The organization is responsible for declaring and paying tax on behalf of another individual when paying bonuses, promotions, assistance for presumptive taxpayers

On October 21st, 2021, Hanoi Tax Department issued Official Letter No. 41213/CTHN-TTHT, thereby:

From August 01st, 2021, the organization pays bonuses, sales compensation, promotions, commercial discounts, payment discounts, assistance in cash or not in cash, compensations for breach of contract, other compensations for presumptive taxpayers; The organization is responsible for declaring and paying tax on behalf of the individual with the VAT rate of 1%, PIT 0.5% according to the provisions of Article 8, Circular 40/2021/TT-BTC dated June 1, 2021, of the Ministry of Finance.