CIRCULAR NO. 128/2014/TT-BTC DATED 05 SEP 2014 OF MOF IN GUIDANCE OF PIT REDUCTION FOR THE INDIVIDUALS WORKING IN ECONOMIC ZONES
Circular No. 128/2014/TT-BTC in guidance of PIT reduction for the individuals working in economic zones replacing Circular No.176/2009/TT-BTC effective from 20 Oct 2014.
Some contents should be noted in Circular No. 128/2014/TT-BTC as follows:
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Taxpayers are allowed to reduce PIT in guidance of this Circular, are resident individuals, non-resident individuals working in economic zones including:
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Individuals sign labor contracts with organizations, individuals out of economic zones, but assigned to work in economic zones.
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Individuals, individuals groups have the fixed business places in economic zones, performed business and production activities under business registration certificate in economic zones.
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...
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Taxable income is tax calculation base as follows:
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Taxable income from salary, wage;
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Taxable income from business and production activities of individuals, individual groups.
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Individuals are allowed to reduce 50% of total temporary or payable PIT on taxable income in economic zones.
