Is tax finalization required when income is below trực tiếp bóng đá hôm nay taxable threshold for personal income tax in Vietnam?
Is tax finalization required when income is below trực tiếp bóng đá hôm nay taxable threshold for personal income tax in Vietnam?
Based on trực tiếp bóng đá hôm nay provisions at Point d, Clause 6, Article 8 ofDecree 126/2020/ND-CPas follows:
Types of taxes declared monthly, quarterly, annually, according to each tax obligation occurrence, and tax finalization declaration
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- Types of taxes, accounts subject to annual settlement and settlement up to trực tiếp bóng đá hôm nay time of dissolution, bankruptcy, cessation of activities, termination of contracts, or organization restructuring. In trực tiếp bóng đá hôm nay case of converting trực tiếp bóng đá hôm nay type of enterprise (excluding state-owned enterprises that are privatized) where trực tiếp bóng đá hôm nay converted enterprise inherits all tax obligations of trực tiếp bóng đá hôm nay transformed enterprise, there is no need to declare tax finalization up to trực tiếp bóng đá hôm nay time of trực tiếp bóng đá hôm nay decision on enterprise transformation, trực tiếp bóng đá hôm nay enterprise declares finalization at trực tiếp bóng đá hôm nay end of trực tiếp bóng đá hôm nay year. Specifically: as follows:
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d) Personal income tax for organizations, individuals paying taxable income from wages, salaries; individuals with income from wages and salaries authorized to finalize tax for organizations, individuals paying income; individuals with income from wages, salaries directly finalizing tax with trực tiếp bóng đá hôm nay tax authority. Specifically: as follows:
d.1) Organizations and individuals paying income from wages and salaries are responsible for declaring finalization and finalization on behalf of individuals who have authorized trực tiếp bóng đá hôm nay organization, individuals paying income, regardless of whether there is tax withholding or not. In cases where organizations and individuals do not arise in paying income, there is no need to declare personal income tax finalization.In cases where an individual is an employee transferred from an old organization to a new organization due to trực tiếp bóng đá hôm nay old organization performing a merger, consolidation, division, separation, transformation of trực tiếp bóng đá hôm nay enterprise type or trực tiếp bóng đá hôm nay old and new organizations are within trực tiếp bóng đá hôm nay same system, trực tiếp bóng đá hôm nay new organization is responsible for finalizing tax on behalf of trực tiếp bóng đá hôm nay individual concerning trực tiếp bóng đá hôm nay income portion paid by trực tiếp bóng đá hôm nay old organization and retrieving personal income tax deduction documents issued by trực tiếp bóng đá hôm nay old organization to trực tiếp bóng đá hôm nay employee (if any).
d.2) Resident individuals with income from wages, salaries authorized to finalize tax for organizations, individuals paying income. Specifically:
Individuals with income from wages, salaries signing labor contracts of 03 months or more at one place and currently working there at trực tiếp bóng đá hôm nay time trực tiếp bóng đá hôm nay organization, individuals paying income carry out tax finalization, even if not working for trực tiếp bóng đá hôm nay entire 12 months in trực tiếp bóng đá hôm nay year. In cases where trực tiếp bóng đá hôm nay individual is an employee transferred from an old organization to a new organization as stipulated in point d.1 of this clause, trực tiếp bóng đá hôm nay individual can authorize trực tiếp bóng đá hôm nay new organization to finalize tax.
Individuals with income from wages, salaries signing labor contracts of 03 months or more at one place and currently working there at trực tiếp bóng đá hôm nay time trực tiếp bóng đá hôm nay organization, individuals paying income perform tax finalization, even if not working for trực tiếp bóng đá hôm nay entire 12 months in trực tiếp bóng đá hôm nay year; simultaneously having casual income in other places averaging monthly in trực tiếp bóng đá hôm nay year not exceeding 10 million VND and have been deducted personal income tax at a rate of 10% if there is no request for tax finalization for this income portion.
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Thus, even though trực tiếp bóng đá hôm nay income has not reached trực tiếp bóng đá hôm nay level to pay PIT, individuals are still required to finalize trực tiếp bóng đá hôm nay 2025 tax (depending on trực tiếp bóng đá hôm nay case where trực tiếp bóng đá hôm nay individual authorizes trực tiếp bóng đá hôm nay organization, individual paying income to finalize, or directly declares personal income tax finalization with trực tiếp bóng đá hôm nay tax authority).
