Uni 08-08-2014 - Guidance on treatments of PIT administration and tax administration violation

According to official letter No.2864/TCT-CS:

• If yearly finalization additional declaration file reduces the payable tax amounts, taxpayers need to determine the payable tax amounts of quarterly, monthly declarations of that year and declare additionally the quarterly, monthly declarations.
• When taxpayers submit Notification of applying  the deduction method, tax authority must issue a document to inform enterprises, cooperatives, establishment units to know whether the Notification is accepted or not.
• If taxpayers late submit Notification to revise the accounts opened at the commercial banks or credit organizations, they will be penalty for tax administration violation.
• A taxpayer is Vietnamese party  signing contract of buying services from foreign contractors and they sign labor contracts with foreigners working in Viet Nam, Vietnamese party is responsible for notifying foreign contractors of PIT payment obligation of foreign employees and provide with employees’ information in compliance with regulations.