Official Letter No 6160/CT-TTHT dated August 17th 2021 of Ba Ria Vung Tau Tax Department regarding to tax policy on “3 on the spot” expense in Covid-19 period
Responding to POSCO YAMOTO VINA Steel JSC ( Company) regarding to “3 on the spot” expense in Coivd-19 period, Ba Ria Vung Tau Tax Department has guidance as follows”
+ per CIT: If the company has legal payment and satisfy with regulation about deductible expenses stated in CIT legal document, then deducted when determining CIT. If the above regulations are not satisfied, then it will not be deducted when determining CIT.
+ per PIT: If payment to employees belong to income from salary, wages subjected to PIT, and does not belong to uncalculated cases into PIT taxable income according to regulation as Point g, Clause 2, Article 2 Circular 111/2013/TT-BTC dated August 15th 2013 of MOF, these amount must be included into PIT taxable income from salary, wages of employees comply with regulation