(VEN) – The General Department of Taxation recently sent Official Letter 1428/TCT-DNL dated May 6, 2013 as a reply to the Viettel Trade and Export-import Company Limited, regarding instructions for company branches to declare and pay the corporate income tax and personal income tax.
The official letter indicates:
Regarding corporate income tax declaration:
Point c, Item 1, Article 11 of Circular 28/2011/TT-BTC dated February 28, 2011 of the Ministry of Finance stipulates, “In case the tax paying company has financially dependent subsidiaries, the subsidiary does not have to submit the corporate income tax declaration; the tax-paying company is responsible for declaring taxes imposed on its incomes and those arising at the subsidiaries as well.”
Under this stipulation, the Viettel Trade and Export-import Company Limited is responsible for declaring taxes imposed on incomes of its financially dependent branches.
Regarding personal income tax declaration:
Article 7 of Circular 02/2010/TT-BTC provides guidance for adding Item 4 into Section II, Part D of Circular 84/2008/TT-BTC dated September 30, 2008 of the Ministry of Finance, guiding the implementation of some articles of the Law on Personal Income Tax and Governmental Decree 100/2008/ND-CP dated September 8, 2008 with detailed stipulations on some articles of the Law on Personal Income Tax. It stipulates:
Tax deduction:
Organizations which directly pay salaries/remuneration are responsible for deducting and declaring the personal income tax according to existing regulations; the deduction must be implemented on a monthly basis.
Tax finalization:
Organizations which directly pay salaries/remuneration are responsible for finalizing personal income taxes for each staff member if the tax amount that must be paid is higher than the deducted amount or vice versa.
Under above stipulations, the Viettel Trade and Export-import Company Limited is responsible for declaring, paying and finalizing personal income taxes in the locality where it is headquartered./.
Trung Kien
Đăng ký: VietNam News