Official letter 40757/CTHNH-TTHT about PIT policy:
Based on the above regulations, in cases where employees are given gifts by the Company in the form of purchase gift certificates (Vouchers) and gifts in kind (these amounts are all paid according to the Company's welfare policy), they will receive Determined as monetary or non-monetary benefits other than salaries and wages paid by the employer that taxpayers enjoy in any form according to the provisions of Clause 2, Article 2 of Circular No. 111/2013 /TT-BTC.
The time to determine taxable income for income from salaries and wages is the time when organizations and individuals pay income to taxpayers as prescribed in Point b, Clause 2, Article 8 of Circular No. 111/2013/ TT-BTC dated August 15, 2013 of the Ministry of Finance.
In case the Company has declared and paid taxes for an individual and then discovers that the tax declaration submitted to the tax authority has errors or omissions, it shall make additional declarations according to the provisions of Article 47 of the Law on Tax Administration. No. 38/2019/QH14 and Clause 4, Article 7 of Decree 126/2020/ND-CP dated October 19, 2020 of the Government.
