On July 12th, 2024, the Hanoi Tax Department issued Official Letter No. 40757/CTHN-TTHT, accordingly:
In cases where employees are given gifts by the Company in the form of purchase gift certificates (Voucher) and tangible gifts (these amounts are paid according to the Company’s welfare policy), they are considered as monetary or non-monetary benefits beyond the salary or wages paid by the employer that the taxpayer receives in any form, according to the provisions of Clause 2, Article 2 of Circular No. 111/2013/TT-BTC.
The time to determine taxable income for income from salaries and wages is when organizations or individuals pay income to taxpayers, as prescribed at Point b, Clause 2, Article 8 of Circular No. 111/2013/TT-BTC dated August 15th, 2013, of the Ministry of Finance.
In case the Company has declared and paid taxes for individuals and then discovers that the tax declaration submitted to the tax authority has errors, it shall make additional declarations according to the provisions in Article 47 of the Law on Tax Administration No. 38/2019/QH14 and Clause 4, Article 7 of Decree No. 126/2020/ND-CP dated October 19th, 2020 of the Government.
