How to calculate personal income đá bóng trực tiếp refund from wages and salaries in Vietnam in 2024?
What are cases ofpersonal income đá bóng trực tiếp refundin Vietnam?
According to Article 8 of theLaw on Personal Income đá bóng trực tiếp 2007, regulations on đá bóng trực tiếp management and đá bóng trực tiếp refunds are as follows:
đá bóng trực tiếp Management and đá bóng trực tiếp Refunds
- Taxpayer registration, đá bóng trực tiếp declaration, đá bóng trực tiếp deduction, đá bóng trực tiếp payment, đá bóng trực tiếp finalization, đá bóng trực tiếp refund, handling of violations of đá bóng trực tiếp laws, and đá bóng trực tiếp management measures are implemented in accordance with the provisions of the đá bóng trực tiếp management law.
- Individuals are entitled to đá bóng trực tiếp refunds in the following cases:
a) The amount of đá bóng trực tiếp paid is greater than the amount of đá bóng trực tiếp payable;
b) The individual has paid đá bóng trực tiếp but their taxable income does not reach the level subject to đá bóng trực tiếp payment;
c) Other cases as decided by the competent state authority.
Therefore, according to the above regulations, individuals are entitled to đá bóng trực tiếp refunds in the following cases:
- The amount of đá bóng trực tiếp paid is greater than the amount of đá bóng trực tiếp payable;
- The individual has paid đá bóng trực tiếp but their taxable income does not reach the level subject to đá bóng trực tiếp payment;
- Other cases as decided by the competent state authority.
How to calculate personal income đá bóng trực tiếp refund from wages and salaries in Vietnamin 2024? (Image from the Internet)
How to calculate personal income đá bóng trực tiếp refund from wages and salaries in Vietnam in 2024?
According to Form 02/QTT-TNCNDownloadissued together withCircular 80/2021/TT-BTC, the formula for calculating the refundable personal income đá bóng trực tiếp for resident individuals with income from wages and salaries is as follows:
Overpaid Personal Income đá bóng trực tiếp = Personal Income đá bóng trực tiếp Paid - Personal Income đá bóng trực tiếp Payable according to đá bóng trực tiếp Finalization
In this, the personal income đá bóng trực tiếp paid is determined based on the transaction amount deposited into the State budget or the personal income đá bóng trực tiếp deduction certificate.
Personal Income đá bóng trực tiếp Payable = [(Total taxable income - Total deductions) : 12 months] x đá bóng trực tiếp rate x 12 months.
This is the amount of đá bóng trực tiếp that individuals must pay according to đá bóng trực tiếp finalization. This đá bóng trực tiếp amount is calculated based on legal regulations related to taxable income, deductions, and đá bóng trực tiếp rates.
To calculate the amount of refundable personal income đá bóng trực tiếp, it is necessary to know exactly how much đá bóng trực tiếp has been provisionally paid and how much đá bóng trực tiếp is due.
Vietnam: What does the application for refund of overpayments from wages and salaries include?
Based on Article 42 ofCircular 80/2021/TT-BTCstipulating the application for refund of overpayments from wages and salaries as follows:
Dossier for Overpaid đá bóng trực tiếp
- Dossier for personal income đá bóng trực tiếp refund for income from wages and salaries
a) In the case where organizations and individuals paying income from wages and salaries finalize đá bóng trực tiếp for individuals who have authorized them
The dossier includes:
a.1) A written request for handling of overpaid đá bóng trực tiếp, late payment fines, according to Form No. 01/DNXLNT issued together with Appendix I of this Circular;
a.2) A power of attorney in compliance with the law in cases where the taxpayer does not directly carry out the đá bóng trực tiếp refund procedure, excluding đá bóng trực tiếp agents submitting the đá bóng trực tiếp refund dossier under the contract signed with the taxpayer;
a.3) A detailed list of đá bóng trực tiếp payment documents according to Form No. 02-1/HT issued together with Appendix I of this Circular (applicable to organizations and individuals paying income).
b) In cases where individuals with income from wages, salaries directly finalize đá bóng trực tiếp with đá bóng trực tiếp authorities, have overpaid đá bóng trực tiếp, and request a refund on the individual income đá bóng trực tiếp finalization declaration, they do not have to submit a đá bóng trực tiếp refund dossier.
The đá bóng trực tiếp authority resolves the refund based on the personal income đá bóng trực tiếp finalization dossier to process the overpaid amount for the taxpayer according to the regulations.
- Dossier for overpaid taxes and other payments includes:
a) A written request for handling of overpaid đá bóng trực tiếp, late payment fines, according to Form No. 01/DNXLNT issued together with Appendix I of this Circular;
b) A power of attorney in cases where the taxpayer does not directly carry out the đá bóng trực tiếp refund procedure, excluding đá bóng trực tiếp agents submitting the đá bóng trực tiếp refund dossier under the contract signed with the taxpayer;
c) Accompanying documents (if any).
- In case of overpayment when converting ownership, converting business, merger, consolidation, division, separation, dissolution, bankruptcy, termination of activities which require đá bóng trực tiếp authorities to conduct inspections at the taxpayer's premises in accordance with point g, clause 1, Article 110 of the đá bóng trực tiếp Administration Law and Chapter VIII of this Circular, if in the Conclusion or Resolution and other inspection documents there is an overpaid đá bóng trực tiếp amount, the taxpayer is not required to submit a đá bóng trực tiếp refund dossier as stipulated in this clause. The đá bóng trực tiếp authority will base on the Conclusion or Resolution and other inspection documents to carry out the overpaid amount refund procedure for the taxpayer according to the regulations.
From the above regulations, it can be seen that the dossier for personal income đá bóng trực tiếp refund concerning income from wages and salaries is as follows:
(1) In the case where organizations, individuals paying income from wages and salaries finalize đá bóng trực tiếp for individuals who have authorized them
The application for refund of overpayments includes:
- A written request for handling of overpaid đá bóng trực tiếp, late payment fines, according to Form No. 01/DNXLNT issued together with Appendix I of this Circular;
- A power of attorney in compliance with the law in cases where the taxpayer does not directly carry out the đá bóng trực tiếp refund procedure, excluding đá bóng trực tiếp agents submitting the đá bóng trực tiếp refund dossier under the contract signed with the taxpayer;
- A detailed list of đá bóng trực tiếp payment documents according to Form No. 02-1/HT issued together with Appendix I of this Circular (applicable to organizations and individuals paying income).
(2) In cases where individuals with income from wages and salaries directly finalize đá bóng trực tiếp with đá bóng trực tiếp authorities, have overpaid đá bóng trực tiếp, and request a refund on the individual income đá bóng trực tiếp finalization declaration, they do not have to submit a đá bóng trực tiếp refund dossier.
The đá bóng trực tiếp authority resolves the refund based on the personal income đá bóng trực tiếp finalization dossier to process the overpaid amount for the taxpayer according to the regulations.
