For foreigners working in Vietnam under an employment contract, what is vtv5 trực tiếp bóng đá hôm nay method of personal income tax deduction applying to vtv5 trực tiếp bóng đá hôm nay first month's income?

For foreigners working in Vietnam under an employment contract, what is themethod of personal income tax deductionapplying tothe first month's income?

Based on Article 25 ofThông tư 111/2013/TT-BTC, as amended by Clauses 1 and 2 of Article 20Circular 92/2015/TT-BTCas follows:

Tax deduction and tax deduction certificates

1. Tax deduction

Tax deduction is when an organization or individual paying income calculates vtv5 trực tiếp bóng đá hôm nay taxable amount to be deducted from vtv5 trực tiếp bóng đá hôm nay tax payer's income before paying vtv5 trực tiếp bóng đá hôm nay income. Specifically:

a) Income of a non-resident individual

Organizations and individuals paying taxable income to non-resident individuals are responsible for deducting personal income tax before paying vtv5 trực tiếp bóng đá hôm nay income. vtv5 trực tiếp bóng đá hôm nay amount of tax to be deducted is determined according to vtv5 trực tiếp bóng đá hôm nay guidance in Chapter III (from Article 17 to Article 23) of this Circular.

b) Income from salaries and wages

b.1) For resident individuals signing employment contracts of three (03) months or more, vtv5 trực tiếp bóng đá hôm nay organization or individual paying vtv5 trực tiếp bóng đá hôm nay income shall deduct tax according to vtv5 trực tiếp bóng đá hôm nay partially progressive tax schedule, including vtv5 trực tiếp bóng đá hôm nay case where vtv5 trực tiếp bóng đá hôm nay individual signs a contract of three (03) months or more at multiple places.

b.2) For resident individuals signing employment contracts of three (03) months or more but cease work before vtv5 trực tiếp bóng đá hôm nay contract ends, vtv5 trực tiếp bóng đá hôm nay organization or individual paying vtv5 trực tiếp bóng đá hôm nay income still deducts tax according to vtv5 trực tiếp bóng đá hôm nay partially progressive tax schedule.

b.3) For foreign individuals working in Vietnam, vtv5 trực tiếp bóng đá hôm nay organization or individual paying vtv5 trực tiếp bóng đá hôm nay income bases vtv5 trực tiếp bóng đá hôm nay tax deduction on vtv5 trực tiếp bóng đá hôm nay working duration in Vietnam recorded in vtv5 trực tiếp bóng đá hôm nay contract or document appointing them to work in Vietnam. Tax is temporarily deducted according to vtv5 trực tiếp bóng đá hôm nay partially progressive tax schedule (for individuals working in Vietnam for 183 days or more in vtv5 trực tiếp bóng đá hôm nay tax year) or vtv5 trực tiếp bóng đá hôm nay full tax schedule (for individuals working in Vietnam for less than 183 days in vtv5 trực tiếp bóng đá hôm nay tax year).

b.4) Insurance businesses are responsible for deducting tax on vtv5 trực tiếp bóng đá hôm nay accumulated premiums paid by vtv5 trực tiếp bóng đá hôm nay employer for life insurance (excluding voluntary pension insurance) or other non-compulsory insurance with premium accumulation, provided by an insurer established and operating under Vietnamese law. vtv5 trực tiếp bóng đá hôm nay amount of tax to be deducted is determined according to Clause 2, Article 14 of Circular No. 92/2015/TT-BTC.

Organizations and individuals paying income are responsible for deducting tax from vtv5 trực tiếp bóng đá hôm nay insurance premiums purchased or contributed before paying salaries to employees for life insurance, other non-compulsory insurance with premium accumulation from an insurer that is not established and operating under Vietnamese law, permitted to sell insurance in Vietnam, which vtv5 trực tiếp bóng đá hôm nay organization or individual pays for vtv5 trực tiếp bóng đá hôm nay employee. vtv5 trực tiếp bóng đá hôm nay amount of tax to be deducted is determined according to Clause 2, Article 14 of Circular No. 92/2015/TT-BTC.

b.5) vtv5 trực tiếp bóng đá hôm nay tax amount to be deducted for income from salaries and wages of resident individuals is determined according to vtv5 trực tiếp bóng đá hôm nay guidance in Article 7 of this Circular; for non-resident individuals, it is determined according to Article 18 of this Circular.

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Accordingly,based on vtv5 trực tiếp bóng đá hôm nay regulations, it is evident that for foreigners working in Vietnam under an employment contract, vtv5 trực tiếp bóng đá hôm nay first month's income tax deduction method is vtv5 trực tiếp bóng đá hôm nay partially progressive tax schedule (for individuals working in Vietnam for 183 days or more in vtv5 trực tiếp bóng đá hôm nay tax year) or vtv5 trực tiếp bóng đá hôm nay full tax schedule (for individuals working in Vietnam for less than 183 days in vtv5 trực tiếp bóng đá hôm nay tax year).

For foreigners working in Vietnam under an employment contract, what is vtv5 trực tiếp bóng đá hôm nay method of personal income tax deduction applying to vtv5 trực tiếp bóng đá hôm nay first month's income?(Image from Internet)

Whenis a taxpayer exempted from submitting a tax return in Vietnam?

