Refund of personal income tax (PIT) means the state agency's refund of the tax amount that taxpayers have paid into the state budget when falling into tax refund cases as prescribed by law. There are some notes on PIT refund that taxpayers need to know.
At the time near the Lunar New Year 2021, "13th month salary, Tet bonus" is one of the issues that employees are most concerned about. So, is the enterprise obligated to pay the 13th month salary to employees? Is the 13th month salary subject to personal income tax and social insurance in accordance with regulations in Vietnam?
Personal income tax (PIT) shall be calculated based on taxable income and income and tax rate. Taxable income equals taxed income minus the deductions. To calculate taxed income, taxpayers must subtract tax-exempt income from total income. According to Vietnam’s regulations, what incomes are not subject to personal income tax?
Recently, LAWNET has received a lot of questions from Customers and Members about whether employees who are working under seasonal labor contracts have to pay personal income tax? LAWNET would like to answer this question as follows.
In order to assist our Customers and Members in understanding Vietnam’s current labor and insurance laws to protect their legitimate rights, LawNet has compiled some important issues directly related to the rights of employees as follows.
As we all know, Personal Income Tax is an amount that income earners have to deduct part of their salary or from other sources of income into the state budget. So are there any cases where employees who earn income from wages and salaries may not need to pay this tax or pay a lower rate than prescribed?
The end of the coming year is also the time when businesses pay Tet bonuses and 13th month salary to employees. So, shall this amount of bonus be subject to personal income tax?
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