INSTRUCTIONS ON AUTHORIZING PIT FINALIZATION

According to Official Letter No. 3334/CT-TTHT issued by Hanoi Tax Department and coming into effect on January 21, 2020:

– Accordingly, individuals enjoying incomes from salaries, are allowed to authorize another organization/individual to pay the finalized tax amounts on their behalf in the following cases:

• Individuals whose only sources of income are salaries, wages from employment contracts of 03 months or more with another paying organization/individual and actually working for such at the date of authorization, notwithstanding cases of not having fully worked for 12 months within the year.
• Individuals whose sources of income are salaries, wages from employment contracts of 03 months or more with another paying organization/individual and actually working for such at the date of authorization. At the same time, having occasional median monthly sources of income no more than 10 million VND from which the paying unit deducted 10% tax but there is no request to finalize tax for these incomes;
• Individuals who are employees transferred from the old organization to the new organization in cases of total division, partial division, merger, consolidation, conversion of the old organization. At the end of the year, if an employee does authorize tax finalization then the new organization recollects documents for deducting personal income tax issued by the original organization to the employee (if any) as basis on which to synthesize deducted incomes, taxes and finalize on behalf of the employee.

Best regards,