On August 21st ,2020 Hanoi Tax Department issued Official Letter No. 77547/CT-TTHT on PIT guidelines with income from the receipt of gifts as follows:
In case that the Company carries out gifting (cash/asset) to war invalids and martyr’s relatives, Vietnamese Heroic Mother on the occasion of Viet Nam’s War Invalids and Martyrs Anniversary, presents for guest on the occasion of the founding anniversary. If the incurred income from the above activities is not subjected to the income from the receipt of gifts as prescribed in Clause 10 Article 2 Circular No. 111/2013/TT-BTC, the gift receivers will not be taxed for PIT.
