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Tax officials respond to on-line questions
An on-line discussion with tax officials on the website of the Ministry of Finance yesterday, June 15, answered more than 230 questions from enterprises and individuals about the personal income tax and other tax policies.
The discussion attracted more than 2,000 hits as three ministry officials fielded questions, including the director of the tax policy department, Vu Van Truong; the head of the personal income tax department, Nguyen Huy Truong; and Do Thanh Han, a senior official from the inspection department for import-export tax collection.
The talk was jointly held by the ministry and eFinance magazine to help individuals and enterprises deal with recent, complex changes in tax policy.
Many enterprises have encountered difficulties in implementing the new tax laws, and the ministry has been inundated with inquiries.
Some businesses wondered whether they would have to deduct the personal income tax for June wages, since the five-month delay in implementation of the new tax law expired on May 31.
"The ministry has issued Circular No 27/2009/TT-BCT to guide rescheduling of the tax between January and May. It instructs firms to deduct taxes from employees' June wages," Van Truong said online.
Meanwhile, final decision on the delay of the new personal income tax law was awaiting a vote by the National Assembly. At that time, the ministry would provide further guidance, he said.
Some individuals asked about how that would compute personal income taxes if they had signed labour contracts with two different companies.
Van Truong said individuals pay taxes under the law for income from both companies.
Some individuals wondered how they were to pay the personal income tax if they had income from both Viet Nam and abroad.
Huy Truong replied, "Under the personal income tax law, foreigners have to declare taxable income arising within and outside the territory of Viet Nam. For income received from abroad, the tax here will be deducted the taxes already being paid abroad. Monthly, the employers of foreigners will deduct the personal income tax from their income in Viet Nam. All foreign individuals with income from overseas will have to declare their total income received in Viet Nam and abroad to balance final taxes by the end of each year."
Van Truong also explained some preferential policies on taxes to support enterprises overcome the global economic downturn. One of these was the 50-per-cent reduction in value-added tax (VAT) on some goods and services such as coal, chemicals, mechanical products, auto parts and boats.
Another policy was to give small- and medium-sized enterprises a 30-per-cent cut in corporate income taxes due in the fourth quarter of last year, and to extend the deadline for such firms to pay taxes.
Registration fees on cars with fewer than 10 seats would also be cut in half between May and the end of the year, he said.
VietNamNet, VietNamNews
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