Official Dispatch No. 1148/CTBDI-TTHT dated April 1, 2024 of the Binh Dinh Province Tax Department guiding deductible costs for hiring individual construction supervision consultants
Binh Dinh Province Tax Department, based on current regulations and Official Dispatch 2547/TCT-TNCN dated June 12, 2017 of the General Department of Taxation regarding personal income tax policy for outsourcing labor contracts, accordingly guides:
In case the Company signs a contract with an individual without business registration to supervise the construction of the Company’s projects, the income that the individual receives is subject to 10% tax deduction on wages according to the provisions at point i, Clause 1, Article 25 of Circular No. 111/2013/TT-BTC.
To presumptive tax contract expenses to be included in deductible expenses when determining income subject to corporate income tax, in addition to the Company’s documents presented in the Inquiries, the Company needs the following documents:
- List of purchases of purchased goods and services according to form No. 01/TNDN;
- Documents of payment to individual recipients;
- Proof of personal income tax payment that the Company has deducted.
