Library

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

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.

 

Tuan Nguyen

Recent Posts

5 Key Points from Law on Artificial Intelligence 2025: What Businesses Need to Know

As more foreign companies look to start a business in Vietnam, understanding the country's new…

10 hours ago

Decree 357/2025 on the Real Estate Market Data System

On December 31, 2025, the Government of Vietnam issued Decree 357/2025/ND-CP, regulating the construction, management,…

1 day ago

How to Set Up Representative Office in Vietnam: 5 Essential Steps Every Foreign Investor Must Know in 2026

This guide explains how to set up representative office in Vietnam in 2026. It covers…

1 day ago

How to Start an E-Commerce Business in Vietnam: A Strategic Guide for Foreign Investors From 2026

Vietnam’s digital economy is moving faster than many investors expected. Online retail is expanding beyond…

2 weeks ago

9 Red Flags of Equity Transfer Disputes Investors Miss During Due Diligence in Vietnam

Vietnam’s M&A market continues to mature. Private equity, strategic investors, and regional conglomerates are increasingly…

2 weeks ago

8 Enforcement Risks in Vietnam That Even Litigation Law Firms Cannot Ignore

Enforcement Risks Introduction Even if your company wins in a court case and a favourable…

3 weeks ago

This website uses cookies.