VietlawOnline

blue-check Representative Offices have to make PIT accounting upon termination of operation

Official letter No. 26215/CTHN-TTHT dated April 21st, 2023 of the Department of Taxation of Ha Noi city regarding personal income tax (PIT) policy
Posted: 25/4/2023 7:49:27 AM | Latest updated: 26/4/2023 4:22:33 PM (GMT+7) | LuatVietnam: 5686 | Vietlaw: 608
VietlawOnline

According to this Official letter, in case a Representative Office terminates its operation to establish a limited liability company, it have to carry out PIT accounting according to the guidelines provided at Article 8 of Decree No. 126/2020/ND-CPstatus2 .

If after the tax accounting, there are overpaid tax, late payment interest and fines, the Representative Office shall settle the overpaid tax, late payment interest and fines according to the regulations at Article 25 of Circular No. 80/2021/TT-BTCstatus2 .

If such amounts are eligible for refund, the application for refund shall be carried out according to the regulations at Article 40 of Circular No. 80/2021/TT-BTCstatus2 .

Ms Phuong Thao (VietlawOnline.com)
Please tag VietlawOnline.com for reposting this article

Related documents

Penalty document

Unknown

Information
Effective Date Unknown
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 608

Files attachment

vnflag pdficon CV26215_21042023CTHN.pdf
vnflag wordicon CV26215_21042023CTHN.docx
enflag wordicon CV26215_21042023CTHN[VLO].docx

Timeline

No data

Representative offices

blue-check Representative Offices have to make PIT accounting upon termination of operation
blue-check Regarding tax policy applicable to the activity of asset liquidation by a foreign representative office
blue-check Regarding VAT on services provided for foreign organizations
blue-check Regarding home ownership in Vietnam of foreign representative offices
blue-check Foreign representative offices shall be exempt from tax payment upon liquidation of assets
blue-check Regarding license fee paid by transaction offices
blue-check Regarding tax declaration of representative offices
blue-check Issues relating to making payments for international trade contracts through representative offices in Vietnam
blue-check Regarding foreign traders’ establishment of representative offices in Vietnam
blue-check Foreign representative office shall be exempt from tax upon carrying out liquidation sale of assets
blue-check Regarding change of location of foreign business entity’s representative office
blue-check Regulations in details the (amended) Law overseas missions of Vietnam
blue-check Regarding PIT incurred by a Representative Office Chief in Vietnam
blue-check Regarding PIT accounting made by a foreign representative office
blue-check New regulations on establishment of trade promotion representative offices
blue-check Regarding licensing fees paid by a foreign representative office
blue-check Regulations on cooperation in managing foreign representative offices in Ha Noi
blue-check Regarding exemption from licensing fees with regard to representative offices of foreign traders
blue-check Individuals’ traveling expenses are not exempt from PIT
blue-check Regarding tax obligations incurred by foreign trader’s representative office in Vietnam