POINTS WHEN FINALIZING PERSONAL INCOME TAX.

At Point 9.9, Clause 9 of Appendix I – List of tax declaration dossiers issued together with Decree No. 126/2020/ND-CP dated October 19, 2020 of the Government stipulating cases where organizations and individuals do not incur pay PIT taxable income, then you do not have to declare PIT for that month/quarter.

Point d, Clause 6, Article 8 of Decree 126/2020/ND-CP and Official Letter 636/TCT-DNNCN stipulate some cases where PIT finalization will not be required. First, organizations and individuals which pay incomes from salaries or wages and do not generate income are not required to declare PIT finalization. That is, in the personal income tax period, if wages and salaries are not paid to employees, they are not required to declare PIT finalization.

According to Clause 4, Article 44, Chapter IV, Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, the deadline for PIT finalization on income in 2021 is prescribed as follows:

  • No later than the last day of the 3rd month from the end of the calendar year or fiscal year for the annual tax finalization filing.
  • No later than the last day of the 4th month from the end of the calendar year for personal income tax finalization records of individuals who directly finalize tax at tax office.

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Dong Du International Accounting, Taxes & Legal Consulting Group Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

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