On April 24th, 2019, General Department of Tax issued the Official Letter No.1650/TCT-DNNCN. Whereby:
– If the holiday expenses for employees raised from welfare fund and clearly the beneficiary’s name, this amount shall be included in the taxable income. In case the beneficiary is collective of employees, not any specific person, it shall not be included in taxable income.
– If the individuals (employees) receive vacation expenses directly from enterprises, this income will be included in the taxable income of employees.
