Which fiscal year is trực tiếp bóng đá hôm nay euro 13th month salary settled in in Vietnam? When is trực tiếp bóng đá hôm nay euro personal income tax on trực tiếp bóng đá hôm nay euro 13th month salary calculated in Vietnam?

Which fiscal year is trực tiếp bóng đá hôm nay euro 13th month salary settled in in Vietnam?

Based onOfficial Dispatch 3620/CT-TTHT in 2017guiding trực tiếp bóng đá hôm nay euro corporate income tax policy issued by trực tiếp bóng đá hôm nay euro Ho Chi Minh City Tax Department as follows:

According to trực tiếp bóng đá hôm nay euro aforementioned regulation, in principle, trực tiếp bóng đá hôm nay euro 13th month salary of 2016 paid by trực tiếp bóng đá hôm nay euro Company to employees before trực tiếp bóng đá hôm nay euro deadline for submitting trực tiếp bóng đá hôm nay euro corporate income tax finalization report for trực tiếp bóng đá hôm nay euro year 2016 (March 31, 2017) shall be counted as deductible expenses when determining trực tiếp bóng đá hôm nay euro taxable corporate income for trực tiếp bóng đá hôm nay euro year 2016*, provided that these 13th month salaries are specifically recorded with conditions and levels of entitlement in trực tiếp bóng đá hôm nay euro Labor contract; Collective labor agreement; Financial regulation of trực tiếp bóng đá hôm nay euro Company; Reward policy set by trực tiếp bóng đá hôm nay euro Chairman of trực tiếp bóng đá hôm nay euro Board, General Director of trực tiếp bóng đá hôm nay euro Company in accordance with trực tiếp bóng đá hôm nay euro financial regulations of trực tiếp bóng đá hôm nay euro Company.*

In case trực tiếp bóng đá hôm nay euro Company has submitted trực tiếp bóng đá hôm nay euro annual financial report and trực tiếp bóng đá hôm nay euro tax finalization declaration for trực tiếp bóng đá hôm nay euro year 2016 to trực tiếp bóng đá hôm nay euro Tax authority but later discovers a mistake, trực tiếp bóng đá hôm nay euro Company should resubmit trực tiếp bóng đá hôm nay euro financial report and corporate income tax finalization declaration for trực tiếp bóng đá hôm nay euro year 2016, along with trực tiếp bóng đá hôm nay euro Supplementary Explanation Table, adjustment (Form 01/KHBS) as stipulated in Clause 5, Article 10 of Circular No. 156/2013/TT-BTC of trực tiếp bóng đá hôm nay euro Ministry of Finance to trực tiếp bóng đá hôm nay euro Tax authority.

And based onCông văn 512/CT-TTHT năm 2017 về chi phíguiding deductible expenses for annual bonuses to employees issued by trực tiếp bóng đá hôm nay euro Ho Chi Minh City Tax Department:

In trực tiếp bóng đá hôm nay euro case presented by trực tiếp bóng đá hôm nay euro Company regarding trực tiếp bóng đá hôm nay euro payment of trực tiếp bóng đá hôm nay euro 13th month salary and "annual bonus" to employees, these expenses, if specifically recorded with conditions and levels of entitlement in any of trực tiếp bóng đá hôm nay euro documents mentioned in Clause 2.6, Article 4 of Circular No. 96/2015/TT-BTC, are considered deductible expenses when determining taxable corporate income, specifically:

+ trực tiếp bóng đá hôm nay euro 13th month salary of 2015, actually paid in December 2015, is counted as a deductible expense when determining taxable corporate income for trực tiếp bóng đá hôm nay euro year 2015.

+ trực tiếp bóng đá hôm nay euro "annual bonus" determined by trực tiếp bóng đá hôm nay euro General Director based on trực tiếp bóng đá hôm nay euro business results and employee performance, actually paid in April 2016, is counted as deductible expenses when determining taxable corporate income for trực tiếp bóng đá hôm nay euro year 2016.

Thus, based on trực tiếp bóng đá hôm nay euro above regulations, trực tiếp bóng đá hôm nay euro settlement of trực tiếp bóng đá hôm nay euro 13th month salary for tax purposes depends on trực tiếp bóng đá hôm nay euro time trực tiếp bóng đá hôm nay euro enterprise pays trực tiếp bóng đá hôm nay euro salary, specifically:

- If paid to employees before trực tiếp bóng đá hôm nay euro deadline for submitting trực tiếp bóng đá hôm nay euro annual tax finalization dossier, it is accounted as trực tiếp bóng đá hôm nay euro expense of that year.

