Official letter No 5178/CT-TTHT On distributors supporting as follows:
In case the Company and the distributors sign the agency contract, the company must to pay the payments by cash for the distributors following the regulations of contract. From selling activities based on revenue goals that given by the company :
- For distributors who are individuals with a total support level of two million (2,000,000) VND/time or more, the Company is responsible for declaring and deducting PIT at the rate of 10% of income. before paying personally.
- Distributors who are legal entities must issue invoices for declaring and paying VAT and corporate income tax when receiving bonuses or support money according to regulations.
- Expenditures with sufficient invoices and documents, actually servicing production process and business activities in accordance with the Company's financial regulations shall be included in reasonable expenses when determining taxable income.
