What is vtv5 trực tiếp bóng đá hôm nay maximum number of dependents to be registered for personal deduction by a taxpayer in Vietnam?

What is vtv5 trực tiếp bóng đá hôm nay definition of personal deductionin PIT calculation in Vietnam?

UnderClause 1, Article 19 of vtv5 trực tiếp bóng đá hôm nayPersonal Income Tax Law 2007, amended by Clause 4, Article 1 of vtv5 trực tiếp bóng đá hôm nayLaw on Amendments to Personal Income Tax Law 2012:

Personal deduction

1. Personal deduction means a sum of money deductible from pre-tax income from business, salary or wage of a resident taxpayer.Personal deduction consists of vtv5 trực tiếp bóng đá hôm nay following two parts:

a) Deduction for vtv5 trực tiếp bóng đá hôm nay taxpayer, which is VND 9 million/month (VND 108 million/year);

b) Deduction for each dependant of vtv5 trực tiếp bóng đá hôm nay taxpayer, which is VND 3.6 million/month.

In case vtv5 trực tiếp bóng đá hôm nay Consumer Price Index (CPI) changes over 20% compared to vtv5 trực tiếp bóng đá hôm nay effective time of vtv5 trực tiếp bóng đá hôm nay Law or vtv5 trực tiếp bóng đá hôm nay latest time point of adjusting vtv5 trực tiếp bóng đá hôm nay Personal deduction, vtv5 trực tiếp bóng đá hôm nay Government submits to vtv5 trực tiếp bóng đá hôm nay Standing committee of vtv5 trực tiếp bóng đá hôm nay National Assembly for adjustment of vtv5 trực tiếp bóng đá hôm nay Personal deduction specified in this clause in conformity with changes of price in order to apply for vtv5 trực tiếp bóng đá hôm nay next tax term.​

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3. Dependants of a taxpayer means persons a taxpayer is responsible for nurturing or taking care of, including:

a/ His/her minor children or disabled children who are incapable of working;

b/ Individuals who have no income or have incomes not exceeding vtv5 trực tiếp bóng đá hôm nay prescribed level, including adult children who are studying at a university, college, professional secondary school or job-training establishment; his/her spouse who is incapable of working; his/her parents who are beyond vtv5 trực tiếp bóng đá hôm nay working age or incapable of working; other supportless persons whom vtv5 trực tiếp bóng đá hôm nay taxpayer has to directly nurture.

vtv5 trực tiếp bóng đá hôm nay Government shall specify vtv5 trực tiếp bóng đá hôm nay income level and declaration for identification of dependants to be counted for Personal deduction.

Thus, personal deduction means a sum of money deductible from pre-tax income from business, salary or wage of a resident taxpayer.

What is vtv5 trực tiếp bóng đá hôm nay maximum number of dependents to be registered for personal deduction by a taxpayer in Vietnam? (Image from vtv5 trực tiếp bóng đá hôm nay Internet)

What is vtv5 trực tiếp bóng đá hôm nay maximum number of dependents to be registered for personal deduction by a taxpayer in Vietnam?

Under Point c, Clause 1, Article 9 ofCircular 111/2013/TT-BTC:

Deductions

vtv5 trực tiếp bóng đá hôm nay deductions guided in this Article are vtv5 trực tiếp bóng đá hôm nay amounts deducted from vtv5 trực tiếp bóng đá hôm nay taxable income of vtv5 trực tiếp bóng đá hôm nay person before calculating taxable income from wages, remunerations, and business. In particular:

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c) Principles for personal deduction

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c.2) Deduction for dependants

c.2.1) vtv5 trực tiếp bóng đá hôm nay taxpayer may make deductions for his or her dependants if vtv5 trực tiếp bóng đá hôm nay taxpayer has applied for tax registration and been issued with vtv5 trực tiếp bóng đá hôm nay tax code.

c.2.2) When registering deductions for dependants, vtv5 trực tiếp bóng đá hôm nay taxpayer shall be issued with tax codes for dependants and make preliminary deductions in vtv5 trực tiếp bóng đá hôm nay year from vtv5 trực tiếp bóng đá hôm nay registration date. vtv5 trực tiếp bóng đá hôm nay dependants that are registered before this Circular takes effect are still eligible for deductions until being issued with tax codes.

c.2.3) If vtv5 trực tiếp bóng đá hôm nay taxpayer has not made deductions for dependants in vtv5 trực tiếp bóng đá hôm nay tax year, vtv5 trực tiếp bóng đá hôm nay deductions for dependants shall be made from vtv5 trực tiếp bóng đá hôm nay month in which vtv5 trực tiếp bóng đá hôm nay custody is given when vtv5 trực tiếp bóng đá hôm nay taxpayer settles tax and registers deductions for dependants. Deductions for other dependants, who are defined in Point d.4 Clause of this Article, must be registered by December 31 of vtv5 trực tiếp bóng đá hôm nay tax year, otherwise vtv5 trực tiếp bóng đá hôm nay deduction for vtv5 trực tiếp bóng đá hôm nay whole tax year shall not be made.

c.2.4) vtv5 trực tiếp bóng đá hôm nay deduction for a dependant shall apply to only one taxpayer in vtv5 trực tiếp bóng đá hôm nay tax year. Where multiple taxpayers have vtv5 trực tiếp bóng đá hôm nay same dependant to provide for, they shall reach an agreement on vtv5 trực tiếp bóng đá hôm nay person that makes vtv5 trực tiếp bóng đá hôm nay deduction for such dependant.

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Thus, vtv5 trực tiếp bóng đá hôm nay law does not limit vtv5 trực tiếp bóng đá hôm nay number of dependents to be registered for personal deduction by a taxpayer. However, vtv5 trực tiếp bóng đá hôm nay deduction for a dependant shall apply to only one taxpayer in vtv5 trực tiếp bóng đá hôm nay tax year.

What are thedocumentsproving dependents beingparents for personal deduction in Vietnam?

Under Point g.3, Clause 1, Article 9 ofCircular 111/2013/TT-BTC, amended by Article 1 ofThông tư 79/2022/TT-BTC:

- Photocopies of ID cards or Citizen ID cards.

- Legitimate papers proving vtv5 trực tiếp bóng đá hôm nay relationship between vtv5 trực tiếp bóng đá hôm nay dependants and vtv5 trực tiếp bóng đá hôm nay taxpayer such as a photocopy of vtv5 trực tiếp bóng đá hôm nay written confirmation of residence or notice of personal identification number and citizen information in national population database or another paper issued by vtv5 trực tiếp bóng đá hôm nay police authority, certificates of birth, decisions on recognition of parent or child acknowledgement made by competent authorities.

In caseof working age, other papers proving vtv5 trực tiếp bóng đá hôm nay dependant’s incapability of work are required, apart from vtv5 trực tiếp bóng đá hôm nay aforesaid papers, such as a photocopy of vtv5 trực tiếp bóng đá hôm nay Certificate of disability according to regulations of law on vtv5 trực tiếp bóng đá hôm nay disabled that are incapable of works, a photocopy of vtv5 trực tiếp bóng đá hôm nay medical record of vtv5 trực tiếp bóng đá hôm nay ill person incapable of work (suffering from AIDS, cancer, chronic kidney failure, etc.).