Based on Clause 3, Article 7 ofDecree 126/2020/ND-CP, supplemented by Clause 2, Article 1 ofDecree 91/2022/ND-CP, stipulates cases in which taxpayers are exempted from submitting tax returns as follows:

- Taxpayers engaged in activities or business that are not subject to taxation according to vtv5 trực tiếp bóng đá hôm nay law on tax for each type of tax.

- Individuals with tax-exempt income according to vtv5 trực tiếp bóng đá hôm nay law on personal income tax and as specified in Point b, Clause 2, Article 79 of vtv5 trực tiếp bóng đá hôm nayTax Administration Law 2019except for individuals receiving inheritance or gifts that are real estate; real estate transfers.

- Export processing enterprises solely engaged in export activities are exempted from submitting a VAT return.

- Taxpayers temporarily suspending operations or business according to vtv5 trực tiếp bóng đá hôm nay regulations in Article 4 of this Decree.

- Taxpayers who have filed a request to terminate vtv5 trực tiếp bóng đá hôm nay tax identification number, except for cases of termination of operations, contract or reorganization of vtv5 trực tiếp bóng đá hôm nay enterprise according to Clause 4, Article 44 of vtv5 trực tiếp bóng đá hôm nayTax Administration Law 2019.

- Personal income tax declarants who are organizations or individuals paying income that must declare personal income tax monthly, quarterly but have no income tax withholding in vtv5 trực tiếp bóng đá hôm nay relevant month or quarter.

What are vtv5 trực tiếp bóng đá hôm nay penalties for failing to submit a PIT declaration in Vietnam?

Based on Article 13 ofDecree 125/2020/ND-CP, vtv5 trực tiếp bóng đá hôm nay regulations are as follows:

Penalties for late filing of tax returns

1. Warning for delays in filing a tax return from 01 to 05 days if there are mitigating circumstances.

2. Fines ranging from 2,000,000 VND to 5,000,000 VND for delays in filing a tax return from 01 to 30 days, except as stipulated in Clause 1 of this Article.

3. Fines ranging from 5,000,000 VND to 8,000,000 VND for delays in filing a tax return from 31 to 60 days.

4. Fines ranging from 8,000,000 VND to 15,000,000 VND for any of vtv5 trực tiếp bóng đá hôm nay following actions:

a) Filing a tax return 61 to 90 days late;

b) Filing a tax return more than 90 days late without incurred payable tax;

c) failing to submit a tax return but no incurred payable tax;

d) Not submitting annexes required by tax management regulations for enterprises with related-party transactions along with corporate income tax finalization dossiers.

5. Fines ranging from 15,000,000 VND to 25,000,000 VND for filing a tax return more than 90 days late from vtv5 trực tiếp bóng đá hôm nay due date, with incurred payable tax, and vtv5 trực tiếp bóng đá hôm nay taxpayer has already paid vtv5 trực tiếp bóng đá hôm nay full tax, late payment interest into vtv5 trực tiếp bóng đá hôm nay state budget before vtv5 trực tiếp bóng đá hôm nay tax authority issues a tax inspection or audit decision or before vtv5 trực tiếp bóng đá hôm nay tax authority makes a record of vtv5 trực tiếp bóng đá hôm nay delay in filing a tax return as per Clause 11, Article 143 Tax Administration Law.

If vtv5 trực tiếp bóng đá hôm nay penalty amount under this clause exceeds vtv5 trực tiếp bóng đá hôm nay payable tax on vtv5 trực tiếp bóng đá hôm nay tax return, vtv5 trực tiếp bóng đá hôm nay maximum penalty is limited to vtv5 trực tiếp bóng đá hôm nay amount of vtv5 trực tiếp bóng đá hôm nay payable tax on vtv5 trực tiếp bóng đá hôm nay tax return but not less than vtv5 trực tiếp bóng đá hôm nay average level of vtv5 trực tiếp bóng đá hôm nay penalty range specified in Clause 4 of this Article.

6. Remedial measures:

a) Required to pay vtv5 trực tiếp bóng đá hôm nay full amount of late payment tax to vtv5 trực tiếp bóng đá hôm nay state budget for violations specified in Clauses 1, 2, 3, 4, and 5 of this Article if vtv5 trực tiếp bóng đá hôm nay taxpayer's late filing leads to late tax payment;

b) Required to submit vtv5 trực tiếp bóng đá hôm nay tax return and annexes along with vtv5 trực tiếp bóng đá hôm nay tax return for violations under Point c, d Clause 4 of this Article.

According to these regulations, vtv5 trực tiếp bóng đá hôm nay administrative penalty for intentionally failing to file a PIT return is determined based on vtv5 trực tiếp bóng đá hôm nay overdue duration.

Additionally, violators must implement remedial measures alongside administrative penalties.

Note:vtv5 trực tiếp bóng đá hôm nay administrative penalties above apply to organizations. For individual violators, vtv5 trực tiếp bóng đá hôm nay administrative penalty is half of that imposed on organizations.