At present, the legal documents in the tax area have not yet clearly defined, explained or guided about the time frame during which the tax authority is restricted from conducting inspection and control at the enterprise. And the Law on Tax Administration only regulates the sequence when tax authorities conduct inspections and controls over taxpayers,…

The guiding documents of the Law on PIT prescribe the maximum tax rate imposed on the house rent that the Employer pays on behalf of Employees is 15% the total taxable income (exclusive of house rent)[1]. As such, if the house rent that the Employer pays on behalf of Employees is higher than 15% the…

The Civil Code provides that an organisation is recognised as a legal entity when it meets the following conditions: (i) being established in accordance with the Civil Code and other relevant laws; (ii) having an executive body and other bodies as decided by the legal entity or in accordance with the law. The organisational structure,…

The current Law on PIT has not yet covered any limitation on the number of registered dependents for a taxpayer. Accordingly, taxpayers may register their dependents without any quantitative restriction as long as they meet the following conditions: The dependent must be one of the following[1]: Children includes biological children, lawfully adopted children, illegitimate children,…

Under the Law on PIT, monetary or non-monetary benefits other than salaries and wages paid by the Employer, which are enjoyed by Employees in any form will be considered to be taxable income. However, expenses for means of transporting Employees from dwelling houses to workplaces and vice versa will not be included in the taxable…