Is interest from loans subject to personal income tax kết quả bóng đá trực tiếp Vietnam?

Lawnet would like to answer as follows:

1. Personal income taxpayers kết quả bóng đá trực tiếp Vietnam

Pursuant to Article 2 of theLuật Thuế thu bóng đá hôm nay trực tiếp cá nhân 2007 Số hiệustipulating personal income taxpayers kết quả bóng đá trực tiếp Vietnam as follows:

Article 2. Taxable subject

1. Personal income taxpayers include residents who earn taxable incomes specified kết quả bóng đá trực tiếp Article 3 of this Law inside and outside the Vietnamese territory and non-residents who earn taxable incomes specified kết quả bóng đá trực tiếp Article 3 of this Law inside the Vietnamese territory.

2. Resident means a person who satisfies one of the following conditions:

a/ Being present kết quả bóng đá trực tiếp Vietnam for 183 days or more kết quả bóng đá trực tiếp a calendar year or 12 consecutive months counting from the first date of their presence kết quả bóng đá trực tiếp Vietnam;

b/ Having a place of habitual residence kết quả bóng đá trực tiếp Vietnam, which is a registered place of permanent residence or a rented house for dwelling kết quả bóng đá trực tiếp Vietnam under a term rent contract.

3. Non-resident means a person who does not satisfy any of the conditions specified kết quả bóng đá trực tiếp Clause 2 of this Article.

As regulations above, personal income taxpayers kết quả bóng đá trực tiếp Vietnam are residents and non-residents earning taxable incomes

For resident individuals, their taxable incomes are incomes earned inside and outside the Vietnamese territory, regardless of where their incomes are paid. (Clause 1.a Article 2 of theNghị định 65/2013/NĐ-CP)

For non-resident individuals, their taxable incomes are incomes earned kết quả bóng đá trực tiếp Vietnam, regardless of where their incomes are paid.(Clause 1.b Article 2 of theNghị định 65/2013/NĐ-CP)

Resident means a person who satisfies one of the following conditions:

First, being present kết quả bóng đá trực tiếp Vietnam for 183 days or more kết quả bóng đá trực tiếp a calendar year or 12 consecutive months counting from the first date of their presence kết quả bóng đá trực tiếp Vietnam;

Second, having a place of habitual residence kết quả bóng đá trực tiếp Vietnam, which is a registered place of permanent residence or a rented house for dwelling kết quả bóng đá trực tiếp Vietnam under a term rent contract.

2. Is interest from loans subject to personal income tax kết quả bóng đá trực tiếp Vietnam?

Pursuant to Clause 3.a Article 2 of theThông tư 111/2013/TT-BTCstipulating taxable incomes as follows:

Article 2. Taxable incomes

...

3. Incomes from capital investment

Incomes from capital investment are personal income kết quả bóng đá trực tiếp the form of:

a) Interest on the loans given to other organizations, enterprises, business households, business individuals and groups of business individuals according to loan contracts or agreements, except for the interests paid by credit institutions and branches of foreign banks according to Point g.1 Clause 1 Article 3 of this Circular.

As regulations above, interest from loans, except for the interest paid by credit institutions and branches of foreign banks, is an income from capital investment. Therefore, interest from loans is subject to personal income tax kết quả bóng đá trực tiếp Vietnam.

3. How to calculate personal income tax on interest from loans kết quả bóng đá trực tiếp Vietnam?

Pursuant to Clause 4 Article 10 of theThông tư 111/2013/TT-BTCstipulating calculation of personal income tax on interest from loans kết quả bóng đá trực tiếp Vietnam as follows:

Personal income tax payable

=

Assessable income

x

5% tax

kết quả bóng đá trực tiếp there:

Personal income tax payable refers to the interest that the individual receives from the loan.

The tax rate on the income from interest from loans is 5% according to the whole income tax table.

The time to calculate personal income tax from loan interest is the time when organizations and individuals pay income to the lending individuals.

Key word: taxpayers | kết quả bóng đá trực tiếp Vietnam | personal income tax | loan |

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