Official letter No. 40746/CTHN-TTHT
dated August 18th, 2022 of the Department of Taxation of Ha Noi city regarding determination of taxable income when a company hires houses for its employees
Posted: 19/8/2022 11:08:15 AM | Latest updated: 23/8/2022 11:50:19 AM (GMT+7)
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The personal income tax (PIT) policy applicable to house rents paid on behalf of employees shall be carried out according to the regulations at clause 2 Article 11 and clause 1 Article 14 of Circular No. 92/2015/TT-BTC .
Accordingly, in case a company agrees to pay house rents on behalf of its employee, it has to withhold PIT according the amount actually paid on behalf of the employee but not exceeding 15% of total taxable incomes earned by such employee.
Ms Phuong Thao (VietlawOnline.com)
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