On September 9th, 2020 Hanoi Tax Department issued Official Letter No. 81907/CT-TTHT. Whereby:
If individuals arise incomes from reinvested profits at the Company as guided in Point g Clause 3 Article 2 Circular No. 111/2013/TT-BTC, at the time of reinvestment, they will not be required for declaring PIT for the capital investment activity. When transferring capital, withdrawing capital, dissoluting an enterprise, individuals shall make PIT declaration and payment on capital transferral and incomes from capital investment as prescribed in Clause 9 Article 26 Circular No. 111/2013/TT-BTC.