- If trực tiếp bóng đá hôm nay euro 13th month salary is paid after trực tiếp bóng đá hôm nay euro deadline for submitting trực tiếp bóng đá hôm nay euro annual tax finalization dossier, it is only counted as trực tiếp bóng đá hôm nay euro expense of trực tiếp bóng đá hôm nay euro following year.

Note: For trực tiếp bóng đá hôm nay euro 13th month salary to be accounted, there must be specific provisions regarding trực tiếp bóng đá hôm nay euro entitlement conditions and levels in any of trực tiếp bóng đá hôm nay euro documents: (Labor contract, Collective labor agreement, Financial regulations, or Reward policy)

Which fiscal year is trực tiếp bóng đá hôm nay euro 13th month salary settled in in Vietnam? When is trực tiếp bóng đá hôm nay euro personal income tax on trực tiếp bóng đá hôm nay euro 13th month salary calculated in Vietnam? (Image from trực tiếp bóng đá hôm nay euro Internet)

When is trực tiếp bóng đá hôm nay euro personal income tax on trực tiếp bóng đá hôm nay euro 13th month salary calculated in Vietnam?

According to point e, clause 2, Article 2 ofCircular 111/2013/TT-BTC, trực tiếp bóng đá hôm nay euro regulation is as follows:

Taxable incomes

According to Article 3 of trực tiếp bóng đá hôm nay euro Law on Personal Income Tax and Article 3 of Decree No. 65/2013/ND-CP, taxable incomes from personal income tax include:

...

2. Income from salary, wages

Income from salary, wages is trực tiếp bóng đá hôm nay euro income that employees receive from employers, including:

...

e) Bonuses in cash or in kind in any form, including bonuses in securities*, except for trực tiếp bóng đá hôm nay euro following bonuses:*

e.1) Bonuses attached to titles awarded by trực tiếp bóng đá hôm nay euro State, including bonuses attached to emulation titles and forms of commendation according to trực tiếp bóng đá hôm nay euro law on emulation and commendation, specifically:

e.1.1) Bonuses attached to emulation titles such as National Emulation Warrior; Emulation Warrior of Ministries, Sectors; Central mass organizations, provinces, centrally-run cities; grassroots Emulation Warrior, Advanced Labor, Advanced Warrior.

...

And based on clause 2, Article 8 ofCircular 111/2013/TT-BTC, it provides trực tiếp bóng đá hôm nay euro provision:

Determination of taxable income from business, salary, wages

...

2. Taxable income from salary, wages

a) Taxable income from salary, wages is determined by trực tiếp bóng đá hôm nay euro total salary, wages, remuneration, and other income of similar nature received by trực tiếp bóng đá hôm nay euro taxpayer during trực tiếp bóng đá hôm nay euro tax period as guided in Clause 2, Article 2 of this Circular.

b) Time of determining taxable income.

trực tiếp bóng đá hôm nay euro time of determining taxable income for income from salary, wages is trực tiếp bóng đá hôm nay euro time when trực tiếp bóng đá hôm nay euro organization or individual pays income to trực tiếp bóng đá hôm nay euro taxpayer.

Only for trực tiếp bóng đá hôm nay euro time of determining taxable income for trực tiếp bóng đá hôm nay euro fee to purchase cumulative insurance products as guided at point đ.2, clause 2, Article 2 of this Circular, is trực tiếp bóng đá hôm nay euro time when trực tiếp bóng đá hôm nay euro insurer or voluntary pension fund management company pays trực tiếp bóng đá hôm nay euro insurance money.

Hence, trực tiếp bóng đá hôm nay euro 13th month salary does not fall under trực tiếp bóng đá hôm nay euro exemptions of personal income tax. Therefore, trực tiếp bóng đá hôm nay euro 13th month salary is identified as taxable personal income.

Thus, trực tiếp bóng đá hôm nay euro time for calculating personal income tax on trực tiếp bóng đá hôm nay euro 13th month salary is when trực tiếp bóng đá hôm nay euro organization or individual pays trực tiếp bóng đá hôm nay euro income to trực tiếp bóng đá hôm nay euro employee.

Which incomes are exempted from personal income tax in Vietnam?

