The Law on Amendments to Tax Laws 2014 was promulgated on November 26, 2014. One of the notable amendments and supplements in this document is the amendment and supplementation of the comprehensive personal income tax schedule in Vietnam.
A person with monthly taxable income subject to personal income tax (PIT) discovers that they have a critical illness. In this case, is that person eligible for a tax exemption or reduction in PIT? If so, what are the procedures?
Article 5 of Decree 65/2013/ND-CP stipulates the consideration of personal income tax reduction for taxpayers who are individuals suffering from serious illnesses, affecting their ability to pay taxes in Vietnam. The following diseases are included in the Decree:
Procedures for implementation and submission of personal income tax finalization documents are subjects that garner significant interest. Recently, the District 1 Department of Taxation in Ho Chi Minh City issued Official Dispatch 2133/CCT-TTHT providing guidelines on the 2016 PIT finalization applicable to resident individuals with income from wages and salaries.
Year-end tax finalization in Vietnam is an issue of concern for many organizations and individuals. According to regulations, the deadline for submitting the tax finalization declaration is no later than the 90th day from the end of the calendar year. Thus, the deadline for submitting tax finalization documents is approaching quickly. The following are important notes to be aware of when carrying out tax finalization.
In order to assist our esteemed members in easily searching and referencing documents related to personal income tax (PIT) finalization, There is a number of legal documents below:
To address issues arising during the personal income tax (PIT) finalization process, An Giang Provincial Tax Department has issued Official Dispatch 242/CT-TNCN to units responsible for personal income tax finalization, providing guidance on submitting the 2016 personal income tax finalization declaration in Vietnam. Below are some noteworthy points.
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