On May 15, 2023, the Tax Department of Hanoi City issued Official Letter No. 33037/CTHN-TTHT to answer questions about PIT for gifts for employees who quit their jobs as follows:
In case the Company gives gifts to employees after the end of the labour contract, which is not covered by the clauses specified in Clause 10, Article 2 of Circular No. 111/2013/TT-BTC dated August 15, 2013 of the Ministry of Industry and Trade. Finance (stocks, capital in economic organizations, real estate, other assets subject to registration of ownership or right to use) are not subject to PIT from receiving gifts.
In case the Company gives gifts to employees, if they fall into the forms specified in Clause 10, Article 2 of Circular No. 111/2013/TT-BTC, they shall be subject to PIT from receiving gifts. The tax calculation bases comply with the provisions of Article 16 of Circular No. 111/2013/TT-BTC of the Ministry of Finance.
