Prizes from a prize draw For the case of a prize draw, if Employees join a prize draw in the Employers’ year-end parties and win gifts or vouchers, these gifts will be considered the incomes from the prized games or contests or other prize-winning events which are held by economic organisations, administrative agencies, business units,…

As prescribed by the law on PIT, for resident individuals who sign LCs of at least 3 months, Employers will make tax deductions as per the partially cumulative tariff, including the case where Employees sign LCs of at least 3 months with many Employers[1]. For resident individuals who do not sign LCs or sign LCs…

According to the law on PIT with respect to individuals who lease out properties (who earn incomes from leasing houses, premises etc.), the revenue of VND100 million/year and below to define those who are not required to pay value added tax and PIT is the total revenue arising from property-leasing contracts in the calendar year….

Pursuant to the law on PIT, the fixed expenditure for stationery, business trips, telephones, costumes etc. which is higher than the current level prescribed by the State will be defined as income related to any salary, wage and subject to PIT. However, the fixed expenditure for the said items will not be included in the…

Pursuant to the labour law, the time of unpaid leave that obtains Employers’ consent but accumulates for no more than one month will be considered the working time of any Employee to calculate the number of annual days off[1]. Accordingly, this period is construed to be the time of unpaid leave that Employers have previously…