Official letter No. 61194/CTHN-TTHT dated August 21st, 2023 of the Department of Taxation of Ha Noi city regarding declaration and payment of personal income tax (PIT) on incomes from receiving inherited securities

Incomes from inherited securities shall be subject to PIT according to the regulations at clause 9 Article 2 of Circular No. 111/2013/TT-BTC .

If the person that earns incomes from inherited securities is a non-resident, he/she shall directly declare and pay tax according to the regulations at point g clause 4 Article 8 of Decree No. 126/2020/ND-CP ; there is no regulation on allowing declaration made on behalf of the taxpayer.

The payable PIT is 10% of the inherited value in excess 10 million VND. The calculation is regulated at Article 16, Article 23 of Circular No. 111/2013/TT-BTC .

Form of PIT declaration with regard to incomes from inherited securities shall apply Form No. 04/TKQT-TNCN promulgated at Appendix II of Circular No. 80/2021/TT-BTC .