Official letter 187/TCT-TNCN of the General Department of Taxation on the guidance to finalize the personal income tax (PIT) for the year 2012
The personal income which is less than or equal to 5 million VND/month will be exempted from PIT in the last 6 months, this income is calculated by the total taxable income of the year divided by 12 months.
Other cases remain in accordance the formula: average monthly taxable income [x] accumulated rate [x] 12 months with resident individuals having income from salary, wage and doing business.
Especially individuals do not have the tax code in 2012 still be reimbursed in accordance with the code that implement and finalize tax.
Declaration for tax finalization 09/KK-TNCN and 05/KK-TNCN adds Appendix 26/MT-TNCN and Appendix 27/MT-TNCN.
Deadline for submitting the finalization dossier is no later than April 1st 2013.