PERSONAL INCOME TAX WITHHOLDING IS NOT REQUIRED FOR EMPLOYEES HAVING INCOME OVER VND 2,000,000/PAYMENT IN MULTIPLE AREAS

PERSONAL INCOME TAX WITHHOLDING IS NOT REQUIRED FOR EMPLOYEES HAVING INCOME OVER VND 2,000,000/PAYMENT IN MULTIPLE AREAS

2024-06-14 22:26:02 330

On May 17, 2024, the Tax Department of Quang Nam province issued Official Dispatch No. 4224/CTQNA-TTH guiding the handling of personal income tax (PIT) issues of employees with multiple incomes of 2,000,000 VND/time. or more at many income-paying organizations.

Accordingly, the organization paying temporary income has not deducted the employee's personal income tax for each payment over 2 million VND if the employee has a written commitment on the total taxable income of the individual after When family deductions are not enough to pay tax.

Employees must determine and estimate their own income and be responsible for their commitment. In case of detection of fraud, they will be handled according to regulations.

This guideline ensures to create favorable conditions for businesses when paying income of 2,000,000 VND/time or more to employees and enhances the responsibility of employees in declaring and paying personal income tax.

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