On December 23rd, 2020, Hanoi Tax Department issued Official Letter No. 109325/CTHN-TTHT, whereby:
In case that the company pays the year-end money for its employees, the above expenses are direct expenditures on the employees’ welfare and the total welfare cost does not exceed the practical average 1 month’s salary in the company’s tax year and does meet the conditions as guided in Article 4 Circular No. 96/2015/TT-BTC issued by the Ministry of Finance on June 22nd, 2015, it will be deductible when determining taxable income of CIT.
