The document is to reply to the question about whether personal income tax (PIT) is deducted or not and how to deduct PIT when an enterprise pays these amounts to agents that are individuals: payment discount, customer support meeting turnover, trading discount and sale promotion award.
Accordingly, with regard to the “payment discount” and “customer support meeting turnover”, when the enterprise pays these amounts to the individuals, it must deduct 1% PIT according to the provisions in Point 4 Annex 01 of Circular No. 92/2015/TT-BTC and declare the payment made on behalf of the individuals under Form No. 01/CNKD
For the “trading discount” offered for an agent, it is exempt from PIT according to the guidelines provided in Official letter No. 4447/TCT-TNCN dated October 27th, 2015. PIT shall not be deducted in this case
With regard to the expenditure which is “sale promotion award”, PIT shall be deducted in accordance with the guidelines provided in Official letter No. 3929/TCT-TNCN dated September 23rd, 2015. Accordingly, the award’s value (regardless of in kind or in cash and if it is in cash, regardless of whether it is subject to ownership registration or not) shall be subject to PIT. The taxable value is the amount beyond VND 10 million; the amount under VND 10 million is exempt from tax.