On May 7th, 2021, Bac Ninh Tax Department issued Official Letter No. 798/CTBNI-TTHT, thereby:
In case the company has to excess the stipulated over-time working hours limit as regulated by the Labor Code, and the Company can make an agreement and gain the consent from its employees, the Company must notify in writing and be accepted by competent labor and employment control state agency and when carrying out over-time working, the exceeded over-time working hours expenses that are practically paid to the employees, with valid and sufficient records as prescribed on CIT’s legal documents, the above expenses shall be deductible when calculating CIT.
