OFFICIAL LETTER NO. 1543/CT-TTHT DATED 14 MARCH 2014 OF HO CHI MINH TAXATION DEPARTMENT OF DEDUCTIBLE EXPENSE FOR PIT AMOUNTS OF NET SALARY PAYMENT
According to official letter No.1543/CT-TTHT:
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If the parent company in Japan pays bonus without PIT (Net bonus) for foreign employees who work for enterprises in Viet Nam. The enterprises in Viet Nam do not have to repay the bonus to the parent company. Thus, PIT amounts arising from the bonus from the parent company will not be included in deductible expense when determining CIT.
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PIT amounts of the income (Net Income) paid by the Company will be included in deductible expense when determining CIT.
