The official letter no. 2223/TCT-TNCN dated 12 july 2013 of GDT in guidance of pit for individuals who have 2 income sources
According to the official letter No.2223/TCT-TNCN:
An individual having income from two companies: company A and company B. In company A, the individual works full time with long-term labor contract, registered tax code and family circumstance deduction and in company B, the individual works part time with 6-month labor contract, then in principle:
- For the individual signing 6-month contract with company B is a service contract, the company B must withhold 10% PIT before income payment of more 500,000 VND (from 11 Sep 2011 and is from more1,000,000 VND) for each payment or total commission and remuneration services
- For the individual signing 6-month contract with company B is a seasonal labor contract, the company B conducts temporarily PIT under the partly progressive tariff for income per month.
At the end of a year, after total collection of income and the tax amount withheld from two companies, the individual must make finalization records if he/she involves in the finalization tax.
