Official letter No 2532/TCT-DNNCN dated July 12th 2021 of General Tax Department regarding to PIT policy
In cased the company has submitted 2020 PIT finalization declaration but identify mistake, the company shall declare the 2020 PIT finalization declaration with actual amount, as well as declare supplement PIT finalization procedure, must amend corresponding wrong monthly/quarterly PIT declaration as the same time as prescribed in Clause 4, Article 7 of Decree 126/2020/ND-CP,
For concern on accounting about adjusting to reduce salary and wages payable amount to employee due to arising in the period after reporting period, no directly reflected in the income payment period, in order to determine correctly CIT payable amount, the company adjust increasing non-deductible expense of the 2020 CIT finalization corresponding to reduced adjusted salary expense and declare supplement CIT finalization procedure as prescribed in Article 47 Law on Tax Administration
