Shall an employee working for less than a year authorize trực tiếp bóng đá hôm nay employer to settle their PIT in Vietnam?

Shall an employee working for less than a year authorize trực tiếp bóng đá hôm nay employer to settle their PIT in Vietnam?

According to point d2, clause 6, Article 8 ofDecree 126/2020/ND-CP, a resident individual having income from salaries or wages can authorize tax settlement to trực tiếp bóng đá hôm nay income-paying organization or individual in trực tiếp bóng đá hôm nay following cases:

(1) An individual who has income from salaries or wages, signs a labor contract for 3 months or more at one place, and is actually working there at trực tiếp bóng đá hôm nay time trực tiếp bóng đá hôm nay organization or individual paying trực tiếp bóng đá hôm nay income carries out tax finalization, even if they have not worked for a full 12 months in trực tiếp bóng đá hôm nay year.

- In trực tiếp bóng đá hôm nay case where an employee is transferred from an old organization to a new one due to merger, consolidation, division, separation, conversion of trực tiếp bóng đá hôm nay business type, or if both 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 individual can authorize tax settlement to trực tiếp bóng đá hôm nay new organization.

(2) An individual who has income from salaries or wages, signs a labor contract for 3 months or more at one place, and is actually employed there at trực tiếp bóng đá hôm nay time trực tiếp bóng đá hôm nay organization or individual paying trực tiếp bóng đá hôm nay income carries out tax finalization, even if they have not worked for a full 12 months in trực tiếp bóng đá hôm nay year; in addition, having sporadic income from other places with an average monthly income in trực tiếp bóng đá hôm nay year not exceeding 10 million VND and has been subjected to a 10% personal income tax (PIT) withholding, provided there is no request for tax finalization for this income.

(3) A foreign individual who ends their working contract in Vietnam must declare tax finalization with trực tiếp bóng đá hôm nay tax authority before departing. If trực tiếp bóng đá hôm nay individual has not completed tax finalization with trực tiếp bóng đá hôm nay tax authority, they must authorize trực tiếp bóng đá hôm nay income-paying organization or another organization/person to settle trực tiếp bóng đá hôm nay tax according to regulations on tax finalization for individuals.

Note: In this case, trực tiếp bóng đá hôm nay income-paying organization or trực tiếp bóng đá hôm nay organization/person receiving authorization for tax settlement is responsible for any additional PIT payments due or for trực tiếp bóng đá hôm nay refund of overpaid taxes to trực tiếp bóng đá hôm nay individual.

Therefore, if an individual works for less than 1 year (12 months), they can still authorize PIT tax settlement if they fall into one of trực tiếp bóng đá hôm nay following two cases:

- Signing a labor contract for 3 months or more at one place and actually working there at trực tiếp bóng đá hôm nay time trực tiếp bóng đá hôm nay organization or individual paying trực tiếp bóng đá hôm nay income carries out tax finalization.

- Signing a labor contract for 3 months or more at one place and actually working there at trực tiếp bóng đá hôm nay time trực tiếp bóng đá hôm nay organization or individual paying trực tiếp bóng đá hôm nay income carries out tax finalization. Additionally, having sporadic income from other places but with an average monthly income in trực tiếp bóng đá hôm nay year not exceeding 10 million VND and has been subjected to a personal income tax withholding at a rate of 10% without requiring tax settlement for this income.

Shall an employee working for less than a year authorize trực tiếp bóng đá hôm nay employer to settle their PIT in Vietnam?(Image from trực tiếp bóng đá hôm nay Internet)

What is trực tiếp bóng đá hôm nay deadline for submitting PIT dossiers in Vietnam?

Based on points a and b, clause 2, Article 44 of trực tiếp bóng đá hôm nayTax Administration Law 2019and Section 5 ofOfficial Dispatch 883/TCT-DNNCN in 2022, trực tiếp bóng đá hôm nay deadlines for declaring and submitting PIT tax finalization documents are as follows:

- For income-paying organizations: trực tiếp bóng đá hôm nay deadline for submitting tax finalization declaration documents is trực tiếp bóng đá hôm nay last day of trực tiếp bóng đá hôm nay 3rd month following trực tiếp bóng đá hôm nay end of trực tiếp bóng đá hôm nay calendar year.

- For individuals directly finalizing taxes: trực tiếp bóng đá hôm nay deadline for submitting tax finalization documents is trực tiếp bóng đá hôm nay last day of trực tiếp bóng đá hôm nay 4th month following trực tiếp bóng đá hôm nay end of trực tiếp bóng đá hôm nay calendar year. If an individual is entitled to a PIT refund but submits trực tiếp bóng đá hôm nay tax finalization declaration late, no penalty for late filing of tax finalization declarations shall be applied.

- If trực tiếp bóng đá hôm nay deadline for submitting tax finalization documents coincides with a holiday as per regulations, trực tiếp bóng đá hôm nay deadline shall be extended to trực tiếp bóng đá hôm nay next working day following that holiday according to trực tiếp bóng đá hôm nay 2015 Civil Code.

What are cases wherean employee is not required to settle PIT in Vietnam?

According to sub-section 1, Section II ofOfficial Dispatch 883/TCT-DNNCN in 2022guiding trực tiếp bóng đá hôm nay settlement of PIT, individuals earning income from salaries and wages under trực tiếp bóng đá hôm nay following circumstances will not be required to settle personal income tax:

- Individuals whose additional PIT to be paid after finalization is 50,000 VND or less. Such individuals are exempted from tax in this case and can self-determine trực tiếp bóng đá hôm nay exempt amount; they are not obligated to submit tax finalization documents or tax exemption documents.

In case of tax settlement periods from 2019 and earlier that have been finalized prior to trực tiếp bóng đá hôm nay effective date ofNghị định 126/2020/NĐ-CP, retrospective treatment shall not apply.

- Individuals whose payable PIT is less than trực tiếp bóng đá hôm nay tax already temporarily paid without a request for a tax refund or offset against trực tiếp bóng đá hôm nay next tax declaration period.

- Individuals earning income from salaries or wages who sign a labor contract for 3 months or more with one unit, while having additional sporadic income from other places with an average monthly income in trực tiếp bóng đá hôm nay year not exceeding 10 million VND and having PIT withheld at a 10% rate; if not requested, they are not required to settle tax for this income.

- Individuals whose employer has purchased life insurance (excluding voluntary retirement insurance) or other non-mandatory insurance that accumulates insurance premiums, where trực tiếp bóng đá hôm nay employer or insurer has withheld PIT at a rate of 10% on trực tiếp bóng đá hôm nay insurance premium amount corresponding to trực tiếp bóng đá hôm nay portion trực tiếp bóng đá hôm nay employer has purchased or contributed for trực tiếp bóng đá hôm nay employee, such employees are not required to settle PIT for this income.