Q & a on personal income tax for individuals who do not reside in Vietnam (part 2).

Question 6: I am currently doing business in Russia, due to economic hardship, I decided on the Philippines sold a piece of land to have money connect to business investment. Because only in Vietnam was about 3, should I have asked a real estate broker to find a buyer to help me and they told me that I must pay a pit if the assignment of the property.

So tax rates for income from transfer of property? According to the provisions of article 29 of law pit the tax rates for income from transfer of property of individuals do not move are determined by the property transfer price multiplied by (x) tax rate of 2%.

Question 7: do you P as the Philippines has Dutch citizenship and settled in there but not resign citizenship. Mr Ward did the research and construction of drainage solutions for the provinces in Vietnam this was referenced in this high-availability solution and environment Corporation in Vietnam. Please ask, I have to submit P pit from the transfer of copyright to this drainage solution? If yes then you have to pay tax rates is how five? Under the provisions of the Act, the individual pit that has income from royalties, franchise tax payers in ACCOUNTING.

In article 30 of law pit, tax rates for income from royalties, franchise industry is calculated as follows: 1. The tax for income from individual copyright that isn't implied volatility is determined by income over 10 million according to each contract transfer, the transfer of ownership of the object or if the brain, technology transfer in Vietnam multiplied by the tax rate of 5%.

2. Tax for income from the individual's business franchise that implied not determined by income over 10 million according to each business franchise contracts in Vietnam, multiplied by the tax rate of 5%.

As such, more references If the transferred value of drainage solutions I P received on 10 million then you will have to pay tax with tax rate is 5%\/synergistic value assignment.

Question 8: I and my wife are currently living in the US and have us citizenship. During summer vacation to Vietnam, I have come to the Club at Palazzo (gambling CLUB reserved for foreigners located in the hotel 's) and participate in video games that reward.

I have $ 50,000 prizes. Upon receipt, the Palazzo is just charged me $ 45,000, the remaining amount they explain is to file proposed pit. "Said the Club's Palazzo retain my tax money isn't it? According to the provisions of article 31 of law pit the tax for income from Prize, inheritance, gifts for the person who doesn't function in Vietnam are determined by the taxable income multiplied by the tax rate of 10%.

In particular, t hu taxable from of individuals do not reside is the prize worth over 10 million according to each lucky time reference; income from inherited gifts is the property value inheritance, gifts exceed 10 million in times of personal income that arise that do not reside in Vietnam received.

As stipulated in the slide show above, then the amount that you get is above 10 million should the Club Palazzo deducted his pit is absolutely right. Sentence 9: time to determine the individual's taxable income that does not reside in the Philippines is when? According to the provisions of article 32 of law pit the moment defines the taxable income of individuals not residing in Vietnam shall be determined as follows: 1.

In respect of the taxable income of the individual from the business under the provisions of article 25 of this law is the individual moments do not reside receives income or time of invoicing for sale of goods, provides services. 2. With respect to the individual's taxable income from salaries, wages, capital investment, income from royalties, franchise companies, income from Prize, inheritance, gifts (article 26, 27, 30, 31 the law pit, 2007) is a personal organizer, time in Vietnam to pay for personal income that non-residents or individuals that do not reside get income from individual institutions abroad.

3. Taxable income for Leu cam son of individuals from capital transfer, alienation of real property (articles 28, 29 of 2007 pit Law) is the moment the transfer agreement came into force.

Verse 10: obligations of organizations and individuals that pay income and obligations of individual tax payers that do not reside in the Philippines when practicing pit Law? According to the provisions of article 33 of law pit in 2007, the Organization, individuals pay income and tax payers are individuals not reside is responsible for the following: 1. Organizations and individuals charged with income tax deduction and the obligation on national budgets as the times arise in respect of the taxable income paid to tax payers.

2. Tax payers are personal agnathans are obliged to declare, pay tax on income generated by with respect to taxable income under the provisions of the law on tax administration.