According to clause 1, Article 3 ofCircular 111/2013/TT-BTC(supplemented by clauses 4 and 5, Article 12 ofCircular 92/2015/TT-BTC), trực tiếp bóng đá hôm nay euro specific exempted income includes:

- Income from real estate transfer (including housing and construction works formed in trực tiếp bóng đá hôm nay euro future according to trực tiếp bóng đá hôm nay euro real estate business law) between: spouses; biological parents to biological children; adoptive parents to adopted children; parents-in-law to daughters-in-law; parents-in-law to sons-in-law; grandparents to grandchildren; siblings to each other.

In trực tiếp bóng đá hôm nay euro case of real estate (including housing and constructions that will be formed in trực tiếp bóng đá hôm nay euro future according to trực tiếp bóng đá hôm nay euro real estate business law) which is jointly created by spouses during marriage and identified as joint property, upon divorce, it is divided according to agreement or court judgment, such property division is exempt from tax.

- Income from transferring a house, homestead land rights, and attached property of an individual in cases where trực tiếp bóng đá hôm nay euro transferor only has one house, homestead land right in Vietnam.

- Income from trực tiếp bóng đá hôm nay euro value of land use rights assigned by trực tiếp bóng đá hôm nay euro State without land levy or with reduced land levy as stipulated by trực tiếp bóng đá hôm nay euro law.

In trực tiếp bóng đá hôm nay euro case of an individual being exempt from or receiving a land levy reduction when assigned land, if transferring trực tiếp bóng đá hôm nay euro area of land exempted or reduced, tax is declared and paid on trực tiếp bóng đá hôm nay euro income from real estate transfer guided in Article 12 of this Circular.

- Income from inheritance, gifts being real estate (including housing and constructions that will be formed in trực tiếp bóng đá hôm nay euro future according to trực tiếp bóng đá hôm nay euro real estate business law) between: spouses; biological parents and children; adoptive parents and adopted children; parents-in-law and daughters-in-law; parents-in-law and sons-in-law; grandparents and grandchildren; siblings.

- Income from exchange of agricultural land to rationalize agricultural production but not changing trực tiếp bóng đá hôm nay euro land use purpose of households, individuals directly producing agriculture, assigned by trực tiếp bóng đá hôm nay euro State for production.

- Income of households and individuals directly engaging in agricultural, forestry, salt production, aquaculture, fishing activities not processed or only through rudimentary processing and not turned into other products.

- Income from interest on deposits at credit institutions, foreign bank branches, interest from life insurance contracts; income from interest on bonds of trực tiếp bóng đá hôm nay euro Government of Vietnam.

- Income from remittances exempted from tax is trực tiếp bóng đá hôm nay euro money individuals receive from overseas provided by relatives, being Vietnamese residing abroad, Vietnamese working, studying abroad.

In cases where individuals receive money from abroad sent by foreign relatives and meeting trực tiếp bóng đá hôm nay euro conditions for encouraging remittance as per State Bank of Vietnam regulations, it is also exempt from tax under this point.

Basis for identifying tax-exempt income is documents proving trực tiếp bóng đá hôm nay euro source of money received from overseas and records of disbursing organizations (if any).

- Income from night work or overtime wages paid higher than daytime or working hour rates as stipulated in trực tiếp bóng đá hôm nay euro Labor Code.

- Pension paid from trực tiếp bóng đá hôm nay euro Social Insurance Fund according to trực tiếp bóng đá hôm nay euro Social Insurance Law; monthly pension received from a voluntary pension fund.

Individuals living and working in Vietnam are exempt from tax on pensions paid from abroad.

- Income from scholarships.

- Income from compensation of life insurance policies, non-life insurance, health insurance; compensation for accident; compensation, support according to trực tiếp bóng đá hôm nay euro law on compensation, support, resettlement; state compensation and other compensations as per law.

- Income received from charitable funds permitted or recognized to be established by competent State Authorities, operating for charity, humanity, study promotion not for profit purposes.

- Income received from foreign aid sources for charitable, humanitarian purposes both Government and non-Government approved by competent State Authorities.

Basis for identifying tax-exempt income is trực tiếp bóng đá hôm nay euro document from trực tiếp bóng đá hôm nay euro competent State Authority to approve aid reception.

- Income from wages and salaries of Vietnamese crew working for foreign shipping companies or Vietnamese shipping companies in international transport.

- Income of individuals as ship owners, individuals having rights to use ships and individuals working on ships gained from directly supplying goods, services for off-shore fishery activities.