Additionally, according to trực tiếp bóng đá hôm nay guidance inCông văn 2783/CTTPHCM-TTHT năm 2024 hướng, trực tiếp bóng đá hôm nay subjects not required to finalize tax are as follows:
- Individuals with a personal income tax amount to be paid after annual settlement of 50,000 VND or less. Individuals exempt from tax in this case are self-responsible for determining trực tiếp bóng đá hôm nay exempted tax amount, not required to file a personal income tax finalization dossier, nor required to file a tax exemption dossier. In case trực tiếp bóng đá hôm nay settlement period before 2019 has been settled before trực tiếp bóng đá hôm nay effective date ofNghị định 126/2020/NĐ-CP, retrospective handling is not applied;
- Individuals with a personal income tax payable smaller than trực tiếp bóng đá hôm nay temporarily paid tax without a request for tax refund or offset against trực tiếp bóng đá hôm nay subsequent tax declaration period;
- Individuals with income from wages, salaries with labor contracts of 03 months or more at one unit and, simultaneously, having casual income in other places with an average monthly income not exceeding 10 million VND and have been deducted personal income tax at a rate of 10% if there is no request, do not need to finalize tax for this income portion;
- Individuals purchased life insurance (excluding voluntary pension insurance), other non-compulsory insurance with accumulated insurance premiums by trực tiếp bóng đá hôm nay employer or insurer, who have deducted personal income tax at a rate of 10% on trực tiếp bóng đá hôm nay premium amount corresponding to trực tiếp bóng đá hôm nay employer's purchase or contribution for trực tiếp bóng đá hôm nay individual, do not need to finalize personal income tax for this income portion.
Is tax finalization required when income is below trực tiếp bóng đá hôm nay taxable threshold for personal income tax in Vietnam?(Image from trực tiếp bóng đá hôm nay Internet)
Vietnam: What does trực tiếp bóng đá hôm nay personal income tax finalization dossier include?
Based on Article 43 of trực tiếp bóng đá hôm nayTax Administration Law 2019andCircular 80/2021/TT-BTCregulating trực tiếp bóng đá hôm nay personal income tax finalization dossier. Additionally, based on Sub-section 1 Section 4 ofOfficial Dispatch 13762/CTHN-HKDCN 2023issued by trực tiếp bóng đá hôm nay Hanoi Tax Department also provides guidance on personal income tax finalization.
From these regulations, trực tiếp bóng đá hôm nay personal income tax finalization dossier includes:
(1) For individuals directly finalizing personal income tax with tax authorities, trực tiếp bóng đá hôm nay dossier includes:
+ Personal income tax final declaration form No. 02/QTT-TNCN issued with Appendix 2Circular 80/2021/TT-BTC, dated September 29, 2021, by trực tiếp bóng đá hôm nay Ministry of Finance.
+ Appendix of deductions for dependents form No. 02-1/BK-QTT-TNCN issued with Appendix 2Circular 80/2021/TT-BTC, dated September 29, 2021, by trực tiếp bóng đá hôm nay Ministry of Finance.
+ Copies (photocopies from trực tiếp bóng đá hôm nay original) of documents proving deducted or temporarily paid taxes in trực tiếp bóng đá hôm nay year, taxes paid abroad (if any). In cases where trực tiếp bóng đá hôm nay income-paying organization does not issue withholding tax documents due to its cessation of operations, trực tiếp bóng đá hôm nay tax authority will consider trực tiếp bóng đá hôm nay taxpayer's dossier based on trực tiếp bóng đá hôm nay tax sector database without requiring withholding tax documents.
In cases where organizations, individuals paying income use electronic PIT withholding documents, trực tiếp bóng đá hôm nay taxpayer uses trực tiếp bóng đá hôm nay printed version converted from trực tiếp bóng đá hôm nay original electronic PIT withholding document sent by trực tiếp bóng đá hôm nay income-paying organization to trực tiếp bóng đá hôm nay taxpayer.
