As we all know, Personal Income Tax is an amount that income earners have to deduct part of their salary or from other sources of income into the state budget. So are there any cases where employees who earn income from wages and salaries may not need to pay this tax or pay a lower rate than prescribed?
The Law on Amendments to Tax Laws 2014 of Vietnam was issued on November 26, 2014. This Law provides amendments on some Articles of the Law on Corporate income tax 2008 of Vietnam, typically the content of amendments to regulations on tax rates incentives.
When calculating corporate income tax, taxable income will deduct expenses arising from business and production activities of the enterprise and have legal invoices and documents. Non-deductible expenditures when calculating taxable income include:
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