on Personal Income Tax 2007 of Vietnam, responsibilities of income-paying organizations and individuals and responsibilities of resident taxpayers are specified as follows:
- Responsibility to make tax declaration, withholding, payment and finalization is specified as follows:
+ Income-paying organizations and individuals shall make tax declaration, withhold and remit tax into the state budget, and make tax finalization for all kinds of taxable income they pay to taxpayers;
+ Individuals who have taxable incomes shall make tax declaration, pay tax into the state budget and make tax finalization as prescribed by law.
- Income-paying organizations and individuals shall supply information on incomes and dependents of taxpayers under their management as prescribed by law.
The Government shall specify tax withholding rates suitable to each kind of income specified at Point a Clause 1 Article 24 of Law on Personal Income Tax 2007 and the tax finalization specified in Clause 1 Article 24 of Law on Personal Income Tax 2007 of Vietnam.
View more amendments at the Law on Personal Income Tax amended in 2012 effective from July 01, 2013 on amending and supplementing a number of articles of the Law on Personal Income Tax 2007 of Vietnam.
- Special cases applying the standards for professional titles upon the appointment of leading officials in Vietnam
- Standards for the title of Head of the Department and equivalent under the Ministry in Vietnam as of May 1, 2024
- Standards for appointment of Director General and equivalent in Vietnam as of May 1, 2024
- What are cases of resigning from positions in the forces participating in the protection of security and order at the grassroots level in Vietnam?
- The Ministry of Health to rectify the quality of hospitals and warn of the risk of medical incidents in Vietnam
- The Ministry of Industry and Trade of Vietnam's announcement of the base prices of popular petroleum products on the market on April 25, 2024
-
- Special cases applying the standards for professional ...
- 20:06, 30/04/2024
-
- Standards for the title of Head of the Department ...
- 20:07, 29/04/2024
-
- Standards for appointment of Director General ...
- 10:07, 28/04/2024
-
- Notable documents of Vietnam in the previous week ...
- 16:44, 27/04/2024
-
- What are cases of resigning from positions in ...
- 09:07, 27/04/2024
