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.

 

ANT Lawyers

Recent Posts

Decree No. 147/2024/NĐ-CP: A Comprehensive Framework for Internet and Information Management in Vietnam

With the rise of the digital age, Vietnam has experienced rapid growth in internet usage,…

2 weeks ago

The Employment in Vietnam Guide: 12 Key Legal Answers for Foreign Companies Entering the Market

Foreign companies entering Vietnam's thriving market face unique legal questions, especially around employing local talents.…

4 weeks ago

13 Critical Steps To Respond to Thailand’s Tough Anti-Dumping Investigation on Cold Rolled Stainless Steel

On October 3, 2024, Thailand’s Department of Foreign Trade (DFT) had officially launched an anti-dumping…

1 month ago

13 Essential Facts You Must Know About Setting Up a Vietnam Representative Office to Test the Market

Introduction For foreign businesses eyeing the fast-growing Vietnamese market, setting up a Vietnam Representative Office…

2 months ago

Anti-Dumping Investigation on Wood Fiber Boards from Thailand and China (AD21)

On September 25, 2024, the Ministry of Industry and Trade officially initiated an anti-dumping investigation…

2 months ago

Kick-Off Event of the 2024 International Mediation Writing Competition in Vietnam

The Weinstein International Foundation (WIF) has officially launched the 2024 International Mediation Writing Competition (IMWC2024).…

2 months ago