Vietnam: Is bóng đá hôm nay trực tiếp director's salary of a 5-Member LLC calculated as a operating costs of bóng đá hôm nay trực tiếp company?

Vietnam: Is bóng đá hôm nay trực tiếp director's salary of a 5-Member LLC calculated as a operating costs of bóng đá hôm nay trực tiếp company?

Pursuant to bóng đá hôm nay trực tiếp provisions in Article 66 of bóng đá hôm nay trực tiếpLaw on Enterprises 2020regarding bóng đá hôm nay trực tiếp salary, remuneration, bonus, and other benefits of bóng đá hôm nay trực tiếp Chairman of bóng đá hôm nay trực tiếp Members' Council, Director, General Director, and other managers belonging to a limited liability company with two or more members as follows:

Salary, remuneration, bonus, and other benefits of bóng đá hôm nay trực tiếp Chairman of bóng đá hôm nay trực tiếp Members' Council, Director, General Director, and other managers

1. bóng đá hôm nay trực tiếp company pays salary, remuneration, bonus, and other benefits for bóng đá hôm nay trực tiếp Chairman of bóng đá hôm nay trực tiếp Members' Council, Director, General Director, and other managers based on performance and business outcomes.

2. bóng đá hôm nay trực tiếp salary, remuneration, bonus, and other benefits of bóng đá hôm nay trực tiếp Chairman of bóng đá hôm nay trực tiếp Members' Council, Director, General Director, and other managers are calculated as operating costss according to bóng đá hôm nay trực tiếp provisions of bóng đá hôm nay trực tiếp law on corporate income tax, other relevant laws, and must be presented as a separate item in bóng đá hôm nay trực tiếp company's annual financial statements.

Thus, bóng đá hôm nay trực tiếp salary of bóng đá hôm nay trực tiếp Director of a 5-member LLCis calculated as a operating costsaccording to bóng đá hôm nay trực tiếp provisions of bóng đá hôm nay trực tiếp law on corporate income tax and other relevant laws of bóng đá hôm nay trực tiếp company.

Shall bóng đá hôm nay trực tiếp director's salary of a 5-Member LLC be deductable for CIT caculation?

bóng đá hôm nay trực tiếp expenses on salaries, wages, and bonuses for employees in bóng đá hôm nay trực tiếp following cases are not deductible when calculating corporate income tax (CIT) based on Clause 2.6 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-BTCand Clause 2 Article 3 ofCircular 25/2018/TT-BTC) as follows:

Expenses deductible and non-deductible when determining taxable income

...

2. Non-deductible expenses when determining taxable income include:

...

2.6. Expenses for salaries, wages, and bonuses for employees in bóng đá hôm nay trực tiếp following cases:

...

d) Salaries, wages, and bonuses for bóng đá hôm nay trực tiếp owner of a private enterprise, bóng đá hôm nay trực tiếp owner of a one-member limited liability company (owned by an individual); remuneration for 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.

...

Based on bóng đá hôm nay trực tiếp provision, bóng đá hôm nay trực tiếp salary and wage expenses of bóng đá hôm nay trực tiếp owner of a private enterprise, bóng đá hôm nay trực tiếp owner of a one-member limited liability company (owned by an individual) are categorized as non-deductible expenses when determining taxable CIT.

Thus,bóng đá hôm nay trực tiếp salary of bóng đá hôm nay trực tiếp Director of a 5-member LLC can be determined as a deductible expense when calculating CIT.

Vietnam: Is bóng đá hôm nay trực tiếp director's salary of a 5-Member LLC calculated as aoperating costsof bóng đá hôm nay trực tiếp company? (Image from bóng đá hôm nay trực tiếp Internet)

How to determine bóng đá hôm nay trực tiếp expenses for calculating CIT of a 5-Member LLC in Vietnam?

Pursuant to bóng đá hôm nay trực tiếp provisions in Article 6 ofCircular 78/2014/TT-BTC, bóng đá hôm nay trực tiếp expenses for calculating taxable CIT of a 5-member LLC is determined as follows:

expenses for calculating taxable CIT is bóng đá hôm nay trực tiếp entire amount of sales, processing fees, and service provision fees, including subsidies, surcharges, and extra fees bóng đá hôm nay trực tiếp enterprise enjoys, regardless of whether bóng đá hôm nay trực tiếp money has been collected or not.

- For enterprises paying value-added tax using bóng đá hôm nay trực tiếp deduction method, bóng đá hôm nay trực tiếp expenses does not include value-added tax.

Example 4: Enterprise A is subject to paying value-added tax using bóng đá hôm nay trực tiếp deduction method. bóng đá hôm nay trực tiếp value-added tax invoice includes bóng đá hôm nay trực tiếp following indicators:

Selling price: 100,000 VND.

VAT (10%): 10,000 VND.

Payment price: 110,000 VND.

bóng đá hôm nay trực tiếp expenses for calculating taxable income is 100,000 VND.

- For enterprises paying value-added tax using bóng đá hôm nay trực tiếp direct method on added value, bóng đá hôm nay trực tiếp expenses includes value-added tax.

Example 5: Enterprise B is subject to paying value-added tax using bóng đá hôm nay trực tiếp direct method on added value. bóng đá hôm nay trực tiếp sales invoice only records bóng đá hôm nay trực tiếp selling price of 110,000 VND (price inclusive of value-added tax).

bóng đá hôm nay trực tiếp expenses for calculating taxable income is 110,000 VND.

- In bóng đá hôm nay trực tiếp case of an enterprise engaged in service business where customers pay in advance for multiple years, bóng đá hôm nay trực tiếp expenses for calculating taxable income is allocated over bóng đá hôm nay trực tiếp number of years prepaid or determined according to one-time payment expenses.

In case bóng đá hôm nay trực tiếp enterprise is eligible for tax incentives, bóng đá hôm nay trực tiếp determination of bóng đá hôm nay trực tiếp tax amount to be exempted or reduced must be based on bóng đá hôm nay trực tiếp total corporate income tax payable for bóng đá hôm nay trực tiếp prepaid years divided by (:) bóng đá hôm nay trực tiếp number of prepaid years.