VietlawOnline

blue-check Regarding PIT on incomes paid in VND

Official letter No. 2654/TCT-DNNCN dated July 19th, 2021 of the General Department of Taxation regarding personal income tax (PIT) policy.
Posted: 20/7/2021 7:13:50 AM | Latest updated: 21/7/2021 3:50:18 PM (GMT+7) | LuatVietnam: 5253 | Vietlaw: 525
VietlawOnline

According to Article 13 of Circular No. 92/2015/TT-BTCstatus2 , when paying income in a foreign currency, it is required to convert the foreign currency into the Vietnamese dong (VND) to calculate tax.

Accordingly, in case a company pays incomes to its employees in VND, it shall withhold, declare and pay tax based on the paid incomes without having to convert such incomes

It should note that the withholding of PIT on incomes from salary, wage shall be made at the time of paying the incomes (point b clause 2 Article 8 of Circular No. 111/2013/TT-BTCstatus2 ).

Admin_05
Related documents
Not found
Penalty document
Unknown
Information
Effective Date Unknown
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 525
Tệp đính kèm
enflag pdficon CV2654_19072021TCT[VLO].pdf
Timeline
No data