Is vtv5 trực tiếp bóng đá hôm nay National Day bonus paid to employees in Vietnam subject to PIT?
Is vtv5 trực tiếp bóng đá hôm nay National Day bonuspaid to employees in Vietnam subject to PIT?
Under point e, clause 2, Article 2 ofCircular 111/2013/TT-BTCwhich stipulates taxableincome
Taxable Incomes
According to vtv5 trực tiếp bóng đá hôm nay provisions of Article 3 of vtv5 trực tiếp bóng đá hôm nay Law on PIT and Article 3 of Decree 65/2013/ND-CP, taxable personal incomes include:
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2. Incomes from wages and remunerations.
Incomes from wages and remunerations (hereinafter referred to as wages) are incomes paid to employees from employers, including:
a) Wages, remunerations, and vtv5 trực tiếp bóng đá hôm nay other amounts paid as wages or remunerations in cash or not in cash.
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e) Rewards in cash or not in cash in any shape or form, including rewards in vtv5 trực tiếp bóng đá hôm nay form of securities, except for:
e.1) Prize money associated with vtv5 trực tiếp bóng đá hôm nay titles awarded by vtv5 trực tiếp bóng đá hôm nay State, including vtv5 trực tiếp bóng đá hôm nay prize money associated with honorary titles as prescribed by law:
e.1.1) Prize money associated with honorary titles awarded by Ministries, central and provincial agencies and associations, excellent employee titles.
e.1.2) Prize money associated with vtv5 trực tiếp bóng đá hôm nay awards.
e.1.3) Prize money associated with vtv5 trực tiếp bóng đá hôm nay titles awarded by vtv5 trực tiếp bóng đá hôm nay State.
e.1.4) Prize money associated with vtv5 trực tiếp bóng đá hôm nay awards presented by associations and organizations belonging to central and local political organizations, socio-political organizations, social organizations, professional-social organizations that conforms to their charters and vtv5 trực tiếp bóng đá hôm nay Law on Emulation and Commendation.
e.1.5) Prize money associated with vtv5 trực tiếp bóng đá hôm nay Ho Chi Minh Prize and National Prize.
e.1.6) Prize money associated with medals or badges.
e.1.7) Prize money associated with certificates of merit
vtv5 trực tiếp bóng đá hôm nay powers to decide vtv5 trực tiếp bóng đá hôm nay commendation and prize money associated with vtv5 trực tiếp bóng đá hôm nay titles and awards above must be conformable with vtv5 trực tiếp bóng đá hôm nay Law on Emulation and commendation.
e.2) Prize money associated with national prizes and international prizes recognized by Vietnam.
e.3) Rewards for technical innovations and inventions recognized by competent authorities.
e.4) Rewards for reporting violations of law to competent authorities.
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Thus, vtv5 trực tiếp bóng đá hôm nay National Daybonuspaid to employees is considered taxableincome.
Is vtv5 trực tiếp bóng đá hôm nay National Day bonus paid to employees in Vietnam subject to PIT?
Shall employees in Vietnam receive assistance and guidance when paying PIT?
Under Article 16 of vtv5 trực tiếp bóng đá hôm nayLaw on Tax Administration 2019:
Rights of taxpayers
Taxpayers have vtv5 trực tiếp bóng đá hôm nay right to:
1. Receive assistance and guidance when paying tax; provide information and/or materials to fulfill tax liabilities and exercise tax rights.
2. Receive documents related to tax liabilities from competent authorities upon inspections, reviews and/or audits.
3. Request tax authorities to explain tax calculation and/or tax liability imposition; request assessment of quantity, quality, types of imported and/or exported goods.
4. Have confidentiality of information protected, except information that must be provided for competent authorities or tax-related public information as prescribed by law.
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Thus, employees in Vietnam shall receive assistance and guidance when paying PIT.
What are vtv5 trực tiếp bóng đá hôm nay instructions oncalculating PIT on bonuses in Vietnam?
Under Article 7 ofCircular 111/2013/TT-BTC, some content related to PIT for individual businesses is repealed by clause 6, Article 25 ofCircular 92/2015/TT-BTC, vtv5 trực tiếp bóng đá hôm nay calculation of PIT on an employee's bonus is based on vtv5 trực tiếp bóng đá hôm nay formula as follows:
PIT Payable = Taxable Income x Tax Rate
Where:
- Taxable income = taxable income - deductions under Article 9 ofCircular 111/2013/TT-BTC, some content related to PIT for individual businesses is repealed by clause 6, Article 25 ofCircular 92/2015/TT-BTC.
- Taxable income = Total income received by vtv5 trực tiếp bóng đá hôm nay employee - tax-exempt amounts.
Specifically, clause 3, Article 7 ofCircular 111/2013/TT-BTCprovides vtv5 trực tiếp bóng đá hôm nay following tax calculation guidance:
PIT is vtv5 trực tiếp bóng đá hôm nay total tax calculated based on each taxable income level. vtv5 trực tiếp bóng đá hôm nay tax for each level is calculated by multiplying vtv5 trực tiếp bóng đá hôm nay taxable income of that level by vtv5 trực tiếp bóng đá hôm nay corresponding tax rate.
vtv5 trực tiếp bóng đá hôm nay income tax levels are specified in clause 2, Article 7 ofCircular 111/2013/TT-BTCas follows:
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