Mã số thuế cá nhân từ lâu đPersonal tax code has long been no stranger to many people. With the values and benefits that a personal tax code brings, we will help you better understand your personal tax code and the cases in which you must register for a personal tax number. LSX Lawfirm will give you an article about: “Instances where you need to register for a personal tax code in Vietnam”, specifically as follows:
Legal grounds
Circular 105/2020/TT-BTC
Cases needing individual registration of tax code number in Vietnam
Accordingly, the purpose of personal tax identification number registration is to declare income with tax authorities. Cases where individuals need to have a tax identification number include:
Persons whose employees are subject to income tax
So, Personal income tax is an amount that income earners must deduct part of their salary from income sources into the State budget. According to the new provisions of the Law on Personal Income Tax; specifically in Resolution 954/2020/UBTVQH14 issued on June 2, 2020:
People with an income of over 11 million/month (132 million/year) are subject to personal income tax.
He or she must deduct family circumstances for dependents
In Article 9 of Circular 111/2013/TT-BTC stipulating family circumstance-based deduction for dependents: if the taxpayer has previously registered for tax and is granted a tax identification number; the taxpayer will be entitled to a deduction for family circumstances. situation for dependents.
- So, for individuals who are dependents and taxpayers who have made a declaration for family deduction if they do not have a personal tax code; the tax authority will automatically grant a tax identification number to that person based on the dependent information above. Taxpayer’s tax reduction registration declaration.
- Then for individuals who are taxpayers who have declared family deductions and are dependents; if they do not have a tax identification number; the tax office will issue a tax identification number to the dependent based on that person’s information. at the tax payer’s tax reduction registration declaration.
- Finally, currently, according to the latest regulations, Resolution 954/2020/UBTVQH14 in 2020: Each dependent willdeduct 4.4 million VND/month.
The head representative of a business organization
So, for individuals, the head of a group of business organizations required to register for a personal tax identification number.
Then the personal tax identification number of the representative of a business organization use to declare and pay VAT; excise tax, etc. of the whole business group and declare its own personal income tax.
Thus, we have provided the necessary information about the cases in which an individual tax number must be registered.
You can also refer to the article about Dossier for registration of personal tax identification for foreigners or Procedures for registration of personal tax identification for foreigners.
Related questions
Hence the regulation of Vietnamese Law, tax is compulsory; non-reimbursable revenue of the State for organizations; and individuals to meet the spending needs of the State for the common good.
Accordingly, businesses could pay taxes in the following places: the State Treasury, tax management department, organizations authorized by tax authorities to collect taxes; commercial banks; other credit institutions, and service organizations.
Tax identification number is a sequence of numbers, letters or characters issued to taxpayers by a tax authority in accordance with the Law on Tax Administration. Tax identification number to identify and identify each taxpayer, including taxpayers with import and export activities, and uniformly managed nationwide.
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