Upgrading IT applications to accelerate PIT refund

Upgrading IT applications to accelerate PIT refund

VCN - On the issue of delayed personal income tax (PIT) refund, the Ministry of Finance said that the Tax sector will continue to upgrade IT applications to support taxpayers in determining where to submit PIT refund applications and look up full informat
After six consecutive increase years, tax revenue from real estate transfer plunges

After six consecutive increase years, tax revenue from real estate transfer plunges

VCN – In 2023, real estate market was in extremely difficult time, purchasing power and liquidation had a sharp decline and there was a lack of cash flow, the amount of personal income tax (PIT) from real estate transfer activities plunged.
PIT revenue reaches 74.5% of estimate

PIT revenue reaches 74.5% of estimate

VCN - In the first six months of the year, the tax sector collected more than VND88 trillion of personal income tax (PIT).
Extending deadline for VAT payment, corporate income tax and personal income tax 2022

Extending deadline for VAT payment, corporate income tax and personal income tax 2022

Deputy Prime Minister Le Minh Khai signed Decree No. 34/2022/ND-CP dated May 28, 2022 on extending the deadline for paying value-added tax, corporate income tax, personal income tax
Does there need to be a support policy on personal income tax?

Does there need to be a support policy on personal income tax?

With the current regulations, the rate of personal income tax applied for people earning from VND17 million to VND30 million is still low.
Business household and individuals earning revenue of less than VND 100 million for the whole year are not subject to tax payment

Business household and individuals earning revenue of less than VND 100 million for the whole year are not subject to tax payment

The Ministry of Finance has made an official announcement about tax management for business households and individuals.
General Department of Taxation: Business household is not household

General Department of Taxation: Business household is not household

The General Department of Taxation asserted the regulation on the scope of application for “business household” and “individual business” is appropriate.
2020 Personal income tax finalization: Effortless for both tax authorities and taxpayers

2020 Personal income tax finalization: Effortless for both tax authorities and taxpayers

VCN- For example, the quick report of the Hanoi Tax Department showed that, over 115,000 PIT finalization dossiers declared by the income paying entities via the eTax system, reaching over 95% of the expected number by the end of March 31.
General Department of Taxation holds four online support sessions for tax finalization in 2020

General Department of Taxation holds four online support sessions for tax finalization in 2020

VCN- According to the General Department of Taxation, in March, it will hold online support sessions for tax finalization in 2020 on its portal (www.gdt.gov.vn).
About 1 million people won’t have to pay personal income tax

About 1 million people won’t have to pay personal income tax

VCN- After more than half a year of research, review, and consultation, the Ministry of Finance's proposal on raising family circumstance-based reduction upon personal income tax (PIT) calculation submitted to the Government to submit to the National Asse
Business households have been offset Family Circumstance Deduction when calculating Personal Income Tax

Business households have been offset Family Circumstance Deduction when calculating Personal Income Tax

VCN- Recently, the Ministry of Finance drafted a resolution of the Standing Committee of the National Assembly on adjusting Family Circumstance Deduction level  for personal income taxpayers.
Increasing family allowances: An additional one million people will not have to pay personal income tax

Increasing family allowances: An additional one million people will not have to pay personal income tax

VCN - It is one of the remarkable numbers issued by Nguyen Thi Cuc, Chairwoman of the Tax Advisory Association (VTCA).
Hanoi Tax Department deploys month of accompanying taxpayers since March 2020

Hanoi Tax Department deploys month of accompanying taxpayers since March 2020

From March 1st 2020 to March 30 2020, Hanoi Tax Department will deploy a month of accompanying taxpayers to implement tax finalisation
Taxpayers use e-tax service from February 10

Taxpayers use e-tax service from February 10

VCN- People and businesses can search detailed information on the Tax sector’s website httpsgdt.gov.vn/wps/portal or httpstphcm.gdt.gov.vn/wps/portal.
Revenue and tax types record growth in the first six months

Revenue and tax types record growth in the first six months

By the end of the first six months of 2019, the tax sector has collected 597,786 billion VND, achieving 51.2% of the estimate, increasing by 12.5% over the same period in 2018
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