Official letter No. 61194/CTHN-TTHT
dated August 21st, 2023 of the Department of Taxation of Ha Noi city regarding declaration and payment of personal income tax (PIT) on incomes from receiving inherited securities
Posted: 5/9/2023 7:31:10 AM | Latest updated: 6/9/2023 7:20:28 PM (GMT+7)
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Incomes from inherited securities shall be subject to PIT according to the regulations at clause 9 Article 2 of Circular No. 111/2013/TT-BTC .
If the person that earns incomes from inherited securities is a non-resident, he/she shall directly declare and pay tax according to the regulations at point g clause 4 Article 8 of Decree No. 126/2020/ND-CP ; there is no regulation on allowing declaration made on behalf of the taxpayer.
The payable PIT is 10% of the inherited value in excess 10 million VND. The calculation is regulated at Article 16, Article 23 of Circular No. 111/2013/TT-BTC .
Form of PIT declaration with regard to incomes from inherited securities shall apply Form No. 04/TKQT-TNCN promulgated at Appendix II of Circular No. 80/2021/TT-BTC .
Ms Phuong Thao (VietlawOnline.com)
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