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Lecture 8 PIT PDF
Lecture 8 PIT PDF
Lecture 8 PIT PDF
CONTENT
1. History
2. Role of PIT
LECTURE 8 3. Main regulations of PIT in Vietnam
•
Source: Ministry of Finance (2017)
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3.1 TAXPAYERS
Resident means a person who satisfies one of the following conditions: 3.2 TAXABLE INCOME
a/ Being present in Vietnam for 183 days or more in a calendar year or 12 Thu nhập chịu thuế
consecutive months counting from the first date of their presence in Vietnam;
Taxable income
5. Income from transferring the real estate • Incomes from compensation for insurance contracts or from
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FOR RESIDENTS:
3.3 CALCULATION OF PIT IN VIETNAM 3.3.1. INCOME FROM EMPLOYMENT AND BUSINESS
3.1 Income from business and employment
Payable income Taxable + Taxable - Tax
from business, income from income from allowance
employment = business employment
tax payer needs to register qualifying dependents and - Contributions to certain approved charities
- Severances allowance, redundancy compensation, interest
provide sufficient documents to tax authorities earned on bank deposits, life/non-life insurance compensation,
retirement pensions...
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TAX RATES FOR OTHER INCOMES TAX RATES FOR NON - RESIDENTS
Other paxable income Rate % Other taxable income Rate %
EXERCISES EXERCISES
The expatriate employee’s annual net income is 1.08 billion For a tax payer who has 2 children as his dependants, if he
VND. No housing is provided by the employer. The earns 20 millions VND/month.
expatriate employee has one dependant. 1) Calculate the taxable income that he has to pay?
1) Calculate the gross monthly taxable income? 2) If he doesn’t have any dependent, please calculate the
2) Total monthly PIT payable? PIT that he has to pay?
3) Annual PIT payable? 3) In the case that foreigner is classified as non residents in
Vietnam, please calculate the tax that he has to pay?
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