Is bóng đá hôm nay trực tiếp salary of a sole proprietorship owner deductible when determining CIT in Vietnam?
Is bóng đá hôm nay trực tiếp salary of a sole proprietorship owner deductible when determining CIT in Vietnam?
Salaries, wages, and bonuses for workers in any of bóng đá hôm nay trực tiếp following cases are not deductible when determining taxable income for CIT, based on item 2.6, clause 2, Article 6 ofCircular 78/2014/TT-BTC(as amended and supplemented at clause 2, Article 6 ofCircular 119/2014/TT-BTC, clause 1, Article 4 ofThông tư 96/2015/TT-BTC, and clause 2, Article 3 ofCircular 25/2018/TT-BTC) as follows:
Deductible and non-deductible expenses when determining taxable income
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2. Non-deductible expenses when determining taxable income include:
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2.6. Salary, wage, and bonus expenses for employees in bóng đá hôm nay trực tiếp following cases:
a) Expenses for salary, wage, and other payables to employees which have been recorded in business production expenses in bóng đá hôm nay trực tiếp period but not actually paid or lack lawful payment vouchers as prescribed by law.
b) Salaries and bonuses for employees that do not clearly specify conditions and levels entitled in one of bóng đá hôm nay trực tiếp following documents: Labor contract; Collective labor agreement; Financial regulation of bóng đá hôm nay trực tiếp Company, Corporation, Group; Bonus regulation stipulated by bóng đá hôm nay trực tiếp Chairman of bóng đá hôm nay trực tiếp Board of Directors, General Director, Director in accordance with bóng đá hôm nay trực tiếp company's financial regulations.
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d) Salaries, wages for sole proprietorship owners*, owners of single-member limited liability companies (owned by individuals); remuneration to founders, members of bóng đá hôm nay trực tiếp members' council, bóng đá hôm nay trực tiếp board of directors who do not directly participate in bóng đá hôm nay trực tiếp management of production and business.*
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Thus, bóng đá hôm nay trực tiếp salaries and wages of sole proprietorship ownersare not deductible when determining CIT.
Is bóng đá hôm nay trực tiếp salary of asole proprietorshipowner deductible when determining CIT in Vietnam? (Image from bóng đá hôm nay trực tiếp Internet)
Which expenses of sole proprietorships are deductible when determining CITin Vietnam?
Based on bóng đá hôm nay trực tiếp provisions in clause 1, Article 6 ofCircular 78/2014/TT-BTC(as amended and supplemented at clause 2, Article 6 ofCircular 119/2014/TT-BTCand amended by Article 4 ofThông tư 96/2015/TT-BTC) as follows:
Deductible and non-deductible expenses when determining taxable income
1. Except for non-deductible expenses specified in Clause 2 of this Article, enterprises may deduct all expenses if they meet bóng đá hôm nay trực tiếp following conditions:
a) bóng đá hôm nay trực tiếp actual expenses incurred related to bóng đá hôm nay trực tiếp business and production activities of bóng đá hôm nay trực tiếp enterprise.
b) Expenses with sufficient lawful invoices and documents as prescribed by law.
c) Expenses with invoices for goods and services purchased each time with a value from 20 million VND or more (Vat included) when payment must have a non-cash payment voucher.
Non-cash payment vouchers must comply with bóng đá hôm nay trực tiếp provisions of legal documents on value added tax.
In bóng đá hôm nay trực tiếp case of goods and services purchased each time with a value of twenty million VND or more recorded on bóng đá hôm nay trực tiếp invoice but payment has not been made by bóng đá hôm nay trực tiếp time of cost recognition, bóng đá hôm nay trực tiếp enterprise may calculate it into deductible expenses when determining taxable income. If payment is made without non-cash payment vouchers, bóng đá hôm nay trực tiếp enterprise must declare, adjust, and reduce expenses for bóng đá hôm nay trực tiếp value of goods and services without non-cash payment vouchers in bóng đá hôm nay trực tiếp tax period where bóng đá hôm nay trực tiếp payment by cash arises (including cases where tax authorities and relevant agencies have decided to inspect and audit bóng đá hôm nay trực tiếp tax period where this expense incurred).
For invoices for goods and services that have been paid in cash prior to bóng đá hôm nay trực tiếp effective date of Circular 78/2014/TT-BTC, no adjustments need to be made in accordance with this Point.
Thus,except for non-deductible expenses, sole proprietorships may deduct all expenses when determining CIT taxable income if they meet bóng đá hôm nay trực tiếp above conditions.
Is a sole proprietorship owner bóng đá hôm nay trực tiếp legal representative of bóng đá hôm nay trực tiếp enterprise in Vietnam?
Based on bóng đá hôm nay trực tiếp provisions in Article 190 of bóng đá hôm nay trực tiếpLaw on Enterprises 2020regarding bóng đá hôm nay trực tiếp management of sole proprietorships as follows:
Management of sole proprietorships
1. bóng đá hôm nay trực tiếp sole proprietorship owner has full authority to decide on all business activities of bóng đá hôm nay trực tiếp sole proprietorship, bóng đá hôm nay trực tiếp use of profits after tax payment, and fulfillment of other financial obligations as prescribed by law.
2. bóng đá hôm nay trực tiếp sole proprietorship owner may directly or hire another person to act as General Director or Director to manage business operations; in this case, bóng đá hôm nay trực tiếp sole proprietorship owner is still responsible for all business activities of bóng đá hôm nay trực tiếp sole proprietorship.
3. bóng đá hôm nay trực tiếp sole proprietorship owner is bóng đá hôm nay trực tiếp legal representative, representing bóng đá hôm nay trực tiếp sole proprietorship as bóng đá hôm nay trực tiếp claimant, defendant, person with related rights and obligations before Arbitration, bóng đá hôm nay trực tiếp Court, representing bóng đá hôm nay trực tiếp sole proprietorship to exercise other rights and obligations as prescribed by law.
Thus, bóng đá hôm nay trực tiếp sole proprietorship owneris bóng đá hôm nay trực tiếp legal representative, representing bóng đá hôm nay trực tiếp sole proprietorship as bóng đá hôm nay trực tiếp claimant, defendant, person with related rights and obligations before Arbitration, bóng đá hôm nay trực tiếp Court, representing bóng đá hôm nay trực tiếp sole proprietorship to exercise other rights and obligations as prescribed by law.
