OFFICIAL LETTER NO 2546/TCT-DNNCN 2020 ON ORGANISING THE IMLPEMENTATION OF RESOLUTION 954/2020/UBTVQH14 ABOUT ADJUSTING FAMILY CIRCUMSTANCE – BASED REDUCTION OF PERSONAL INCOME TAX
Official Letter 2546/TCT-DNNCN 2020 on organizing the implementation of Resolution 954/2020/UBTVQH14 About adjusting family circumstance-based reduction of PIT as follows:
Accordingly, The tax authorities guide the taxpayers to declare and temporarily pay PIT from wages and salaries at the family circumstance-based reduction at Articles 1 Resolution 954 from:
- Temporary PIT declaration period of July 2020 for taxpayers eligible for monthly tax declaration: Deadline for submitting tax declaration is August 20, 2020.
- The declaration period of provisional personal income tax for quarter 3/2020 for taxpayers who are subject to quarterly tax declaration: Deadline for submission is October 30, 2020.
In case of the months/quarters are in the tax period 2020, the taxpayer has temporarily paid PIT from salary and wages according to the family circumstance-based deduction of VND 9 million/month for taxpayers and VND 3.6 million / month for each dependent. The tax authority shall guide the taxpayer to redefine the payable PIT amount for the tax period 2020 according to the new family deduction level when making PIT finalization in 2020.
