Official letter 1550/CT-TTHT dated march 27 2013 by ho chi minh tax department guiding on pit
According to Point 1.2, Section II, Part B, Circular 84/2008/TT-BTC dated September 30 2008 by MOF guiding PIT:
“Tax rate for income from capital investments is 5%”
If the company distributed earnings after tax to capital contribution members which are individuals then the company must deduct PIT (5% tax rate) on the total distributed profit to submit to State budget when individuals received profit from the company.