+ Copies of trực tiếp bóng đá hôm nay Tax Deduction Certificate (clearly stating trực tiếp bóng đá hôm nay payment of taxes according to trực tiếp bóng đá hôm nay tax return) issued by trực tiếp bóng đá hôm nay income-paying agency or certified bank documents for taxes paid abroad, in case foreign regulations do not require trực tiếp bóng đá hôm nay issuance of a tax payment confirmation certificate.
+ Copies of invoices documenting contributions to charity, humanitarian, and educational promotion funds (if any).
+ Documents proving payment from foreign income-paying units, organizations, in cases where individuals receive income from international organizations, Embassies, Consulates, and receive income from abroad.
+ trực tiếp bóng đá hôm nay registration dossier for dependents as prescribed at Point g, Clause 1, Article 9 ofCircular 111/2013/TT-BTC, amended by Article 1 ofThông tư 79/2022/TT-BTC(if applying deductions for dependents at trực tiếp bóng đá hôm nay time of tax finalization for dependents not yet registered).
(2) For organizations, individuals paying income, trực tiếp bóng đá hôm nay personal income tax finalization dossier includes:
+ Personal income tax final declaration form No. 05/QTT-TNCN issued with Appendix 2Circular 80/2021/TT-BTC, dated September 29, 2021, by trực tiếp bóng đá hôm nay Ministry of Finance.
+ Appendix for detailed listing of individuals taxed by progressive tariff schedule form No. 05-1/BK-QTT-TNCN issued with Appendix 2Circular 80/2021/TT-BTC, dated September 29, 2021, by trực tiếp bóng đá hôm nay Ministry of Finance.
+ Appendix for detailed listing of individuals taxed at a full tax rate form No. 05-2/BK-QTT-TNCN issued with Appendix 2Circular 80/2021/TT-BTC, dated September 29, 2021, by trực tiếp bóng đá hôm nay Ministry of Finance.
+ Appendix for detailed listing of dependents reducing family circumstances form No. 05-3/BK-QTT-TNCN issued with Appendix 2Circular 80/2021/TT-BTC, dated September 29, 2021, by trực tiếp bóng đá hôm nay Ministry of Finance.
(3) In cases where individuals authorize income-paying organizations to finalize on their behalf,trực tiếp bóng đá hôm nay individual completes a Personal Income Tax Finalization Authorization Form for trực tiếp bóng đá hôm nay tax year 2024 per form No. 08/UQ-QTT-TNCN issued with Appendix 2Circular 80/2021/TT-BTC, dated September 29, 2021, by trực tiếp bóng đá hôm nay Ministry of Finance.
When is trực tiếp bóng đá hôm nay deadline for submitting trực tiếp bóng đá hôm nay personal income tax finalization declaration in Vietnam?
Pursuant to Point a, Point b, Clause 2, Article 44 of trực tiếp bóng đá hôm nayTax Administration Law 2019, trực tiếp bóng đá hôm nay deadline for declaring and submitting trực tiếp bóng đá hôm nay Personal Income Tax Finalization dossier is as follows:
(1) For organizations paying income:trực tiếp bóng đá hôm nay deadline for submitting trực tiếp bóng đá hôm nay tax finalization declaration dossier is no later than trực tiếp bóng đá hôm nay last day of trực tiếp bóng đá hôm nay 3rd month from trực tiếp bóng đá hôm nay end of trực tiếp bóng đá hôm nay calendar year.
(2) For individuals directly finalizing tax:trực tiếp bóng đá hôm nay deadline for submitting trực tiếp bóng đá hôm nay tax finalization dossier is no later than trực tiếp bóng đá hôm nay last day of trực tiếp bóng đá hôm nay 4th month from trực tiếp bóng đá hôm nay end of trực tiếp bóng đá hôm nay calendar year.
In cases where individuals have personal income tax refunds but are late in submitting trực tiếp bóng đá hôm nay finalization declaration as required, no penalty for late tax finalization declaration will apply.
- In cases where trực tiếp bóng đá hôm nay tax finalization dossier submission deadline coincides with a prescribed holiday, trực tiếp bóng đá hôm nay deadline for submitting trực tiếp bóng đá hôm nay tax finalization dossier is calculated on trực tiếp bóng đá hôm nay next working day following that holiday, in accordance with trực tiếp bóng đá hôm naytrực tiếp bóng đá.
