Official letter 40757/CTHNH-TTHT about PIT policy:
Based on the above provisions, in case the employee receives a gift from the Company in the form of a gift voucher (Voucher) and a gift in kind (these amounts are all paid according to the Company's Welfare Policy), it is determined as a benefit in cash or non-cash other than salary and wages paid by the employer that the taxpayer is entitled to in any form as prescribed in Clause 2, Article 2 of Circular No. 111/2013/TT-BTC.
The time for determining taxable income for income from salaries and wages is the time when the organization or individual pays income to the taxpayer according to the provisions of Point b, Clause 2, Article 8, Circular No. 111/2013/TT-BTC dated August 15, 2013 of the Ministry of Finance. In case the Company has declared and paid taxes for individuals and then discovered that the tax declaration submitted to the tax authority is incorrect or incomplete, it shall make a supplementary declaration of the tax declaration according to the provisions of Article 47 of the Law on Tax Administration No. 38/2019/QH14 and Clause 4, Article 7 of Decree 126/2020/ND-CP dated October 19, 2020 of the Government.
