Does xem bóng đá trực tiếp vtv2 owner of a single-member limited liability company with profits remittance abroad from direct investment activities in Vietnam have to pay personal income tax?
Does xem bóng đá trực tiếp vtv2 owner of a single-member limited liability company with profits remittance abroad from direct investment activities in Vietnam have to pay personal income tax (PIT)?
Pursuant to Point c, Clause 3, Article 2 ofCircular 111/2013/TT-BTC(amended by Clause 6, Article 11 ofCircular 92/2015/TT-BTC) regulating taxable income for PIT as follows:
Taxable Income
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- Income from capital investment
Income from capital investment is xem bóng đá trực tiếp vtv2 income received by an individual in xem bóng đá trực tiếp vtv2 following forms:
a) Interest received from lending to organizations, enterprises, households, individual businesses, or groups of individual businesses under loan contracts or agreements, excluding interest from deposits received from credit institutions, foreign bank branches as guided at Item g.1, Point g, Clause 1, Article 3 of this Circular.
b) Dividends received from capital contribution in purchasing shares.
c) Profits received from participating in capital contribution to limited liability companies, partnerships, cooperatives, joint ventures, business cooperation contracts, and other business forms as prescribed by xem bóng đá trực tiếp vtv2 Law on Enterprises and xem bóng đá trực tiếp vtv2 Law on Cooperatives; profits received from participating in capital contribution to credit institutions as prescribed by xem bóng đá trực tiếp vtv2 Law on Credit Institutions; capital contribution to securities investment funds and other investment funds established and operating under xem bóng đá trực tiếp vtv2 law.
Profits of private enterprises, single-member limited liability companies owned by an individual are not counted as taxable income from capital investment.
d) xem bóng đá trực tiếp vtv2 increase in contributed capital value received when dissolving an enterprise, converting xem bóng đá trực tiếp vtv2 operating model, dividing, splitting, merging, consolidating an enterprise, or withdrawing capital.
dd) Income received from interest on bonds, treasury bills, and other valuable papers issued by domestic organizations, except for income as guided at Item g.1 and g.3, Point g, Clause 1, Article 3 of this Circular.
e) Income received from capital investment under other forms, including cases of capital contribution investment in kind, by reputation, by land use rights, by inventions, and patents.
g) Income from dividends paid in shares, income from profits recorded as increased capital.
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Additionally, according toOfficial Dispatch 2043/TCT-DNNCN of 2024issued by xem bóng đá trực tiếp vtv2 General Department of Taxation regarding xem bóng đá trực tiếp vtv2 PIT policy on profit transfer abroad, it is stipulated that for a single-member limited liability company owned by a foreign individual, after fulfilling its financial obligations to xem bóng đá trực tiếp vtv2 State as prescribed in Article 4 ofCircular 186/2010/TT-BTC, xem bóng đá trực tiếp vtv2 distributed profits of xem bóng đá trực tiếp vtv2 individual, as xem bóng đá trực tiếp vtv2 owner, after paying corporate income tax, are not subject to personal income tax.
Thus, xem bóng đá trực tiếp vtv2 owner of a single-member limited liability company with profits remittance abroad from direct investment activities in Vietnam, after completing corporate income tax and other financial obligations to xem bóng đá trực tiếp vtv2 state, will not have to pay personal income tax.
Does xem bóng đá trực tiếp vtv2 owner of a single-member limited liability company with profits remittance abroad from direct investment activities in Vietnam have to pay personal income tax?(Image from Internet)
When is xem bóng đá trực tiếp vtv2 time for profits remittance abroad?
According to Article 4 ofCircular 186/2010/TT-BTC, there are regulations on xem bóng đá trực tiếp vtv2 timing for profits remittance abroad. Specifically:
- Annual transfer of profits abroad.
Foreign investors are allowed to annually transfer xem bóng đá trực tiếp vtv2 profits distributed or earned from direct investment activities in Vietnam abroad at xem bóng đá trực tiếp vtv2 end of xem bóng đá trực tiếp vtv2 fiscal year, after xem bóng đá trực tiếp vtv2 enterprise which xem bóng đá trực tiếp vtv2 foreign investor participates in has fulfilled its financial obligations to xem bóng đá trực tiếp vtv2 Vietnamese State as prescribed by law, submitted audited financial statements, and annual corporate income tax finalization declarations to xem bóng đá trực tiếp vtv2 direct tax management agency.
- Transfer of profits abroad upon xem bóng đá trực tiếp vtv2 termination of direct investment activities in Vietnam.
Foreign investors are allowed to transfer profits abroad upon terminating direct investment activities in Vietnam after xem bóng đá trực tiếp vtv2 enterprise in which xem bóng đá trực tiếp vtv2 foreign investor has participated has fulfilled financial obligations to xem bóng đá trực tiếp vtv2 Vietnamese State as prescribed by law, has submitted audited financial statements, and corporate income tax finalization declarations to xem bóng đá trực tiếp vtv2 direct tax management agency and fully complied with obligations prescribed by xem bóng đá trực tiếp vtv2 Tax Administration Law.
- Responsibilities of xem bóng đá trực tiếp vtv2 enterprise where xem bóng đá trực tiếp vtv2 foreign investor participates in capital investment.
xem bóng đá trực tiếp vtv2 enterprise where xem bóng đá trực tiếp vtv2 foreign investor participates in capital investment is responsible for fully performing financial obligations to xem bóng đá trực tiếp vtv2 Vietnamese State concerning income generated as profits that xem bóng đá trực tiếp vtv2 foreign investor transfers abroad.
How to determine xem bóng đá trực tiếp vtv2 annual profits remittance abroad by xem bóng đá trực tiếp vtv2 foreign investor in Vietnam?
According to Clause 1, Article 3 ofCircular 186/2010/TT-BTC, xem bóng đá trực tiếp vtv2 method for determining xem bóng đá trực tiếp vtv2 annual profits remittance abroad by xem bóng đá trực tiếp vtv2 foreign investor is specified as follows:
Annual profits remittance abroad are equal to xem bóng đá trực tiếp vtv2 profits distributed or earned by xem bóng đá trực tiếp vtv2 foreign investor from xem bóng đá trực tiếp vtv2 fiscal year from direct investment activities based on xem bóng đá trực tiếp vtv2 audited financial statements, xem bóng đá trực tiếp vtv2 enterprise's corporate income tax finalization declaration, plus (+) other profits such as those not fully transferred from previous years, minus (-) amounts that xem bóng đá trực tiếp vtv2 foreign investor has used or committed to reinvest in Vietnam, and profits used by xem bóng đá trực tiếp vtv2 foreign investor to cover expenses for production and business activities or personal needs of xem bóng đá trực tiếp vtv2 foreign investor in Vietnam.
