Uni 02-03-2026 - About CIT policy

Official letter 654 TNI-QLND1 about CIT policy:

Based on the above regulations, in cases where employees of the Company do not have bank accounts and legally authorize another individual to receive their salaries on their behalf, the Company is permitted to pay into the authorized person's bank account. This payment is deductible when calculating corporate income tax if it simultaneously meets the following conditions:

- Regarding employee records: Complete employment contracts, time sheets, and payroll records showing actual expenses incurred for production and business activities.

- Regarding the legality of the authorization: There must be an authorization contract/authorization document prepared in accordance with civil law regulations (must be notarized and certified by a competent state agency), clearly stating the authorization to receive salary, personal information of the authorizing person and the authorized person, and bank account information for receiving payment on their behalf.

- Regarding payment documents: There must be non-cash payment documents (for payments of 5 million VND or more) transferred to the authorized person's account, with the document (Payment Authorization) clearly stating the purpose of salary payment to the employee according to the corresponding authorization document.