Latest Guidelines on Personal Income Tax Finalization and Dependent Tax Identification Number Issuance

20:10, 10/07/2024

The Hanoi Tax Department under the General Department of Taxation of Vietnam has just issued Official Dispatch 5749/CT-TNCN on the finalization of personal income tax for the year 2017 and the issuance of dependent taxpayer identification numbers.

Taxable income to be settled for the year 2017 is the total income from wages and salaries that an individual actually receives from January 1, 2017, to December 31, 2017. Note:

- If the individual resides at the workplace's headquarters, the taxable income is based on house rent, or depreciation expenses for electricity, water, and other services calculated according to the proportion of the area used to the total office area;- Housing rent, electricity and water, and accompanying services paid by the enterprise on behalf of the individual are included in taxable income according to the actual amount paid on behalf, but not exceeding 15% of the total taxable income;- Allowances and subsidies not included in taxable income are compiled in the catalog issued with Official Dispatch 1381/TCT-TNCN.

See additional contents in Official Dispatch 5749/CT-TNCN issued on February 5, 2018.

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