On June 8th ,2020, Hanoi Tax Department issued Official Letter No. 48514/CT-TTHT. Whereby:
In case the Company signs sales contracts with wholesale agencies which are business households andaccording to the contract, the Company shall grant bonuses in cash corresponding to the agency’s business result, which means:
- When granting bonuses, the Company shall make payment vouchers based on the payment purpose, in return, the agency will make bonus receipts in accordance with legal provisions. The Company shall make tax declaration and pay tax on behalf of agencies who are business individuals according to tax declaration form No. 01/CNKD enclosed in Circular No. 92/2015/TT-BTC on June 15th ,2015 issued by the Ministry of Finance with PIT rate of 1%.
- The Company may deduct the aforementioned bonuses when determining payable the taxable income if the Company has legitimate records in full as prescribed by law.
