Official letter 3469/CTHN-TTHT about PIT of gifts and rewards for employees:
In case the Company pays for the employee training to improve qualifications and skills in accordance with the employee's professional work, it is not included in the employee's taxable income for this amount. to support this training.
In case the Company organizes collections for employees and employees' relatives, if the prize value exceeds VND 10 million received by the award winner, the Company shall deduct PIT according to the instructions in Item g. 1 Article 25 of Circular No. 111/2013/TT-BTC above.
In case the Company only gives its employees monetary or non-monetary benefits other than salaries and wages, the Company is responsible for withholding PIT according to the guidance in Item b, Clause 1, Article 25 of Circular No. 111/2013/ TT-BTC.
In case an individual employee is given a gift in kind by the Company, it is "Gift by purchase card (voucher, giftcard) or in kind (confectionery gift basket, mug, shirt, ..." if this gift giving). The nature of wages and salaries and not falling under the provisions of Clause 10, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 of the Ministry of Finance, the individuals who receive the above-mentioned gifts shall not must declare and pay PIT for this gift.
