Live Event Highlights: Personal Income Tax (PIT) Finalisation and Key Considerations in The Amendment Law on PIT
January 9, 2025
On January 8, 2025, Talentnet successfully hosted the live event titled " Personal Income Tax (PIT) Finalisation and Key Considerations in The Amendment Law on PIT". The event garnered significant attention, with over 1,100 participants in attendance.
In today’s dynamic and complex business environment, ensuring compliance with tax regulations—especially personal income tax (PIT)—has become a critical priority for businesses. The workshop provided an in-depth analysis of key updates in the draft PIT Law (replacement) and practical guidance on the 2024 PIT finalization process, addressing common concerns about the new regulations and how to comply effectively.
Key Insights on Personal Income Tax Finalization
The workshop began with a comprehensive presentation by Ms. Doan Thi Kieu Van, Associate Director of Payroll & Corporate Services at Talentnet. She provided a step-by-step guide to the personal income tax finalization process, including essential procedures, required forms, and documentation.
Ms. Van also highlighted crucial topics such as determining taxpayers, timelines, deductible amounts, and tax bases. Special cases, including considerations for foreign workers, income-paying organizations, and the residency status of individuals, were also carefully addressed.
Revisit the seminar here
Updates on Tax Inspections and the Draft Personal Income Tax Law
A highlight of the workshop was the expert analysis of updates in the draft PIT Law (replacement) by Ms. Nguyen Thi Cuc, Chairwoman of the Vietnam Tax Consultants Association, Arbitrator of VIAC International Arbitration Center, Former Deputy General Director of the General Department of Taxation. Ms. Cuc provided valuable insights into the differences between the draft law and the current regulations, offering assessments on how the proposed changes may impact businesses and employees alike.
She also shared her extensive experience with tax inspections, offering practical recommendations for businesses to proactively manage and mitigate risks during inspections. These insights are particularly relevant given the evolving tax settlement processes and updated regulations.
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The event received more than 1,300 registrations and over 500 participant questions. The speakers addressed various pressing topics, including changes to family circumstance Deductions, centralized tax declarations, tax allocation to branches, and information-sharing mechanisms between the Tax Authority, Social Insurance, and the Department of Labor.
The workshop proved to be a resounding success, equipping businesses and employees with the latest information on personal income tax regulations. Participants left with the knowledge needed to comply with legal requirements effectively while minimizing risks.
Contact us
Ms. Doan Thi Kieu Van
Associate Director of Payroll & Corporate Services, Talentnet Group
Email: vandtk@talentnetgroup.com
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