Insight
Working while learning a job at enterprise – To pay compulsory social insurance?
Enterprises must pay compulsory social insurance if they have employees working under labor contracts with a term of 01 month or more. Legal grounds: Labor Code 2019; Law on Social...
Renting personal property – Documents required to calculate deductible expenses?
Enterprises can rent assets of individuals to use for production and business activities and should note that there are sufficient records to include in deductible expenses when determining CIT. Legal...
Allowance of life insurance for employees – Deductible expenses when calculating CIT?
Enterprises can buy more types of voluntary insurance for employees and include them in deductible expenses when determining CIT if certain conditions are met. Legal grounds: Circular No. 78/2014/TT-BTC; Circular...
Cost of uniforms – CIT deduction only if…?
Enterprises can buy uniforms for employees and include them in deductible expenses when determining CIT, but within certain limits. Legal grounds: Circular No. 78/2014/TT-BTC; Circular No. 96/2015/TT-BTC. Enterprises have the...
Where salary and bonus are not deductible expenses?
Enterprises may include salaries and bonuses for employees in their operating expenses, but may not be able to deduct CIT in some cases Legal grounds: Circular No. 78/2014/TT-BTC; Circular No....
No PIT payment – No need to file tax return?
Enterprises that pay income to employees and have tax deductions are obliged to declare, deduct and pay PIT periodically together with VAT declarations Legal grounds: Decree No. 126/2020/ND-CP; Decree No....
Father dead – Unborn children inherit?
Inheritance is basically based on blood relationship, so children have the right to inherit inheritance left by parents Legal grounds: Civil Code 2015. We get the following questions: I have...
Not having labor union – Exempt from paying labor union fund?
Labor union funds are used to protect the rights and take care of the lives of employees at the enterprise Legal grounds: Decree No. 191/2013/ND-CP; Decision No. 270/QD-TLD of the...
Interest on late payment – Must invoice and pay VAT?
The enterprise has the right to demand payment of interest on late payment if the obligor fails to pay the goods/services Legal grounds: Circular No. 219/2013/TT-BTC. We get the following...
Working online full-time – No need to pay social insurance?
Enterprises and employees working under labor contracts must participate in compulsory social insurance as prescribed by law Legal grounds: Social insurance law; Law on Health insurance; Employment Law; Decree No....
