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The issue include: In order to implement timely personal income tax law, the Ministry of Finance issued Document No. 8817/BTC-TCT guiding a number of contents of this Document.
Notably, the guidance that is personal income tax withholding for non-contract employees, or less than 3- month- contract as follows:
– Apply the deduction is 10% for the 2 people above.
– Income subjected to tax withholding: from 2 million / income payments (formerly 1 million, according to Circular 113/2011/TT-BTC)
In addition, the Document also mentions the addition of the transfer housing cases, land and assets attached to land use rights at only: after owning 183 days, tax is free on the transfer, non-exempt tax for assets in the future.
Organizations and individuals to implement the provisions right now, until the Circular issued by the Ministry of Finance.
For more information: Document 8817_BTC