OFFICIAL LETTER NO. 11819/CT-TTHT DATED 31 DECEMBER 2014 OF HCM TAXATION DEPARTMENT IN GUIDANCE OF DEDUCTIBLE EXPENSE FOR CIT COMPUTATION
According to official letter No.11819/CT-TTHT:
From 2014, the company has benefits to employees such as wedding, sickness, maternity, funeral for themselves and their family; the company’s year-end party, vacation...if including invoices, payments vouchers under regulations of Law (in case, signing the contracts with service company to have vacation, they must present invoices, non-cash payments vouchers ( if the payment is more 20 million VND)) and total benefit payment is not over a monthly average actual salary of 2014, the expenses are included in deductible expenses when determining CIT taxable incomes.
