Uni 21-07-2014 - Guidance on treatments for PIT policy

According to official letter No.2605/TCT-TNCN:

• In case, if employees having incomes from income payers and one of them pays house rent instead, the paid house rents included in PIT taxable incomes  are not excessive of 15% of total taxable income (excluding house rents) of the income payer who pays house rent instead.
• In case, If individuals receive Net salary ( including nightshift amount, overtime amount exempted for tax), the total actual income will be grossed into the taxable income . And then, the taxable income minus (-) the nightshift amount, overtime amount exempted for tax = the assessable income  of employees.
• When tax authority checks to detect that the employees are foreigners generated taxable incomes in Viet Nam and abroad but are not declared or lacked-declared, they will be involved in tax penalty . If they come back to their country before the time of tax inspection, tax authority can coordinates with  employers in Viet Nam to inform tax payers to know and avoid tax evasion