KPMG tax advisers tell you all you ever wanted to know about Vietnam's tax laws and how they might affect your business

Vietnam Investment Review, November, 2004

KPMG tax advisers tell you all you ever wanted to know about Vietnam's tax laws and how they might affect your business.

How is Personal Income Tax (PIT) declared and finalised with the local tax department?

Employees subject to PIT in Vietnam are entitled to apply for a tax identification number, either through the income-paying organisation or directly with the local tax department. The tax identification number, which is issued to each employee, shall be used for provisional declaration and finalisation of PIT with the local tax department. Provisional declaration of PIT for an employee in a month, which is based on actual monthly income paid, shall be made and submitted by the employer to the local tax department on or before the 10th day of the...