Personal income tax Vietnam declaration dossier
Now is the time for organizations and individuals to finalize personal income tax in 2024. The Hanoi Tax Department has just issued notes to implement this content well. Normally, employees will authorize the income-paying unit (company, business) to finalize personal income tax for them. However, if you are not authorized and must directly declare personal income tax vietnam, what documents and procedures should be followed? Let’s read the article from Smart Solutions For Business Company Limited (S4B Vietnam).
1. Personal income tax finalization declaration dossier
According to the Hanoi Tax Department, personal income tax vietnam finalization declaration dossiers for individuals declaring personal income tax finalization directly with the tax authority include: Personal income tax finalization declaration form No. 02 /QTT-TNCN issued together with Appendix II of Circular No. 80/2021/TT-BTC dated September 29, 2021 of the Ministry of Finance; Appendix II of Circular No. 80/2021/TT-BTC; Copies of documents proving the amount of tax deducted, temporarily paid during the year, and the amount of tax paid abroad (if any).
Normally, employees will authorize the income-paying unit (company, business) to finalize personal income tax for them.
>>>Read more: How is the personal income tax of foreign workers calculated?
In case the income-paying organization does not issue tax deduction documents to the individual because the income-paying organization has ceased operations, the tax authority will base on the tax industry’s database to consider and process the finalization dossier. Tax for individuals without requiring tax deduction documents. In case an organization or individual paying income uses an electronic personal income tax deduction document, the taxpayer uses a copy of the electronic personal income tax deduction document (the paper copy is provided by the payer). Self-printed tax converted from the original electronic personal income tax deduction document sent to the taxpayer by the income-paying organization or individual).
The deadline for submitting personal income tax finalization documents for the 2024 tax period for income-paying organizations is April 1, 2025 and for individuals directly finalizing with tax authorities is May 2, 2025.
2. What does the personal income tax finalization dossier for individuals who self-finalize taxes include?
The personal income tax self-finalization dossier includes:
- Personal income tax finalization declaration;
- Registration form for family allowance deduction for dependents (if any);
- Copies of documents proving the amount of tax deducted, the amount of tax temporarily paid during the year, and the amount of tax paid abroad (if any).
- Copy of tax deduction certificate;
- Other relevant documents (depending on the case).
3. Concept of personal income tax services
Currently there are a number of employees who have income from salaries and wages (as collaborators) at other businesses in addition to their income from salaries and wages at the company. Therefore, these employees cannot authorize the company’s accountant to finalize personal income tax administration for them. But they are very hesitant to finalize personal income tax themselves (because in many places they do not know how to declare according to the law), so they want to hire a tax finalization service to help them. So what is the fee when hiring personal income tax finalization service in 2024?
So what is the fee when hiring personal income tax finalization service in 2024?
Personal income tax finalization service is a type of support for individuals to complete procedures related to calculating and paying personal income tax services according to tax laws in a specific country. This is usually the year-end or early-year process after the end of the fiscal year, where individuals need to evaluate and calculate income, deductions, and appropriate tax payments. Currently, current personal income tax vietnam services are as follows:
(i) Annual personal income tax finalization: Support taxpayers in completing tax declarations, preparing and submitting related documents to ensure compliance with the country’s tax regulations.
(ii) Personal tax consulting: Providing information and support on personal income tax regulations, deductions, applicable taxes and tax calculations.
(iii) Tax optimization: Consulting on how to optimize taxes, helping taxpayers find opportunities to minimize taxes in accordance with the law.
(iv) Handling tax disputes: Support when there is a dispute with tax authorities, provide consulting and representation services for customers in tax-related issues.
(v) Other services: In addition, additional services can be provided such as accounting consulting, financial management, tax strategy consulting and tax risk management.
4. Fees when hiring 2024 personal income tax finalization service
Depending on the nature of each file and the reputation of the tax settlement service provider, the fee for hiring the 2024 personal income tax settlement service will be different. However, the current fee for this service usually ranges from 1,500,000 VND to 3,000,000 VND.
To know the specific fee when hiring the 2024 personal income tax finalization service, customers please contact specifically with us.
S4B Vietnam
- Address: Unit 602A, Tower A, Handi Resco Office Building. 521 Kim Ma Street, Ba Dinh District, Hanoi
- Tel: + 84 24 3974 4181
- Email: service@s4b.com.vn
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